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BELGRADE -- The Serbian oil producing and processing industry (NIS) sustained the worst damage in NATO's March 24-June 10 air strikes on Yugoslavia.
Direct damage is put at 1.1 billion dollars, while indirect damage is much greater, according to NIS Board of Directors Chairman Zivko Soklovacki, opening the 4th Fair of Oil and Gas in Belgrade on Tuesday.
Soklovacki said that NIS had managed during the aggression to put away and save from destruction about 100,000 tonnes of derivatives valued at 100 million dollars, which made it possible to meet some of the demand during the brutal air strikes.
He went on to say that all of NIS's various facilities were damaged, the gas and oil production facilities the least, and the refineries the most, and the aggression ended with the bombing of the oil refineries in Belgrade and Novi Sad.
Huge damage has been done also to the trading network, as major depots and installations have been destroyed and the gas pipeline from Novi Sad to Beocin via the Zezelj Bridge has been cut.
Soklovacki said that the pipeline will be restored by the end of the week, this time on the Danube's bed.
He said that the Novi Sad refinery resumed production two weeks ago, producing 1,200 tonnes a day. The Pancevo refinery is expected to follow suit by the end of the month, raising the total output to 7,000 tonnes a day.
The Fair closes on Sept. 11.