Oil market in Serbia and Montenegro

Transcription

1 WPC -The Slovenian National Committee Workshop in Portorož 10 th - 11 th April, 2003 Hotel Emona, Portorož Oil market in Serbia and Montenegro Dimitri Vukcevic General Manager NIS - Petroleum Industry of Serbia 1 Objective 1 Integration of the national market with the EU market harmonization of laws and regulations with the EU legislation modernization of petroleum processing to meet EU standards 2

2 Objective imposed by geographic position The Balkans European Crossroads Pan-European Corridor 10 Roads E-70, E-75 Railway routes Pan-European Corridor 7 Danube river 3 National integration One country three crude oil and oil product markets Serbia Kosovo (under UN protectorate) Montenegro 4

3 Montenegro Market 1. Out of 87 petrol stations in Montenegro 37, or 42%, belong to Hellenic-petroleum (Jugopetrol Kotor) 2. Oil product sales in Montenegro amount to 331,881 t 3. Liberalized oil product import 4. Oil products prices adjusted every 14 days 5 Serbian Market Only NIS integrates within itself all respective aspects of the petroleum industry Other market participants engage solely in oil product marketing and dispose only of petrol station outlets, with the exception of Beopetrol that also has storage facilitiese 6

4 Serbian Market, wholesale and retail In the overall oil product sales in Serbia of 3,118,251 t/y NIS share is 78 %, or 2,428,382 t/y In the overall motor fuel sales (gasoline and diesel) of 1,796,639 t/y NIS share is 1,482,356 t ili 82.5% Other Other NIS NIS 7 Serbian Market - retail In the overall motor fuel sales at the pump stations NIS share is 53% or 948,146 t Other NIS Out of 1236 petrol stations in Serbia NIS owns 522, or 42% Other NIS 8

5 Serbian Market II Oil product prices are determined by the Government Current regulations allow only for crude oil import, while oil product import requires special permit Development of the overall oil market in Serbia is largely dependant upon development of NIS-Petroleum Industry of Serbia Therefore... 9 Gas Trade & Distribution E&P NIS Company profile & investment opportunities Processing 10 Retail & Marketing

6 NIS in 2002 Sales - $ 3 bln Natural gas -2 bln m 3 Crude Oil mln t 11 Organisational Chart Exploration and Production of Oil and Gas NIS-Naftagas Novi Sad Processing NIS-Oil Refinery Pancevo NIS-Oil Refinery Novi Sad NIS-Lube Refinery Belgrade NIS-Lube Refinery Kruševac Trade and Distribution of Natural Gas NIS-Gas Novi Sad NIS-Energogas Beograd Retail & Marketing NIS-Jugopetrol Beograd NIS-Naftagas promet Novi Sad Engineering NIS-Inžinjering Novi Sad 12

7 Exploration and Production NIS crude oil production meets 23% of the Serbian market needs (813,000 / 3,476,000 t) 13 Revitalisation Major Oil Projects Equipment for oil and gas exploration and production Investment - USD 42 mln 14

8 Major Oil Projects Exploration and production of oil and gas abroad Plan: Concessions s for new sites abroad Goal: Additional oil production of 2 million tons per year Investment USD mln 15 Processing Crude oil refineries capacity is 6.5 mln tons annually Lube refineries capacity is 200,000 tons of finished products annually The output exceeds local demand 16

9 CONSULTANTS Major Rafinery Projects Shell Global Solutions Hollden Consultants R I C O B G ABB Lumus JGC AMEC 17 Modernisation and integration of oil refineries Refinery Integration Plan Oil Refineriesies of Pancevo & Novi Sad Goals by European Standard Major regional supplier Major Rafinery Projects Total Investment... USD 3003 mln 18

10 Product Pipeline Pancevo Novi Sad Major Rafinery Projects Connecting two refineries - 90 km length / 10 diameter product pipeline, along with the supporting facilities and installations Investment USD 18 mln 19 Product Pipeline Pancevo - Niš Major Rafinery Projects Length 250 km Niš regional hub Investment USD 80 mln 20

11 Transport and Distribution of Natural Gas Capacities are over 6 billion m³ of gas annually Natural gas is supplied to app industrial consumers, and 150,000 households 21 Underground Gas Storage Major Gas Projects Continuous and even gas supply Several locations/options Capacity mil m 3 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Demand Investment USD mln To be stored 22

12 Major Gas Projects Expanding Gas Transmission Network Horgoš Plan expand gas distribution network in Serbia Goal - another 400, consumers by 2010! Investment USD mln Loznica Novi Sad Beograd Niš 23 Major Gas Projects Revitalisation of existing gas pipeline system Reconstruction of damaged and dilapidated parts Modernization of measuring & control facilities Investment - USD 30 mln 24

13 Expansion of main and municipal gas pipeline system Vojvodina & Western Serbia Investment - USD 114 mln Major Gas Projects Projects for some towns in Serbia are ready Investment - USD 130 mln 25 Retail & Marketing 2002 oil product sales mln t Number of petrol stations: 522 public 1600 internal (companies) 26

14 Reconstruction of petrol stations Distribution Projects EU standards and requirements Business automation Investment USD 54 mln 27 New petrol stations Distribution Projects Along the transit roads Investment USD 70 mln 28

15 Reconstruction of tank farms Distribution Projects Crude oil and oil product tank farms Novi Sad, Sombor, Smederevo, Prahovo, Niš, Bor, Požega Investment USD 73 mln 29 Total Investment by E&P Projects USD 140 mln 48 mln Gas Projects USD 775 mln 39 mln Rafinery Projects USD 385 mln 64 mln Retail Projects USD 195 mln 28 mln Total Investment - USD 1.5 bln 179 mln 30

16 Thank you for your patience 31