serbia

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 EPS stuck in the slow lane: Why the utility is failing to bring new power plants online Read More »

Serbia’s EPS stuck in the slow lane: Why the utility is failing to bring new power plants online

Serbia’s energy system is built on a paradox. The country urgently needs new electricity-generation facilities to secure supply, support industry, and accelerate the shift toward cleaner energy. Yet its dominant state-owned utility, Elektroprivreda Srbije (EPS), is delivering new projects slower than expected—or in some cases, not delivering them at all. While demand climbs and Serbia

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

Azerbaijan in Serbia: How a Caspian energy power became a Eurasian player in South-East Europe Read More »

Azerbaijan in Serbia: How a Caspian energy power became a Eurasian player in South-East Europe

Azerbaijan’s rise in Serbia did not happen loudly. It happened through pipelines, memoranda, presidential visits, and a carefully constructed image of Baku as a reliable, forward-looking supplier. What began as a small diplomatic relationship has grown into one of the most strategically significant energy partnerships in the Western Balkans. Today, Azerbaijan is positioning itself as a

Strickland Metals’ gold quest in Serbia: Where promising geology meets local and political challenges Read More »

Strickland Metals’ gold quest in Serbia: Where promising geology meets local and political challenges

When Australian-listed Strickland Metals began drilling into the steep slopes of Rogozna mountain in southern Serbia, few outside the mining sector paid attention. Serbia is no stranger to foreign miners, and the Raška region — a rugged landscape historically tied to the sprawling Trepča mineral complex — has seen exploration come and go for decades.

Serbia creates new gas infrastructure operator as sector unbundling advances Read More »

Serbia creates new gas infrastructure operator as sector unbundling advances

Serbia is moving to restructure its gas sector by creating a new company, Gas Infrastruktura, which will take over the management and ownership of the country’s gas transmission system. Under the Government’s plan, Srbijagas will no longer handle transmission operations and will instead focus solely on supplying the domestic market. Energy Minister Dubravka Đedović explained

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