The comprehensive refinery profile for NIS Oil Refinery Pančevo has been successfully updated in the ppPLUS database, incorporating the latest operational specifications and process unit details. The facility currently operates with a maximum annual design capacity of 4.8 million tonnes of crude oil, making it capable of processing approximately 14,660 tonnes per day. The refinery reached its current maximum capacity following the modernization programs completed between 2009 and 2020.

NIS invested over €547 million in the first phase of modernization, completed in November 2012. This phase centered around the construction of a Mild Hydrocracking and Distillate Hydrotreating (MHC/DHT) complex that enabled the production of Euro 5-standard fuels. The second phase involved the construction of a Bottom-of-the-Barrel (BOTB) complex featuring delayed coking technology, completed in November 2020 at a cost exceeding €300 million.

As of October 2025, the Pančevo refinery faces significant operational challenges due to US sanctions on NIS's Russian ownership. The Croatian pipeline operator JANAF has cut off crude oil deliveries, potentially limiting refinery operations beyond November 2025 without alternative supply arrangements.

Despite these challenges, the Pančevo refinery remains Serbia's sole oil refining facility and continues to represent one of the most technologically advanced and environmentally compliant refineries in the Balkan region.

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