NIS

From contractor to kingmaker: Is MOL preparing to shape the fate of Serbia’s energy monopoly? Read More »

From contractor to kingmaker: Is MOL preparing to shape the fate of Serbia’s energy monopoly?

For more than a decade, Serbia’s power sector has been defined by stagnation, delayed modernisation, and the slow unraveling of a once-dominant state monopoly. Elektroprivreda Srbije (EPS), the country’s vertically integrated electric-power utility, remains one of the largest state-owned enterprises in Southeast Europe—responsible for the country’s generation, distribution, mining and critical infrastructure stability. But it […]

Region: Hungary confirms early talks on potential MOL stake in Serbia’s NIS amid push to reduce Russian ownership Read More »

Region: Hungary confirms early talks on potential MOL stake in Serbia’s NIS amid push to reduce Russian ownership

Hungarian officials have confirmed that exploratory talks are underway on the possibility of oil and gas company MOL acquiring a stake in Serbia’s national oil company NIS. The information was disclosed by Gergely Gulyás, chief of staff to Hungarian Prime Minister Viktor Orbán, who stressed that discussions are still in an early phase. Gulyás noted

Serbia moves to secure legal path for takeover of NIS amid sanctions crisis Read More »

Serbia moves to secure legal path for takeover of NIS amid sanctions crisis

Parliament Speaker Ana Brnabić announced that the Government will introduce an amendment to the 2026 draft budget that would allow Serbia to assume ownership of the oil company NIS, currently majority-owned by Russia’s Gazprom. Brnabić explained that the amendment follows discussions President Aleksandar Vučić held with several political parties and is intended to establish a

Hungary: Foreign Minister offers support as Serbia faces oil supply crisis Read More »

Hungary: Foreign Minister offers support as Serbia faces oil supply crisis

Hungarian Foreign Minister Peter Szijjártó arrived in Belgrade to discuss how Hungary can help Serbia after the suspension of crude oil deliveries from Croatia. His visit comes amid growing concerns in Serbia, following President Aleksandar Vučić’s warning that the NIS refinery in Pančevo could halt operations within days unless US sanctions are lifted, potentially disrupting

Serbia: Government moves to resolve NIS ownership deadlock within three months Read More »

Serbia: Government moves to resolve NIS ownership deadlock within three months

Serbian President Aleksandar Vučić announced that the Government has unanimously endorsed his proposal to give the Russian side 50 days to identify a new buyer for NIS. If no agreement is reached within that timeframe, Serbia plans to intervene, appoint its own management, and then offer Russia the highest price it can reasonably pay for

Serbia: NIS prepares temporary shutdown of Pancevo refinery after US sanctions Read More »

Serbia: NIS prepares temporary shutdown of Pancevo refinery after US sanctions

The Pancevo oil refinery has begun preparations for a temporary shutdown after US Treasury sanctions imposed on NIS disrupted crude oil deliveries, the company announced. Refinery operations have entered an initial phase in which processing units are being placed into hot circulation, a controlled mode that keeps equipment operational without full production. NIS said the

Serbia’s oil market: Supply shifts, key industry players, and what incoming investors should expect Read More »

Serbia’s oil market: Supply shifts, key industry players, and what incoming investors should expect

Serbia’s oil sector occupies a particularly strategic place in the Western Balkans—and yet it is also one of structural vulnerability, evolving geopolitics and emerging opportunities for new players. The country remains a net importer of crude and refined oil products, while its domestic refining and distribution infrastructure is concentrated in a few hands. The combination

The high-stakes game around NIS: How Serbia’s oil giant became a battleground of influence, strategy and survival Read More »

The high-stakes game around NIS: How Serbia’s oil giant became a battleground of influence, strategy and survival

There is no company in Serbia whose fate is as closely watched — and as quietly contested — as NIS, the country’s dominant oil and gas enterprise and one of the most powerful corporate forces in the Western Balkans. For years, NIS has stood as the embodiment of Serbia’s energy system: vast, profitable, strategically crucial, and

Serbia: NIS launches surfactant–polymer injection project to boost production at Velebit Read More »

Serbia: NIS launches surfactant–polymer injection project to boost production at Velebit

Serbian oil company NIS has received environmental clearance to start testing an enhanced oil recovery (EOR) method at the Velebit production field. The approval covers the environmental impact assessment prepared for the project, for which NIS issued a tender in August. The pilot project involves constructing a system to assess the performance of injecting a

Serbia seeks U.S. license as NIS ownership negotiations advance Read More »

Serbia seeks U.S. license as NIS ownership negotiations advance

Serbian President Aleksandar Vučić announced that Russian shareholders are currently negotiating with three potential buyers for their stake in oil company NIS, and that the talks are approaching a conclusion. He added that Serbia will soon begin discussions with U.S. officials to obtain a special license that would enable the Pančevo refinery to continue operating

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