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. Last Updated: 07/27/2016

Zarubezhneft, NIS in Bosnia

LJUBLJANA, Slovenia — Naftna Industrija Srbije, or NIS, formed a venture with Zarubezhneft to explore and produce oil in the Serbian part of Bosnia and Herzegovina, the Serbian company said Friday.

Preliminary estimates indicate that there are 50 million tons of oil in Republika Srpska, NIS said.