NIS Archives - Doing Business in Serbia - Serbia business country gateway, companies industry sectors

Former energy official hopeful OFAC will approve NIS license extension to keep Pančevo refinery operating normally

November 12, 2025

Former Assistant Minister of Energy for Oil and Gas Raša Kojčić expressed hope that the U.S. Office of Foreign Assets Control (OFAC) will issue...

Serbia and Russian owners of NIS seek OFAC approval for license extension and possible management restructuring

November 11, 2025

The Russian owners of Naftna Industrija Srbije (NIS) have submitted a request to the U.S. Office of Foreign Assets Control (OFAC) seeking an extension...

Experts warn of possible fuel price increase in Serbia after November 25

November 9, 2025

Experts have warned that fuel prices in Serbia could rise once crude oil reserves at the NIS refinery in Pančevo are depleted on November...

Gunvor withdraws from Lukoil deal as U.S. blocks approval; experts warn of possible impact on NIS and fuel prices in Serbia

November 8, 2025

The withdrawal of the company Gunvor from the purchase of Lukoil’s international assets will not disrupt the supply of petroleum products in Serbia, though...

One month after U.S. sanctions on NIS: Serbia ensures energy stability amid regional supply uncertainty

November 6, 2025

This week marks one month since the U.S. sanctions against Serbia’s oil company NIS came into effect. The situation in Europe has become more...

Serbia could take over NIS if Russia declines to sell

November 1, 2025

Former Minister of Mining and Energy Zorana Mihajlović stated that if there were at least some agreement and the Russian side were ready to...

NBS dismisses claims of sanctions over Dina card payments at NIS stations

October 30, 2025

The National Bank of Serbia (NBS) responded to claims that using Dina cards for payments at NIS gas stations could lead to sanctions against...

NIS reports Q3 loss amid U.S. sanctions and lower oil prices, maintains market stability

October 30, 2025

The Petroleum Industry of Serbia (NIS) reported a net loss of 0.3 billion dinars for the first nine months of 2025, while its earnings...

Tag: NIS

"It is more important to reach the people that count than to count the people you reach."

Company

Follow Us