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MOL takes over NIS: What Hungarians will do differently from Russians

January 21, 2026

Hungary’s MOL Group is prepared to take majority ownership of Naftna industrija Srbije (NIS) after reaching an agreement with the current Russian owners, but...

Serbia may let NIS fail, leaving a dysfunctional entity for Gazprom

December 1, 2025

The future of the Serbian Oil Industry (NIS) appears to be heading in a direction few are acknowledging. Vladan Pavlović, an analyst at IPOPEMA...

U.S. sanctions on Serbian Oil Industry highlight risks of privatization and energy dependence

September 30, 2025

Since January 10, when the U.S. first announced sanctions on the Serbian Oil Industry (NIS) due to Gazprom Neft’s majority ownership, the case has...

Gazprom share transfer to subsidiary leaves Serbian oil company ownership unchanged

September 25, 2025

The transfer of Gazprom’s shares to its subsidiary Intelligence does not change the actual ownership structure of the Petroleum Industry of Serbia (NIS), economists...

Serbia to extend gas supply agreement with Russia – no price hike for households

September 23, 2025

A new long-term gas agreement with Russian company Gazprom is set to be signed next month, extending the current contract for Russian gas supply...

Gazprom transfers 11.3% of NIS shares to subsidiary amid U.S. sanctions uncertainty

September 22, 2025

Russian company Gazprom has transferred 11.3% of its shares in Serbia’s Naftna Industrija Srbije (NIS) to its wholly-owned subsidiary, Intelligence, based in Saint Petersburg....

Serbia seeks new long-term gas supply deal with Gazprom, explores peaceful nuclear energy cooperation with Russia

August 13, 2025

Minister of Mining and Energy, Dubravka Đedović Handanović, held talks with the Russian Ambassador to Serbia, Alexander Botsan-Kharchenko, focusing on joint projects and initiatives...

Russian gas supply to Serbia delayed amid political pressure and diversification efforts

June 12, 2025

Diplomatic sources reveal that the signing of the long-term gas contract between Srbijagas and Gazprom has been delayed for four months, reportedly conditioned on...

Serbia to sign new gas agreement with Russia by, securing 2.5 billion cubic meters annually

May 18, 2025

Dušan Bajatović, General Director of Srbijagas, announced that Serbia will finalize a new gas contract with Russia by May 31, increasing supplies to 2.5...

U.S. delays sanctions on NIS for 30 days, offering Serbia time to seek resolution

February 27, 2025

The U.S. has postponed sanctions against Serbia’s NIS (National Oil Industry) for 30 days, with the new deadline set for March 28. The delay...

Gazprom transfers stake in NIS to avoid US sanctions

February 26, 2025

The Belgrade Stock Exchange announced that the ownership structure of the Oil Industry of Serbia (NIS) has been modified. Russian Gazprom Neft transferred around...

Serbia’s shift in energy strategy: Balancing relations with Russia and Western influence

January 28, 2025

While the Washington Agreement signed in September and the Brussels Declaration from December may seem like standard documents from international meetings, their combined content...

U.S. sanctions on Serbia’s NIS: Potential impact on oil supply, economy and ownership solutions

December 17, 2024

The introduction of U.S. sanctions on Serbia’s Oil Industry (NIS), majority-owned by Russian companies Gazprom Neft and Gazprom, has not been officially confirmed. Serbian...

Serbia faces challenges with NIS ownership amid US sanctions on Russian stake

December 16, 2024

Two years ago, Serbian President Aleksandar Vučić hinted at the possibility of Serbia taking control of the oil company NIS to shield itself from...