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PETROLEUM INDUSTRY OF SERBIA Nl5 JUGOPETROL, oil and derívales trade division with full liability, export - import, Belgrade Milentija Popovija 1, Yugoslavia Phone: 381 11/ 311 33 11 Telefax: 381 11/ 311 17 60 THE LEADER IN TRADE IN OIL AND OIL DERIVATIVES NIS (the acronym for Oil Industry of Serbia) JUGOPETROL, founded in 1947, has the Largest and the most extensive trading network in the Federal Republic of Yugoslavia. In 1966, NIS JUGOPETROL participated with 4,2 million tons of oil and oil derivatives in the aggregate sales, by which it has preserved the leading position in Yugoslavia which it has had since it was founded. The existing capacities enable annual sales up to 5 million tons. Oil dérivâtes are stored and shipped through five major installations in: BELGRADE SMEDEREVO PRAHOVO NIŠ POŽEGA The first three installations mentioned above, apart from using road-transport, can be supplied by water routes - along the Danube river. NIS JUGOPETROL also has, at BELGRADE Airport, a modernly equipped aircraft service station for fuelling of all types of aircraft. Apart from the Latest models of tanks and a modern storehouse, there is a laboratory for expert control of the quality of aircraft fuel. Also, NIS JUGOPETROL supplies with fuel the vessels on the river Danube in Belgrade, Smederevo, and Prahovo. Its extensive transport resources makes NIS JUGOPETROL one of the biggest transporters of oil derivatives in the Balkans. It consists of: » 180 tank trucks 290 tank wagons of a total capacity of 17,200 tons The retail network includes: 355 PUBLIC PETROL STATIONS distributed in the territory of the Republic of Serbia (Autonomous Province of Vojvodina excluded). The biggest number of them are located in Belgrade (104), along the motorway Belgrade - Ni{ (14); and along the arterial and district roads. They comprise the sales premises of some 8,000 m 2 for sale of oil and lubricants produced by all Local and major international manufactures, as well as consumer goods (car accessories, car care aids, foodstuffs, refreshing beverages). Petrol stations are equipped with modern technique for tanking and sale of fuel and rendering of auxiliary services (restaurants, garages, etc.) The trading network of NIS JUGOPETROL also includes IN EXCESS OF 1,200 INTERNAL PETROL STATIONS that enable supply‘of its big consumers. The whole network of storage and sales facilities is organised on the territorial principle so that, apart from the civilians, is successfully supplies MORE THAN 13,000 CUSTOMERS from all areas of economy and social services. NIS JUGOPETROL maintains intensive foreign trade relations with numerous partners world - wide the most significant of which are: SINOCHEM, China, VITOL, London, ROSNEFT, Russia, NEFTOCHIM, Bulgaria, HYATT REGENCY, USA, and MOL, Hungary. In London, NIS JUGOPETROL has a joint - venture YUSICO enterprise with SINOCHEM Company, and another joint - venture enterprise with Messrs. VITOL called EUROL, in Belgrade. The most important joint venture has been made with HYATT through construction of a de luxe category hotel in Belgrade where NIS JUGOPETROL's share in the total ownership amounts to 27 percent. Apart from its main activity, NIS JUGOPETROL is also engaged in the additional operations of: crude oil engineering, prospecting and investigation of crude oil, gas, geothermal energy, and oil shale in the south of the Danube river, and tourism through its FOLLOW ME Tourist Agency, In the beginning of 1997, NIS JUGOPETROL employed around 5,000 workers whose professionalism, working experience in oil industry and dedication to their work guarantee for high quality completion of all operations and full satisfaction and expectations of its business partners. ť 1 1 W r r 1 IЖI -i.