Serbian oil company NIS has secured a new special license from the US Department of the Treasury, deferring the full application of sanctions until 27 June 2025. The license allows NIS and its subsidiaries to continue operations, honor contracts, and manage financial transactions without interruption. The company expressed gratitude for the support of the Serbian […]
Serbia: NIS receives US sanctions deferral until June 2025 Read More »
Serbian oil company NIS announced that it has submitted a new request to the US Department of the Treasury for a special license, seeking to delay the full enforcement of US sanctions, which are scheduled to take effect on 28 April. The request aims to ensure the company can continue its operations without disruption beyond
Serbia: NIS seeks extended US sanctions delay as current license nears expiry Read More »
In response to US sanctions targeting its energy sector, particularly the oil company NIS, the Serbian Government has enlisted the lobbying services of BlackSummit Capital. The firm’s role is to assist Serbia in navigating the sanctions imposed on NIS, which is partly owned by the Russian company GazpromNeft. A document from the US Department of
Serbia hires BlackSummit capital for lobbying amid US sanctions on NIS Read More »
The overhaul of the NIS Pancevo oil refinery, owned by the oil and gas company NIS, is in its final phase, according to the Serbian government. Diesel production has already been established and disruptions on the domestic market have been avoided, energy minister Dubravka Djedovic Handanovic said in a press release. The 95-million-euro overhaul began
Serbia: Overhaul of Pancevo oil refinery nearly completed Read More »
