The oil industry of Serbia ended the first six months of 2026 with a significantly better result than last year. It sold 29 percent less aviation fuel due to the introduction of sanctions, according to the report. The number of employees was reduced by 400
Two companies of Zvonka Veselinović received permits for stone exploitation and terrain exploration in the vicinity of Sjenica, near the planned route of the highway to Montenegro, despite US sanctions
At the last minute, the US Office of Foreign Assets Control (OFAC) extended the license to NIS again, but only for one month.
How long will it take for NIS to recover from the shutdown at the Refinery, but also from Petrohemija's even longer inactivity? This company especially contributed to the giant's 2025 ending in the first red since it was taken over by the Russians, excluding the crown
MOL Group signed a binding framework agreement with Gazprom Neft on the purchase of a 56,15 percent stake in the Serbian Oil Industry, whereby the Hungarian company would take over management rights over the only refinery in Serbia.
Step by step, some solution for NIS is emerging. The main customer is MOL, which insists on a majority share. An interstate agreement between Serbia and Hungary is also being prepared
What will happen on January 15, if the Russians do not sell NIS by then? Will the state buy it? Or forcibly nationalize? Or something else?
Government representatives have repeatedly announced that the Pančevo Oil Refinery will stop if the Americans do not extend the operating license to NIS, which is under sanctions. Today, I guess, is really the final day of D
The state of Serbia does not seem to be angry with America because it did not meet the imaginary deadline given by Aleksandar Vučić through the media to respond about the extension of the license for NIS. They say - they had holidays
The President of Serbia, Aleksandar Vučić, will take the Prime Minister of Hungary, Vikotor Oban, to a burek at Mićko's, then to wine - to discuss the sale of NIS. Is the Hungarian MOL a good buyer of the Russian share in the oil industry?
Donald Trump finally twisted Aleksandar Vučić's hand to the point of shooting, so the progressive regime in front of the Russophile electorate creates an alibi for itself to expel the Russians from the NIS - if not by grace, then by force
The US Senate will propose a bill that would impose high secondary sanctions on Russia's trading partners, said Senator Lindsey Graham. What do these sanctions mean and who will they affect?
Although Bulgaria did not formally nationalize Lukoil, it established state control over operations through a special administrator. Parliament voted this decision after stormy discussions and it cannot be challenged in court
"Citizens must not suffer and remain without fuel" — said Dubravka Đedović Handanović, announcing that the Russian owners of NIS are ready to hand over control of the company to a third party. Serbia supported that request, and is now waiting for a decision from the American OFAC
The Office of Foreign Assets Control (OFAC) has published an updated SDN list that no longer lists Republika Srpska President Milorad Dodik, members of his family and numerous related companies. In addition to them, important officials of the entity were also deleted from the list.
"The only solution for Serbia's energy stability - in the context of US sanctions on the Serbian oil industry - is the nationalization of this company or the forced takeover of its management. Vučić's government avoids this and in this way subordinates the interests of the citizens of Serbia to Russia. By the way, our country has the most expensive oil derivatives in the region due to Nisa's extremely monopolistic position on the market, and the consequences of the sanctions will most likely be additional price increases", are the accents from the conversation with Vasko Kelić, researcher at the Center for Economic Research of the Institute of Social Sciences and councilor of the Green-Left Front in the Belgrade municipality of Stari Grad
The blow to the stomach of the citizens that follows the US sanctions on NIS is a consequence of the inability of the master of bubbles and the ignorance of Aleksandar Vučić to understand what politics really is
Attempts for the state of Serbia to nationalize NIS, for two people close to the regime to buy the Russian share in NIS, for some Western oil company or investment fund to enter the ownership structure instead of the Russians failed. Who is now, as the only remaining solution acceptable to the authorities, rapidly registering a fleet of river tankers for the transportation of crude oil from the MOL warehouse in Hungary to the NIS refineries in Pancevo? What does it bring? Why did Serbia not decide on the bankruptcy of NIS
When the flow of oil stops, Serbia will try to procure it with the river fleet from Hungary, writes "Vreme" in its new issue.
Sanctions against NIS were postponed again for 30 days, until August 27.
The Serbian oil company NIS is struggling to get oil from traders abroad. In Serbia, its former clients are looking for alternative fuel suppliers because US sanctions pending activation have already affected business, sources familiar with the situation told Reuters.
Dušan Bajatović, director of "Srbijagas" stated that Serbia has only two options for solving the problem of sanctions in the Serbian Oil Industry
The director of Srbijagas, Dušan Bajatović, confirmed that tonight the final talks between the law offices representing the Serbian Oil Industry and the American offices of OFAC will be held.
On February 19, the employees of the Oil Industry of Serbia will be paid their salary - in advance. Because banks then stop doing business with NIS due to American sanctions
Numerous closed-door meetings are underway, and the question is whether any of them will produce a solution to the US sanctions against the NIS, which are set to take effect on February 25. What was the outcome of the meeting between Sergej Lavrov and Marko Đurić
US President Joe Biden expanded the scope of sanctions due to the "destabilization" of the Western Balkans. What do the changes that include adult children of sanctioned persons provide for?
Serbia receives only 23 percent of its oil from domestic sources, so the biggest question is whether the Croatian oil pipeline, through which 90 percent of this energy reaches Serbia, will follow the potential sanctions of America
