NIS

Serbia: NIS ownership shift nears completion as Russia moves to sell its stake Read More »

Serbia: NIS ownership shift nears completion as Russia moves to sell its stake

Russian shareholders have agreed to sell their 56.15% stake in the Serbian oil company NIS, according to Minister of Mining and Energy Dubravka Djedović. She stated that the identity of the potential buyer remains confidential, noting that negotiations are still underway and that naming the party prematurely would be inappropriate while key terms of the […]

US gives Serbia three months to remove Russian ownership from NIS Read More »

US gives Serbia three months to remove Russian ownership from NIS

The United States has given Serbia a three-month deadline to find a new owner for oil company NIS, whose majority shareholders are Russia’s Gazprom Neft and Gazprom, both of which are under US sanctions. Serbian Energy Minister Dubravka Đedović said the US Treasury Department, through the Office of Foreign Assets Control (OFAC), informed Belgrade that

Serbia: Gazprom races to sell 11.3% stake in NIS as talks with MOL intensify Read More »

Serbia: Gazprom races to sell 11.3% stake in NIS as talks with MOL intensify

Negotiations on the sale of part of Serbian oil company NIS have entered an accelerated phase, with Russian Gazprom seeking to secure a buyer for its 11.3 percent stake. Moscow’s primary expectation is that Hungarian energy company MOL, backed by Prime Minister Viktor Orbán, will acquire the share package. A clearer direction is expected in

Serbia: Russian shareholders of NIS seek U.S. approval to extend operating license amid ownership talks Read More »

Serbia: Russian shareholders of NIS seek U.S. approval to extend operating license amid ownership talks

The Russian shareholders of Serbian oil company NIS have submitted a formal request to the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) to extend the company’s operating license. The request comes amid ongoing talks with a third party that could take over management and control of NIS. Serbian Minister of Mining

Serbia: NIS posts €2.5 million loss for first nine months of 2025 amid sanctions and market pressures Read More »

Serbia: NIS posts €2.5 million loss for first nine months of 2025 amid sanctions and market pressures

The NIS Group reported a net loss of approximately €2.5 million for the first nine months of 2025, with earnings before interest, taxes, depreciation, and amortization (EBITDA) reaching around €180 million. The company attributed its performance to the implementation of cost-saving measures across all business segments and its ability to adapt to changing market conditions.

U.S. presses Serbia to resolve NIS sanctions issue through sale or nationalization of Russian stake Read More »

U.S. presses Serbia to resolve NIS sanctions issue through sale or nationalization of Russian stake

According to diplomatic sources quoted by Serbian media, the United States sees only two possible solutions to the issue surrounding Serbian oil company NIS, which remains under U.S. sanctions because of its Russian ownership. The first option would involve selling the Russian-held shares to a company with no ties to Russia, while the second would

Serbia: US sanctions block crude shipment to NIS, threatening operations at Pancevo Refinery Read More »

Serbia: US sanctions block crude shipment to NIS, threatening operations at Pancevo Refinery

US sanctions imposed on Serbia’s oil company NIS, due to its Russian ownership, have blocked a crude oil shipment that was expected to provide temporary relief for the country’s only refinery in Pančevo. Without new supplies, the facility may be forced to halt operations within days. President Aleksandar Vučić previously warned that the refinery—which produces

Serbia: President says resolution of NIS sanctions issue key to Serbia’s economic stability and IMF agreement Read More »

Serbia: President says resolution of NIS sanctions issue key to Serbia’s economic stability and IMF agreement

Serbian President Aleksandar Vučić announced that he expects to receive concrete information by the end of this week or early next week regarding the situation of the oil company NIS, which has come under US sanctions due to its Russian ownership structure. Vučić said that Serbia is currently holding talks with Russian, American, and European

Serbia poised to buy Gazprom’s stake in NIS to resolve sanctions issue by year-end Read More »

Serbia poised to buy Gazprom’s stake in NIS to resolve sanctions issue by year-end

Serbian media report that the issue surrounding oil company NIS, caused by U.S. sanctions, is expected to be resolved by the end of the year. The most likely solution under consideration is for the Serbian state to acquire part of the 11.3% stake currently owned by the company Intelligence, a subsidiary of Gazprom. Currently, Russian

Serbia proposes temporary takeover of Russian NIS stake amid U.S. sanctions Read More »

Serbia proposes temporary takeover of Russian NIS stake amid U.S. sanctions

Serbian President Aleksandar Vučić has reportedly proposed to a visiting Russian delegation that Serbia could temporarily assume part of Russia’s ownership stake in the oil company NIS. According to local media, the idea is that once international conditions stabilize, the shares would be returned to Russian control. However, unofficial sources suggest that Moscow is not

Scroll to Top