NIS

org_company

NIS is a Serbian energy company involved in oil exploration, production, and refining, with a major refinery in Panchevo. It has been subject to U.S. sanctions since October 2025, following efforts by the U.S. to pressure for the complete exit of Russian shareholders. The company's operations have been sustained through licenses renewed by the U.S. Treasury's Office of Foreign Assets Control (OFAC), allowing it to continue functioning under sanctions. In June 2026, Serbia and Hungarian oil company MOL agreed on management arrangements for NIS after the departure of Russian investors, with ong…

Events

Recent coverage

USA extended NIS operational license until September 30 — Интерфакс
US Treasury extended license of Serbian oil company NIS until September 30 — Ведомости
Vucic allowed completion of Gazprom Neft deal for sale of NIS stake in September — Коммерсантъ
Vucic expressed optimism regarding resolution of situation around NIS company in September — Интерфакс
Vucic: shipping on the Danube may be paralyzed due to extreme heat — Вести
US Treasury extends MOL license with Gazprom Neft until August 28 — Интерфакс
U.S. Department of the Treasury extended the NIS license until August 28 — Ведомости
U.S. OFAC extended the license for Serbian NIS until August 28 — Интерфакс
Vucic expects to complete NIS deal in the near future — Вести
Serbian NIS submitted to OFAC for extension of operational activity after July 31 — Интерфакс
US OFAC extended Serbian NIS operational license until July 31 — Интерфакс
Main news for early July 1st — Коммерсантъ
US Treasury extends license for Serbian NIS by 30 days — Коммерсантъ
US Treasury extends NIS operating license until July 31 — Ведомости
US extends operating license for sanctioned company NIS until July 31 — Вести
NIS to use past profits to cover losses and will not pay dividends in 2025 — Интерфакс
Russia Discussed with Serbia Sale of Gazprom's Share in NIS — Коммерсантъ
Peskov: Russia had contacts with Belgrade regarding NIS actions — Ведомости
Kremlin Reports Commercial Contacts with Serbia over Energy Company NIS — Интерфакс
US extends NIS operational license by 15 days — Ведомости