The American authorities have extended the license to the Serbian Oil Industry, and Minister Đedović Handanović is announcing additional measures to preserve the stability of the energy system.
The US Department of the Treasury's Office of Foreign Assets Control (OFAK - Office of Foreign Assets Control) issued a new operating license The oil industry of Serbia until April 17.
On March 12, the NIS company requested a new special license from OFAK, which will enable the company's operational activities to be carried out smoothly even after March 20, when the validity of the previous license issued on February 20 expires.
"As President Aleksandra Vučić hinted last night, good news arrived tonight from the USA. The extension of the license for almost a month is especially important at this moment when oil prices are jumping on the stock exchanges from day to day. The refinery in Pancevo continues to work and the supply of oil derivatives will remain reliable. Citizens should not worry," said Đedović Handanović.
The responsible minister pointed out that there were no shortages on the market despite the fact that NIS's operations were hampered for more than a year, as well as due to the fact that crude oil did not arrive in Serbia for almost 100 days.
"Now the situation is additionally complicated due to the conflict in the Middle East. All over the world, and especially in Europe, a series of measures are being taken to maintain a stable supply of oil. We have also reduced excise taxes by 20 percent and made a decision to release 40.000 tons of Eurodiesel from reserves, but we will also implement other measures to ensure energy," said the Minister of Mining and Energy.
On February 20, the Serbian oil industry received a new special license from the US Ministry of Finance, which enables the smooth performance of the company's operational activities until March 20, 2026.
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