Serb energy firm NIS, controlled by
The company's director general,
Kravchenko explained the strong financial performance last year was supported by the increased efficiency of the production process, reduced expenditure and the introduction of new technology, whose implementation will continue in 2014.
The value of taxes paid by the company to the state budget rose 30% to RSD 120.6bn in 2013. The EBITDA rose 5% to RSD 68.8bn.
The refining segment grew most last year – by 36%, thanks to the revamp of the
The oil and gas production rose 2%, while retail sales climbed 13% with daily sales of 5.6 tonnes.
In 2014, NIS will continue to raise the volume of its exports and will further expand its filling stations network in the region, which now includes 30 filling stations in
It will also working on several long-term projects, including the modernisation of the
The company expects the first results from geological explorations in
The total claims NIS has to collect reached RSD 60bn last year as RSD 24bn of them should be paid by Serb gas monopoly Srbijagas – but Kravchenko said there is still no progress on the issue between the two.
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