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

Serbia ready to buy NIS if needed, but oil industry must keep operating

November 17, 2025

Srbijagas Director Dušan Bajatović said that Serbia will support any proposal put forward by the Russian side regarding the future of NIS — whether...

Serbia’s oil industry seeks new suspension of US sanctions on NIS

August 22, 2025

Serbia’s oil sector has submitted a request to the US Treasury Department’s Office of Foreign Assets Control (OFAC) for another suspension of sanctions, the...

Russia seeks urgent consultations with Serbia over US sanctions on oil industry

January 14, 2025

Russia is in ongoing communication with Serbia and has requested urgent consultations regarding the situation following US sanctions on the Serbian oil industry, which...

US sanctions on Serbian oil industry raise uncertainty over NIS ownership and future

January 9, 2025

American sanctions on Serbia’s oil industry, due to majority Russian ownership of NIS, have raised concerns about the company’s future. NIS’s largest shareholder is...

Serbia’s oil industry faces sanctions threat, potential regional impact on Croatia and Bosnia and Herzegovina

December 22, 2024

The looming US sanctions against Serbia's Oil Industry (NIS), which is majority-owned by Russian companies Gazpromneft and Gazprom, could have far-reaching consequences not only...

Big drop in profits of corporations that make up the Belex15 index basket in the first half of 2023.

October 9, 2023

The companies listed on the Belgrade Stock Exchange, which make up the Belex15 index basket in the first half of 2023, achieved significantly worse...

Serbia, NIS has prepared for the events after December 5 and has ensured security in the procurement of crude oil

December 5, 2022

The Oil Industry of Serbia (NIS) has prepared for the events after December 5 and has ensured security in the procurement of crude oil,...

Taking over majority control over the NIS is under consideration

November 6, 2022

Serbia is in a hurry to ease its energy dependence on Russia, because sanctions against Moscow are forcing Belgrade to make plans to weaken...