Serbian oil company NIS has submitted a new request to the US Department of the Treasury for a special license to extend the postponement of full sanctions enforcement. This extension would allow NIS to continue its regular operations beyond June 27, when its current temporary license—granted on April 25—is set to expire. In March, NIS […]
Serbia: NIS proposes €39.2 million dividend payout from 2024 profit Read More »
The Board of Directors of Serbian oil company NIS has submitted a proposal to the shareholders’ assembly detailing the allocation of its 2024 profit. In line with long-standing company policy, NIS intends to distribute 25% of its annual profit to shareholders as dividends—a tradition maintained consistently, except during the pandemic. According to the board’s proposal,
Serbia: NIS receives US sanctions deferral until June 2025 Read More »
Serbian oil company NIS has secured a new special license from the US Department of the Treasury, deferring the full application of sanctions until 27 June 2025. The license allows NIS and its subsidiaries to continue operations, honor contracts, and manage financial transactions without interruption. The company expressed gratitude for the support of the Serbian
Serbia: NIS seeks extended US sanctions delay as current license nears expiry Read More »
Serbian oil company NIS announced that it has submitted a new request to the US Department of the Treasury for a special license, seeking to delay the full enforcement of US sanctions, which are scheduled to take effect on 28 April. The request aims to ensure the company can continue its operations without disruption beyond
Serbia hires BlackSummit capital for lobbying amid US sanctions on NIS Read More »
In response to US sanctions targeting its energy sector, particularly the oil company NIS, the Serbian Government has enlisted the lobbying services of BlackSummit Capital. The firm’s role is to assist Serbia in navigating the sanctions imposed on NIS, which is partly owned by the Russian company GazpromNeft. A document from the US Department of
Serbia: Overhaul of Pancevo oil refinery nearly completed Read More »
The overhaul of the NIS Pancevo oil refinery, owned by the oil and gas company NIS, is in its final phase, according to the Serbian government. Diesel production has already been established and disruptions on the domestic market have been avoided, energy minister Dubravka Djedovic Handanovic said in a press release. The 95-million-euro overhaul began
