Siemens Croatia, Serbian NIS sign EUR 5.5mn contract.

By bne IntelliNews October 6, 2010
Siemens Croatia and Serbia's oil refinery Naftna Industrija Srbije (NIS) signed a HRK 40mn (EUR 5.5mn) contract for equipment upgrade of the NIS unit in Pancevo, the Banka magazine reported quoting Siemens Croatia. The contract envisages the installation of process control system PCS7, which will manage the transportation of oil and petroleum products between the ports and the oil refinery on the Danube river. The project completion is expected to take 18 months.

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