Oil industry of Serbia

The oil industry of Serbia

04.June 2026 KS

Ranko Mimović sent Gazprom an irrevocable offer for the purchase of NIS

Mimović states that he informed the President of Serbia Aleksandar Vučić and the Minister of Energy Dubravka Đedović Handanović about the intention of the purchase.

The oil industry of Serbia

03.June 2026 KS

Đedović Handanović: MOL asked OFAK to extend the deadline regarding NIS

Before the deadline for negotiations on the future of NIS, the Hungarian MOL requested its extension

NIS

22.May 2026. MLJ

The deadline for the sale of NIS expires: What are plans A, B and C

Today (Friday, May 22) is the deadline given by the American OFAK to MOL to buy the Serbian Oil Industry. Experts have long mentioned breaking through and extending this deadline due to complex sales and numerous problems, and the state and option B and C

NIS

20.May 2026. KS

Waiting for MOL's answer: The negotiations are not going well, says Vučić

On Friday, May 22, the deadline set by the Americans for the agreement on the sale of shares in NIS expires. Serbian President Aleksandar Vučić now says that negotiations with MOL are not going well

NIS

15.May 2026. Marija L. Jankovic

Who gives the final word on the fate of NIS: Americans, Russians, Vučić, MOL or Serbian businessmen?

Who is the most important party in the negotiations regarding the Oil Industry of Serbia? Is Belgrade really wondering about the refinery or is it "media aggression"?

The oil industry of Serbia

13.May 2026. B. B.

Tabaković on ownership of NIS: Love for love, but cheese for money

The state leadership is struggling to realize its ownership right and to help change ownership that would not jeopardize the further work of NIS, says NBS Governor Jorgovanka Tabaković.

NIS

28.April 2026. Marija L. Jankovic

MOL is late with the plan to buy NIS, even though it has signed a binding agreement

The Hungarian MOL says that discussions on the purchase of NIS are ongoing and "in accordance with the signed framework agreement". Is it really so?

NIS

13.April 2026. Marija L. Jankovic

The fate of NIS after the change of government in Hungary: Moscow does not trust Peter Magyar

Does something change for NIS after Viktor Orbán's defeat? Will the new Hungarian government even want MOL to buy the Russian share in the Oil Industry of Serbia? Will the Russians agree to give it to someone other than Orban? And does America trust Peter Magyar?

Sanctions to NIS

09.April 2026. KS

NIS submitted a new license request to OFAK

A little more than a week is left until the expiration of the existing license that NIS received from OFAK, and now a new request for its extension has been submitted

Petroleum industry of Serbia

13.February 2026. KS

NIS submitted an application to OFAC for a new license

Before the old one expired, NIS requested a new operating license from OFAC

The oil industry of Serbia

04.February 2026. MLJ

Giant in the red: How long will NIS need to recover

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

The oil industry of Serbia

25.January 2026 MLJ

What is known so far about the sale of NIS

The buyer of the Serbian Oil Industry (NIS) will be a joint venture between MOL and ADNOC, in the structure of which the Hungarian company would be the majority and controlling owner, while the partner from the UAE would be a minority shareholder.

The oil industry of Serbia

24.January 2026 KS

Mali: Contract for NIS until March 20

The final contract between Gazpromneft and MOL regarding the Serbian Oil Industry should be signed by March 20, announced Finance Minister Siniša Mali

The oil industry of Serbia

23.January 2026 B. B.

NIS license extended until February 20

In a letter to the Serbian Ministry of Finance, OFAC stated the conditions under which the operational license for the Serbian Oil Industry is valid

Personal attitude

16.January 2026 Dr. Goran Djukic

Stretching with NIS: Rolling towards the bottom of the energy abyss

The marketing ultimatum that Aleksandar Vučić gave to Russia to get out of ownership in NIS has expired. Serbia is still passively waiting for others to decide the fate of its energy future. And there is a solution

Sale of NIS

15.January 2026 Igor Lasic (DW)

Concentration of market power: Croatia does not have a good experience with MOL

Hungary's MOL, which is seen as the new majority owner of NIS, has a majority stake in the Croatian oil company INA. Why does Croatia have a bad experience with MOL?

NIS

14.January 2026 B. B.

New economy: What will NIS do to MOL, when it has three refineries and over 2.400 gas stations?

MOL produces 92.000 barrels of oil and gas daily in its three refineries and has reserves estimated at 348 million barrels. In addition, it owns 2.400 gas stations. Then why does the Hungarian company also want NIS

Minister of Mining and Energy Dubravka Đedović Handanović

Naphtha

12.January 2026 B. B.

Đedović Handanović: From midnight, oil from JANAF leaves for the refinery in Pančevo

"The refinery in Pancevo will start operating around January 16, in any case before the end of the week," says Minister of Mining and Energy Dubravka Đedović Handanović

The oil industry of Serbia

09.January 2026 RV

NIS agreed to deliver crude oil to the Pancevo Refinery

In accordance with the dynamics of deliveries, it is stated in the announcement, NIS is planning the start of start-up activities at the Pancevo Oil Refinery, and new deliveries of crude oil have also been announced.

Elections

07.January 2026 B. B.

Vučić announces parliamentary elections for October, November or December

The President of Serbia, Aleksandar Vučić, pointed out that it is important for the people of Serbia that peace and stability be preserved - and that we "unite"

The building of the Oil Industry of Serbia

NIS

02.January 2026 B. B.

The short-term importance of extending the license to NIS

The entry of MOL into the ownership structure of NIS would mean a change in strategic orientation for NIS and a potential weakening of the integrated model, according to assistant professor at the Faculty of Economics Dr. Veljko M. Mijušković

The oil industry of Serbia

01.January 2026 KS

Is MOL buying NIS?

There have been rumors for some time that MOL might buy NIS, and now the President of Serbia, Aleksandar Vučić, has indirectly confirmed such information.

The oil industry of Serbia

01.January 2026 KS

NIS: Restarting the Refinery in Pancevo

The extended license obtained by NIS enabled the performance of operational activities and the restart of the Refinery in Pancevo

NIS

31.December 2025 B. B.

The United States extended the license to work for the Serbian Oil Industry

The administration in Washington extended the operational license for the work of the Serbian Oil Industry (NIS) until January 23

The oil industry of Serbia

30.December 2025 Marija L. Jankovic

Taking over or selling NIS: What will happen on January 15

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?

Sanctions to NIS

19.December 2025 KS

Putin: NIS is the main taxpayer in the Serbian budget, we hope for a joint solution

The fate of NIS is still unknown. While the Serbian president announces tripartite talks next week, the Russian president says he hopes for a joint solution

Perfect energy storm

11.December 2025 Radmilo Marković

The unbearable lightness of irresponsibility

At the end of 2025, thanks to the government's complete lack of interest in solving problems, Serbia found itself in a triple energy problem - it is not known how the saga with the Serbian Oil Industry will be resolved, it is not known where Serbia will buy gas in the future, and the Electric Power Company of Serbia is not doing well either.