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Energy transition in Serbia: Strategic plans for sustainable power generation

From the 1950s to the 1990s, the generations that built and worked laid down strong energy foundations, enabling us to avoid significant investments in...

MOL Group Achieves Robust Financial Performance in 2023

The Hungarian oil company operating in Serbia recorded a pre-tax profit of 1.936 billion dollars, a decrease of 36 percent compared to 2022, attributed...

Serbia Expands Energy Portfolio with Activation of 42 New Oil Wells

In Serbia, oil production is carried out at 870 oil wells and 69 gas wells in operation, employing various extraction methods. Additionally, in 2023,...

Derivatives Import Surges by 22% This Year, While Solar Power Output Triples Compared to 2023

According to the energy balance of Serbia, it has been determined that the total available energy in the year 2024 will amount to 17.057...

Is it Time to Reconsider the Regulation on Maximum Fuel Prices?

The regulation was adopted back in February 2022. The Secretary-General of the Association of Oil Companies of Serbia, Tomislav Mićović, says that measures such...

NIS Business Operations 2023: A Close Look at Nearly 40 Billion Dinar Capital Expenditures

In 2023, NIS initiated the implementation of a new ambitious investment program, and the total volume of investments by the NIS Group in the...

Oil&gas industry, Serbia as hub for R&D, design, engineering, fabrication and sales to MENA and FTA markets

Focusing on design, engineering, and IT services in the context of Serbia as a nearshoring hub for the oil and gas industry's tech equipment...

Serbia’s Rise as a Nearshoring Hub for Oil and Gas Industry Tech Equipment

In the evolving landscape of the global oil and gas industry, the demand for advanced technological equipment is ever-increasing. As European Union (EU) companies...
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