At the last minute, the US Office of Foreign Assets Control (OFAC) extended the license to NIS again, but only for one month.
This time everything happened in silence, almost imperceptibly. The President of Serbia, Aleksandar Vučić, did not have any high-profile media performances. he didn't cause panic, gave those who do not pay attention to him some kind imaginary deadlines, did not underline his greatness, thanks to which Serbia will somehow get out of the energy crisis that is hovering over its head.
Without any apocalyptic scenarios of the Serbian media, this time, according to RTS, the US Office for Foreign Assets Control (OFAC) extended the operating license of the Oil Industry of Serbia (NIS), which expired on February 20 at midnight, to March 20, 2026.
Minister of Energy Dubravka Đedović Handanović confirmed that the license has been extended and assessed that it is good news for the citizens of Serbia, reports RTS. The information about the extension of the license was also confirmed by NIS.
"Good news for the citizens of Serbia, the operating license of the Oil Industry of Serbia has been extended until March 20. NIS can continue to deliver crude oil, process it at the refinery in Pancevo and continue regularly supplying the market with oil derivatives," said Đedović Handanović.
She informed the public that she will talk with the Russian side, as well as that she will be in Washington next week, where diplomatic efforts to overcome American sanctions on the Serbian oil industry are continuing.
"Negotiations between Gazpromneft and MOL, in which we are also involved, continue. "Next week, we will have intensive negotiations on matters that are important for our country in order to improve our position and ensure that in the future we have the greatest possible benefits from the NIS," said the minister, as reported by RTS.
The news that the license to work at NIS was extended for only one month indicates that the American side is not letting up the pressure for the Russians to exit the ownership of the oil company in Serbia, and that the final agreement has not yet been reached. Hungarian MOL was seen as the new majority owner.
The state currently has no money for the second installment of subsidies per hectare, announced the Minister of Agriculture in the technical mandate, Dragan Glamočić. Farmers were waiting for the promised help before the autumn sowing, while agro-economic analysts warn that the government's technical mandate does not release the state from its obligations.
The leakage of half a million liters of oil near Sisak stopped the transport of Janaf, on which the supply of the Refinery in Pancevo depends. NIS has requested access to state reserves, and experts warn that a longer interruption could stop production at the Refinery
The import of fossil fuels has cost Serbia more than 57 billion dollars in the past two decades, with a high price for the environment and the health of citizens. The energy transition is expensive, but its delay seems to be even more expensive
Due to damage to the pipeline on the Adriatic pipeline, crude oil transport to Serbia has been suspended, and the Pancevo Refinery is adjusting the volume of processing. NIS also requested diesel from operational reserves
Citizens could face new price increases in the coming months, partly due to the consequences of last year's administrative restriction of prices and trade margins.
At the moment when the institutions of the Republic are destroyed, when Vučić's octopus is still alive, when people are disgusted by the injustice and the stench left behind by the Essenes regime, we have, as Machiavelli said, only civic virtue as the fuel with which we can return to the beginning
The four independent members of REM are an example of perseverance and civic responsibility. Rodoljub Šabić even, upon leaving the premises of REM, after the sentencing of the Informer, experienced that the Essenes insulted him, hit him with their hands and feet. But that too will soon be over
Vučić pardoned the batterers and Dijana Hrkalović. The election winners should abolish the sultan's power that allows one man to run afoul of the entire judicial system
Interview: Branko Stamenković, public prosecutor of the Supreme Public Prosecutor's Office
A black picture and the breakdown of the rule of law subscribeThe archive of the weekly Vreme includes all our digital editions, since the very beginning of our work. All issues can be downloaded in PDF format, by purchasing the digital edition, or you can read all available texts from the selected issue.
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