IENE Welcomes Three New Corporate Members

IENE welcomes its three newest corporate members. These include NIS Gazprom Neft, Serbia’s leading national refining company, the Greek branch of URS Corp., an international engineering, construction, and technical services provider, and EnSCo SA (Hellas), the fully-owned subsidiary of the Swiss-based energy commodity trader EnSCo AG.

NIS (www.nis.eu) is one of the largest vertically integrated energy companies in Southeast Europe. Its basic business activities include exploration, production and processing of crude oil and gas, sale of a broad range of petroleum products, as well as the realization of a wide variety of energy projects.

NIS has two refineries, one in Pančevo and the other in Novi Sad, as well as a network of petrol stations in Serbia and in neighboring countries. In line with its strategy to become a leader in the region, NIS has expanded its operation into the regional market: Bosnia and Herzegovina, Hungary, Romania and Bulgaria. In addition to the renewed and modernized NIS Petrol mass consumption brand, NIS is also expanding its Gazprom premium brand.

Today, NIS is one of the most successful companies and a major contributor to the national budget in Serbia. Russian company Gazprom Neft owns 56.15 % of the share capital of NIS, while 29.87 % of NIS shares are held by the Republic of Serbia. NIS shares are listed on the Belgrade Stock Exchange.

URS Corporation (www.urs.com), based in San Francisco, California, USA, is a global services provider with the scale and experience required to meet today’s most demanding engineering, construction and technical challenges. The company is a leading provider of engineering, construction, and technical services for public agencies and private sector companies around the world.

More specifically, URS Corporation is a fully integrated engineering, construction and technical services organization with the capabilities to support every stage of the project life cycle. It offers programme management; planning, design and engineering; systems engineering and technical assistance; information technology; construction and construction management; operations and maintenance; and decommissioning and closure services. Through its network of offices in nearly 50 countries, URS Corporation provides services to a broad range of clients, including U.S. federal government agencies, national governments of other countries, state and local government agencies in the United States and internationally, and private sector clients worldwide. Its work is focused in five key market sectors: Federal, Oil and Gas, Infrastructure, Power and Industrial.

Its Greece operations include project and construction management services for large infrastructure clients. Through its operations in Greece, clients of URS Corporation benefit from access to the broad and diverse expertise of the global corporation, as well as from its local employees’ understanding of the drivers and challenges specific to the Greece market.

EnSCo AG (www.ensco.eu) is an agile energy commodity trader active in the wholesale power markets of Central and Southeastern Europe (C/SEE) and the European environmental markets, bringing together highly skilled professionals with many years of experience in the sector.

EnSCo AG was established by energy market professionals and is participating in the major wholesale power markets in C/SEE. EnSCo’s initial stage of development was completed during 2013 when all necessary trading licenses were obtained and registration to the relevant power exchange markets took place. Furthermore, an operational centre was established in Greece to serve all EnSCo energy trade activities in C/SEE.

Through its own and its partners' networks EnSCo AG has uninhibited access to all the electricity transmission systems in the region. The company can deliver power to more than 25 borders and provide access to 7 power exchanges. It actively monitors and analyzes physical power flows, cross-border transmission capacities and market fundamentals in order to optimize its portfolio and that of its customers.