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Neste Jacobs to Perform Consultant Services for INA Residue Upgrade Program in Croatia

ESPOO, Finland, July 7, 2015 (GLOBE NEWSWIRE) -- Technology, engineering and project management company Neste Jacobs and INA- Industrija nafte, d.d. (INA) have signed an agreement, where Neste Jacobs will perform consultant services in INA Residue Upgrade Program.

INA intends to upgrade its Rijeka Refinery by means of implementing a residue upgrade program that consists of installation of a delayed coker unit for residue conversion, the required off-sites and coke port & handling system to convert heavy residue into high value products such as LPG, Gasoline and Diesel.

Neste Jacobs has formed and mobilized a team of Consultants to support INA in project development and procurement process of the Residue Upgrade Program. Consultant services focus on areas of project management, project control, project information management, project quality, and procurement of FEED and EPC services. Neste Jacobs' team will work as a part of integrated Project Management team closely together with INA.

"We want to thank INA for their trust in choosing us as a consultant services provider for their Residue Upgrade Program", says Jarmo Suominen, CEO of Neste Jacobs. "This project now awarded to us is a natural continuation to our chain of Project Management Consultancy projects, which we have provided to our customers with excellent results."

"As a company with a solid hands-on experience in handling large industrial projects and broad expertise in complex technology projects, Neste Jacobs was selected by INA for the consultancy services for our Residue Upgrade project," stated Mr Bengt Oldsberg, INA's Executive Director for Refining and Marketing. He added that contract with Neste Jacobs is another step in the process of the upgrade of Rijeka Refinery, which demonstrates INA's commitment to investments that are able to secure long-term and sustainable development of the Company.

For more information:

Jarmo Suominen, CEO, Neste Jacobs Oy, tel. +358 50 458 3399
INA PR, tel: +385 1 6450 552 @: pr@ina.hr

Neste Jacobs is a preferred solution provider of high-quality technology, engineering and project services for a wide range of industries in the fields of oil and gas, petrochemicals, chemicals, biorefining, biochemicals, biopharma and industrial infrastructure. We have 60 years of experience in technology development and industrial investment projects as well as maintenance and performance improvement in Europe, North and South America, Asia and the Middle East. In addition to our home market Nordic countries we are looking to grow in the global expanding markets. We employ 1300 professionals globally. www.nestejacobs.com

INA Group has the lead role in oil business in Croatia and plays a major part in oil and gas exploration, oil refining and distribution of oil and oil derivatives in the region. INA Group is made of a number of affiliates fully or partially owned by INA d.d. The Group is seated in Zagreb, Croatia. Apart from Croatia, INA today has upstream projects in Angola and Egypt. Oil refining is done in INA's refineries in Rijeka and Sisak, while its retail network consists of 442 petrol stations in Croatia and the region.

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Source:Neste Oil Corporation