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How much will MOL pay for NIS: Is a €1.4 billion price more likely than €1 billion

Negotiations over the sale of Serbia’s oil and gas company Naftna Industrija Srbije (NIS) have brought renewed attention to the valuation of the company...

UAE ADNOC as MOL minority partner enters EU oil market thru Serbian NIS

Hungarian energy major MOL Group and the Abu Dhabi National Oil Company (ADNOC) are actively involved in negotiations that could reshape the energy landscape of Central and Southeastern Europe —...

End of the Gazpromneft era at Serbia’s NIS marks strategic energy shift

Serbia’s largest oil and fuel company, Naftna Industrija Srbije (NIS), entered a new chapter as Russian energy firm Gazpromneft confirmed on Monday that it has...

How MOL would use NIS to extend regional power — and what that means for Serbia’s economy

A MOL takeover of NIS would not be a narrow corporate transaction focused on improving one refinery’s balance sheet. It would be a strategic...

NIS remains the single most systemic variable in Serbia’s industrial outlook

Despite diversification efforts across manufacturing and services, Naftna industrija Srbije continues to function as the single most systemically important enterprise in the Serbian economy. Analysts increasingly...

Energy, oil and electricity in Serbia in 2025: Financial results, volumes and where cash was actually made

The split inside Serbia’s energy sector in 2025 was not just qualitative; it was measurable in revenues, margins, cash generation and balance-sheet behaviour. Oil...

How SEE’s refining map is being redrawn — and why Serbia’s future now depends on Pančevo and MOL

The oil refining landscape in Southeast Europe is one of the most strategically sensitive industrial systems in the region, because after electricity and natural...

Between Russia, Europe and reality: Serbia’s oil politics explained 

Serbia’s oil sector in 2025 lives inside one of the most geopolitically sensitive energy architectures in Europe. Unlike electricity, which Serbia partially controls through...

Beyond barrels and borders: How Serbia’s 2025 oil reality exposes dependence, leverage and the silent politics of energy

Oil rarely dominates Serbia’s public debate in the way electricity does. Power outages, hydropower droughts, EPS controversies and regional electricity prices tend to attract...

When one refinery stops, an entire economy listens: Serbia’s oil risk moment

A refinery shutdown is never just an industrial event. It reverberates through national confidence, energy security strategy, pricing stability, and geopolitical awareness. The temporary...

U.S. denies license for NIS, fuel market faces uncertainty in Serbia

Washington has denied Serbia’s request for a license allowing Naftna Industrija Srbije (NIS) to continue operations while negotiations over a change of ownership are...

President said U.S. sanctions on Serbian Oil Industry expected, NIS supply will remain secure

Serbian President Aleksandar Vučić stated that the United States is expected to impose sanctions on the Serbian Oil Industry (NIS), as he doubts that...

U.S. sanctions on NIS could impact Serbia’s budget and fuel market

The Serbian oil company NIS (Naftna Industrija Srbije) may soon face U.S. sanctions due to Russian ownership, potentially creating challenges for both consumers and...

Janaf considers purchasing Russian stake in NIS amid growing oil transport partnership

Janaf, Croatia's oil pipeline company, is reportedly considering purchasing the Russian stake in the Serbian Oil Industry (NIS). According to Janaf’s CEO, Šušnjar, this...
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