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Russian Zarubezhneft develops its business in Bosnia and Herzegovina

Zarubezhneft operates here in the downstream sector activities, has own design institutes for sub-surface and on-surface development of oil & gas fields as well as service companies within its structure

Russian Zarubezhneft develops its business in Bosnia and Herzegovina

Banja Luka, March 24 - Neftegaz.RU. A meeting between the Gen.Director of Zarubezhneft Sergey Kudryashov and the Chairman of the Presidency of Bosnia and Herzegovina Milorad Dodik took place in Banja Luka.
In the framework of this meeting the parties have discussed the results of production and financial activities of Zarubezhneft’s enterprises in the region in 2020 and the prospect for the company’s business development.

The difficult economic situation caused by the pandemic did not prevent Zarubezhneft from implementing its strategic development plans and opening new areas of activity.
So, in October 2020, Zarubezhneft put the 1st solar power plant at the Brod refinery into operation.
Zarubezhneft considers the organization of production of polymer-modified bitumen at the Brod refinery as another promising area.
This new type of product for the plant has improved characteristics of heat and frost resistance, ductility and fatigue resistance, due to which it is in high demand in the local market.

Apart from that, in May 2020, the plant for the production of engine oils, lubricants and functional fluids Modriča Motor Oil Plant, which is part of the Group's structure, developed a product for technical disinfection and cleaning of working surfaces Dezinsept.

Until the end of the year, 14.7 tons of products were sold.
During the pandemic, the plant donated the 1st volumes of disinfectant produced to the headquarters for emergency situations of Bosnia and Herzegovina.
Also, Modriča MOP has developed and implemented a new concept for providing heat to the enterprise.
Fuel economy for 2020 was more than 35% of the plan.

Sergey Kudryashov said:
  • Despite the pandemic the enterprises of Zarubezhneft in Bosnia and Herzegovina have shown decent financial results
  • The amount of tax contributions to the country’s budget in 2020 totaled €75.88 MM
  • At the moment Zarubezhneft is the largest taxpayer of Bosnia and Herzegovina: in the last 10 years the company has transferred a total of €2.2 billion to the treasury of this country
  • During the pandemic period we have performed all our obligations regarding payment of salaries to the employees of our enterprises in Bosnia and Herzegovina, and their headcount is approximately 1 500 persons
In July 2020, a significant event took place – a new full-format Zalužana fuel station was put into operation.
Now systematic work is underway to reconstruct the fuel stations network as a whole, a large-scale rebranding program has been initiated.
In the future, it is planned to expand the number of stations to 96.

To read the article in Russian.

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