Bloomberg News

Zarubezhneft to Triple Output in Bosnian Refiner, TPortal Says

July 05, 2012

OAO Zarubezhneft (ZRNFT), a Russian oil company, plans to triple output in its Bosnian plant Rafinerija Nafte AD Bosanski Brod (RNAFRA) to three million tons of oil a year by 2016, after investing 760 million euros ($950 million) over the next four years, TPortal reported today, citing Alexander Gribok, the refinery’s technical director.

The Moscow-based company is also “a step closer” in bidding to buy filling stations from OMV AG (OMV) in Croatia and Bosnia-Herzegovina, the Zagreb-based electronic newspaper said, citing Josip Pleslic, the company’s representative in Croatia.

OMV of Austria is selling subsidiaries in Croatia and Bosnia as central Europe’s biggest oil company focuses on exploration and production, it said on Dec. 6.

To contact the reporter on this story: Jasmina Kuzmanovic in Zagreb at jkuzmanovic@bloomberg.net

To contact the editor responsible for this story: James M. Gomez at jagomez@bloomberg.net


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