Serbia’s oil and gas company Naftna Industrija Srbije (NIS), a subsidiary of Gazprom, has signed a memorandum of scientific and technological cooperation with China’s Sinopec Petroleum Engineering Corporation, part of one of the world’s largest oil and gas companies. This agreement, formalized during a recent visit from a Chinese delegation, focuses on collaboration in green energy and carbon capture, utilization, and storage (CCUS) projects.
The partnership aims to explore renewable energy sources, CCUS technologies, low-carbon hydrogen production, and geothermal and solar energy initiatives. Both companies are committed to advancing sustainability in the energy sector through innovative technologies, promoting energy transition, decarbonization, and enhanced environmental protection.
During the visit, representatives discussed potential collaborative projects, particularly a carbon capture initiative and the production of blue hydrogen at the Pančevo Oil Refinery. The memorandum was signed in Belgrade by key executives: Andrei Shoshin, NIS’s Deputy CEO and Director of Exploration and Production; Leonid Stulov, CEO of NTC; and Zhang Jien, Chief Energy Saving and Environmental Protection Expert at Sinopec Petroleum Engineering.
The event also included notable attendees such as Kirill Tyurdenev, NIS CEO; Xi Zhiguo, President of Sinopec Petroleum Engineering and Construction Corporation; Sun Yenan from the Sinopec Group; and Vladimir Gagić, Director of NIS’s processing department, along with other representatives from Sinopec subsidiaries poised to engage in joint initiatives.
