Serbia's NIS Buys Bulgarian Fuel Storage
Serbian energy company Naftna Industrija Srbije (NIS) has purchased a fuel storage in Bulgaria.
The 25,500 cubic meter-facility in Kostinbrod, northwest of Bulgaria's capital Sofia, will be used for storing, blending and distributing gasoline, diesel, biodiesel, ethanol and liquefied natural gas, the Novi Sad-based refiner said Friday, as cited by Bloomberg.
The seller and the price of the acquisition have not been disclosed.
The storage will be fully operational by the end of the month, according to the company.
NIS says plans "a significant increase" of storage capacity in Bulgaria over the next three years, as part of the development of its retail network in the region.
- » Oettinger Pledges Full Support for Bulgaria's Energy Board
- » South Stream Bulgaria Halts Commissioning Activities
- » Bulgaria's Energy Board to Start Functioning in а Week
- » South Stream Bulgaria JV Raises Capital Despite Ban
- » Bulgarian Miners Urge Caretaker PM to Lift Shale Gas Ban
- » Bulgaria Plans Pricing Talks with Green Energy Producers, Maritza East