Transnafta builds storage for crude oil in Novi Sad - Project valued at EUR 4.5 million

Source: Wise broker Wednesday, 06.04.2016. 15:04
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As part of a consortium that includes two more companies, the production and assembly company Jedinstvo from Sevojno has won a contract for about EUR 4.5 million worth of project in Novi Sad.
Sevojno-based Jedinstvo, in a consortium with companies Tankmont from Belgrade and AG Institut from Novi Sad, and the Transnafta public company from Pancevo concluded a contract in late March on the construction of two 20,000 cubic meter storage tanks for crude oil at the terminal in Novi Sad.
The value of this contract is RSD 556 million (VAT included), and all the work is to be finished within one year of the project commencement date.
Jedinstvo's shares lost five percent in value in the first quarter of this year, dropping to RSD 4,849. With this share price, the company's market capitalization is at RSD 1.48 billion (about EUR 12 million).
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