Bottom-of-the-Barrel Project

Second Phase of Modernisation of Pančevo Oil Refinery

We have taken a new step in the modernization of the Pančevo Oil Refinery. After the completion of the Bottom of the Barrel Project, worth more than EUR 300 million, our refinery is one of the most modern and “greenest” refineries in the region. By introducing modern technologies into the oil sector of Serbia, we have shown that for us, innovation is not only a corporate value on paper, but also a fundamental practice on which we base the further development of our company and create additional values for consumers.

The Bottom of the Barrel Project in numbers:

>300
>300

million EUR of investments in project

2.000
2.000

tonnes per day – unit capacity

99,2%
99,2%

refining efficiency at the Pančevo Oil Refinery

38,2%
38,2%

increase in diesel output

>300

million EUR of investments in project

2.000

tonnes per day – unit capacity

99,2%

refining efficiency at the Pančevo Oil Refinery

38,2%

increase in diesel output

By implementing this project, we also confirm our concern for the community in which we operate, because the commissioning of the Delayed Coking Unit also brings numerous environmental benefits. These primarily include the cessation of the production of high-sulphur fuel oil and the reduction of emissions of gases and particulate matter into the air. In this way, the environmental picture will be improved not only of Pančevo, but also of the entire Serbia. Additionally, 63 domestic experts have been employed in the new facility.

  • Environmental benefits of the project

    – Ceasing the production of fuel oil with a high sulfur content

    – Reduction in SO2 emissions by 98.8%

    – 2% lower emissions of particulate matter

    – Reduction in NO2 emissions by 9.8%

    – Improving the energy efficiency of the Pančevo Refinery

  • Unique construction technology

    – construction site area: 64,386.63 m2

    – average number of workers per day: 1,100

    – More than 7 million man-hours

    – 2 reactors – height: 30 meters, weight: over 200 tonnes

    – 2 coke silos with the capacity of 1,750 m3

    • length of the coke conveyor belt: 368 meters

The construction of the new complex was a true construction challenge in which over 7 million working hours were invested. On average, 1,100 people worked on the project every day, and more than 80% of the employees were local contractors.

The Delayed Coking Unit will enable us to increase the output of the highest quality fuels – diesel, gasoline and liquid petroleum gas. The domestic production of petroleum coke, which we used to import, is also starting. Expanding the product range at the Refinery will further improve Serbia’s energy stability.

The completion of this project does not mean the end of the modernization of the oil refining complex in Pančevo. In collaboration with the leading shareholders of NIS, the Russian company Gazprom Neft and the Republic of Serbia, we will continue to invest in our Refinery and increase its competitive advantage in the very demanding market of Southeast Europe. In this way, we continue to jointly improve our country’s energy sector and build the future at work.