Home | News | Belex | NIS starts delivering fuel resistant to low temperatures

NIS starts delivering fuel resistant to low temperatures

07/02/2012 15:11:00 Tanjug

Font size:

On Friday, 3 February 2012, the Petroleum Industry of Serbia (NIS) started producing and delivering to its filling stations a diesel motor fuel that is resistant to low temperatures, the oil company said in a statement.

The need for such move emerged from the fact that the temperature on the territory of Serbia has been extremely low over the past few days, reads the statement. This new diesel fuel will be first delivered to the NIS filling stations in the south of Serbia, where the situation is the most serious at the moment.

On the other hand, shares in NIS on the Belgrade Stock Exchange have soared 16.2% in the last three days. At the last price of RSD 673, market capitalization of the company is almost RSD 110bn (EUR 1,03bn).

Add to: Add to your del.icio.us

del.icio.us | Digg this story

Digg

NIIS

Other ...

Sojaprotein reports Q1 loss on costs, declining dinar

Becej-based Sojaprotein (SJPT), the biggest soybean processor in the Balkans, reported a net loss of RSD 181m (USD 2m) in the first quarter because of higher raw material costs and a weaker dinar.

Alfa Plam reports Q1 profits drop, revenue increased

Alfa Plam (ALFA), a stove producer from Vranje, has unveiled the business results for Q1 2012 below market expectations.

Energoprojekt Hidroinzenjering inks EUR 11m for works in Algeria

Energoprojekt Hidroinzenjering signed three new agreements in late April with the National Dam and Water Transfer Agency of Algeria to prepare implementation designs, provide technical assistance and supervise the construction of three dams in that country.

AIK Banka IQ 2012 net profit soared 60.5%

Nis-based AIK Banka (AIKB) has announced IQ 2012 pre-tax income worth RSD 918.1m (EUR 8.3), 60.5% up compared to the same period of the last year.

Former OMV chief to join management team of NIS

Naftna Industrija Srbije (NIIS), a Serbian oil company controlled by Russia’s Gazprom Neft (GAZP), said Wolfgang Ruttenstorfer, the former chief of Austria’s OMV AG (OMV), has joined its management board as an independent member.

ATE Bank to sell stake in AIK Banka by international tender

The Greek state-owned ATE Bank has published a call for the sale of its 20.3% stake in Nis-based AIK Banka (AIKB).

NIS enjoyed EBITDA rise of almost 100%

The largest company listed on the Belgrade Stock Exchange reported the financial performance and financial position for the first three months of 2012. According to the data revealed, NIS saw huge increase in EBITDA which soared 100% to RSD 15.5bn and sales that surged almost 25% to RSD 45.6bn.

Blic: Deutsche Bank to buy Komercijalna Banka in summer 2012?

Germany's Deutsche Bank has started negotiating the acquisition of a 70-percent stake in Komercijalna Banka (KMBN), the second largest bank in the Serbian market and the biggest state-owned bank, "Blic" daily reports.

Imlek to buy back shares, first time at RSD 3,100

Belgrade-based Imlek, the largest Serbian milk and dairy company, has announced that it is going to repurchase its own shares through pro-rata offer again, this time at the price of RSD 3,100.

Campina allowed to acquire Imlek,Mlekara Subotica

The Commission for Protection of Competition approved to the Dutć company Friesland Campina the acquisition of the Belgrade dairy companies Imlek and Mlekara Subotica, the Sinteza Invest Group released on their website. According to the release, the Commission published the decision which in summary procedure approves the concentration of market participants which will occur with Campina's acquisition of share of Imlek and Mlekara Subotica.