serbia

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

Serbia: EPS outlines €2 billion hydropower investment strategy through 2035 Read More »

Serbia: EPS outlines €2 billion hydropower investment strategy through 2035

Over the next decade, Serbia is expected to see nearly 2 billion euros invested in its hydropower sector, with around 760 million euros planned for the first three years alone. Of that total, approximately 470 million euros will be directed toward new hydropower developments, according to Radovan Stanić, Assistant General Director for Operations at power

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

Serbia boosts emergency fuel reserves amid sanctions pressure on NIS Read More »

Serbia boosts emergency fuel reserves amid sanctions pressure on NIS

Serbia has intensified efforts to strengthen its emergency fuel reserves in the coming weeks. As part of the plan, the state is arranging deliveries of 38,000 tons of petrol, approximately 66,000 tons of diesel, and an additional 86,000 tons of crude oil to reinforce national stockpiles. Energy Minister Dubravka Đedović announced the measures during consultations

Serbia seeks short-term extension of Gazprom gas deal amid EU policy uncertainty Read More »

Serbia seeks short-term extension of Gazprom gas deal amid EU policy uncertainty

Serbia’s long-term natural gas strategy has entered a period of uncertainty, prompting Belgrade to prioritize extending its current supply arrangement with Russia’s Gazprom rather than securing a new multi-year agreement. According to Srbijagas Director Dušan Bajatović, the EU’s plan to gradually phase out imports of Russian pipeline gas and LNG has fundamentally reshaped the negotiating

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: Novi Sad launches €110 million solar-thermal upgrade of district heating system Read More »

Serbia: Novi Sad launches €110 million solar-thermal upgrade of district heating system

A major modernization of Novi Sad’s district heating system will include the construction of a large solar-thermal plant, a seasonal heat-storage facility and an absorption heat pump. According to a prior information notice published by the European Bank for Reconstruction and Development (EBRD), the project represents an important step toward decarbonizing the city’s heating network.

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

Banks, loans and engineering bankability, OE and financial confidence Read More »

Banks, loans and engineering bankability, OE and financial confidence

In every capital project—whether a substation, transmission corridor, or renewable-energy facility—engineering design is not simply a technical exercise. It is the foundation of financial confidence. Investors and lenders price risk, and risk originates in engineering uncertainty. The more complete, constructible, and verifiable a design is, the more predictable the project’s cost, schedule, and performance become.

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