The management of the Russian company "Zarubezhneft" organized today a presentation of its business plans to the delegation of the Republic of Srpska led by Prime Minister Radovan Višković in Moscow in its business premises. The plans include the activities of this company in Republic of Srpska, primarily Oil Refineries in Brod and Modriča and refer to further development of the sales network and continuation of their business in Republic of Srpska.

"Zarubezhneft" is planning further development of compressed gas production and construction of a gas plant in Brod as well as construction of a solar power plant in Modrica, for which a Memorandum of Cooperation was recently signed with the Government.

Prime Minister Višković pointed out that cooperation with this company has been good and expressed satisfaction with the announcement of the expansion of its business activities in Republic of Srpska.

"We saw firsthand what kind of company they are and what their capacities are worldwide. They presented us with the way they see the production and presented us with plans for future investments. I am glad that the Republika Srpska is also in their business development plans", Višković pointed out.

Minister of Energy and Mining Petar Đokić pointed out that the Republic of Srpska is determined to continue successful cooperating with the company "Zarubezhneft" which will have maximum support from the institutions of the Republic of Srpska for implementation of new projects.

He added that cooperation with "Zarubezhneft" has always been at high level and should remain at that level.

The director of "Power Company of Republic of Srpska" Luka Petrović also attended the meeting.

Russian state owned company "Zarubezhneft" operates in Republic of Srpska since 2007, when it privatized the oil industry companies of the Republic of Srpska. They now operate under the trademark NESTRO which includes the companies "Optima Group" Banja Luka, "Oil Refinery" Brod, "Oil Refinery" Modriča and "Nestro Petrol" Banja Luka.