Chinese investors interested in building an oil refinery in Smederevo

A meeting with Chinese investors on the topic of the construction of an oil refinery in Smederevo, worth around USD 2.6 billion, has been held at the National Council for Coordination of Cooperation with Russia and China.

The Council has said that the representatives of the Chinese companies were ready to start with the project implementation in April, after the negotiations and the harmonization of all the issues with the task force to be formed by the Government of Serbia, whereas a rough deadline for the completion of the works would be four years.

“The plan is for the refinery to be built in the location which was designated for such activity. The new refinery in Smederevo would produce EURO 6 fuel, and there would be zero-emission of harmful gases. Companies from Germany and the United States will take part in the production of the refinery equipment,” reads the press release issued after the meeting.

The press release also says that the refinery will be “the first investment deploying the latest technology and exercising full environmental protection”.

(Novi Magazin, 21.01.2021)


This post is also available in: Italiano

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