oil

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 […]

Hungary: Foreign Minister offers support as Serbia faces oil supply crisis 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: Government moves to resolve NIS ownership deadlock within three months 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: NIS prepares temporary shutdown of Pancevo refinery after US sanctions Read More »

Europe: Brent falls to one-month low as peace talks pressure oil and gas markets

Brent crude futures for the Front Month on the ICE exchange hit their weekly peak of $64.89/bbl on Tuesday, November 18, before shifting into a downward trend. By Friday, November 21, they had fallen to $62.56/bbl, marking the week’s lowest settlement price—2.8% below the previous Friday and the lowest level since October 22, according to

Europe: Brent falls to one-month low as peace talks pressure oil and gas markets Read More »

Bosnia and Herzegovina: FBiH replenishes oil reserves for the first time in 30 years as Blažuj terminal becomes key energy hub

The Federation of Bosnia and Herzegovina (FBiH) has received 42 million liters of oil and gasoline by rail from the Ploče terminal, marking the first major replenishment of national oil reserves in more than thirty years. The shipment followed the completion of all required permits and a series of infrastructure upgrades at the Blažuj oil

Bosnia and Herzegovina: FBiH replenishes oil reserves for the first time in 30 years as Blažuj terminal becomes key energy hub 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

Serbia’s oil market: Supply shifts, key industry players, and what incoming investors should expect Read More »

Croatia: JANAF rebuts MOL and Slovnaft allegations of supply risks

Croatian pipeline operator JANAF has issued a strong response after MOL and Slovnaft informed the European Commission’s Directorate-General for Competition that JANAF’s actions allegedly threaten the security of supply through the JANAF oil pipeline. The two companies argue that recent decisions by the Croatian operator have created operational uncertainty for their refineries in Hungary and

Croatia: JANAF rebuts MOL and Slovnaft allegations of supply risks 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

The high-stakes game around NIS: How Serbia’s oil giant became a battleground of influence, strategy and survival Read More »

The new energy geometry in the Balkans: Pipelines, power and the quiet reordering of a region

For more than half a century, the Balkans lived inside a predictable energy ecosystem: electricity from domestic coal, oil and gas pipelines dominated by Russia, and infrastructure built in the socialist era. But the past decade — and especially the post-2022 global energy upheaval — has shattered that old order. A new geometry is forming.

The new energy geometry in the Balkans: Pipelines, power and the quiet reordering of a region 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: NIS launches surfactant–polymer injection project to boost production at Velebit Read More »

Scroll to Top