Zarubezhneft
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One Dead After Explosion in Bosnian Oil Refinery
One worker died and six others were taken to hospital for treatment after an explosion on Tuesday in the oil refinery in the town of Brod, in the north of Bosnia's mainly Serb entity, Republika Srpska. The explosion occurred in the petroleum processing facility at around 9:30pm local time and the cause is still unknown.
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Explosion Shakes Bosnian Refinery
The explosion occurred around 9:30 pm local time at the Russian-owned refinery in the northern Bosnian town of Brod, the local authorities announced on Tuesday night.
According to Brod's mayor Ilija Jovicic, several workers were injured in the event but are not in danger. The explosion was followed by a huge fire that firefighters are trying to contain.
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Russia Investors Lose Money in Bosnia
Over the last two years, Russian investors have recorded losses of 52 millions of euros, mostly connected with the oil industry in Republika Srpska, Bosnia's Serb-dominated entity, data from Bosnia's Foreign Investment Promotion Agency show.
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Turkey's Unit International, Russia's Zarubezhneft and Iran's Ghadir sign $7 bln drilling deal
Turkey's Unit International has signed a $7 billion agreement with Russia's state-owned Zarubezhneft and Iran's Ghadir Investment Holding to drill for oil and natural gas in Iran, the company said on Aug. 15.
Iran sees gas deal with Total within weeks: Minister
Iran expects to sign a long-delayed gas deal with French oil major Total in the next few weeks, Iranian Oil Minister Bijan Zanganeh was quoted as saying on June 17.
Ailing Bosnian Oil Firm Flogs Assets to Raise Cash
Optima Group, the leading oil company in Bosnia's Serb-dominated entity of Republika Srpska, has started selling its assets in an apparent attempt to deal with growing indebtedness, raising fears that the Russian investor is preparing to bail out.
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Oil Probe Draws Blank in Bosnian Serb Entity
Oil deposits have been discovered in the northern part of Republika Srpska, RS, but the quantities appear insufficient for profitable exploration, the entity Minister of Industry, Energy and Mining, Petar Djokic, told the media.
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