oil

Serbia: NIS sees major ownership shift as Russian stake sold to MOL

Serbian oil company NIS has entered a new ownership phase following months of US sanctions and negotiations over its shareholder structure. The Russian stake in the company has now been sold, marking a significant shift in control. The 56.15% share previously held by Russian interests has been transferred to Hungary’s MOL, making it the company’s […]

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Serbia: Pančevo refinery resumes operations after two-month shutdown

Fuel production has resumed at the Pančevo oil refinery in Serbia after an almost two-month shutdown, restoring a critical part of the country’s energy supply chain. According to Energy Minister Dubravka Djedovic, nearly 2,000 employees have returned to work, and eurodiesel supplies are expected to reach petrol stations from 27 January. The minister emphasized that

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Serbia: MOL’s potential acquisition of NIS retail assets would not monopolize fuel market

Public debate in Serbia over the possible acquisition of Naftna Industrija Srbije (NIS) retail assets by Hungary’s MOL Group has intensified in recent weeks, with particular focus on whether such a transaction would concentrate too much power in the domestic fuel market. A closer look at market structure, legal thresholds, and the competitive landscape shows that fears

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Hungary’s two-track push in Serbia: How MOL and MVM are quietly building a regional energy “operating system” and what it means for gas

Hungary’s expansion in Serbia is no longer a set of isolated deals. It is increasingly legible as a two-track strategy that uses MOL on the hydrocarbons and retail side, and MVM Group on the power, engineering, and system-integration side, with Serbia positioned as both a demand hub and a transit corridor between Central Europe and the wider Balkans. The

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South-East Europe’s refining system and Serbia’s turning point under a MOL takeover

South-East European refining is not defined by refinery nameplates alone. It is defined by who controls crude access, who can finance inventories through cycles, and who owns the corridors that physically move oil. In this system, refineries behave less like isolated industrial plants and more like nodes inside a politically and financially constrained logistics network.

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Region: US extends sanctions deadline to allow Lukoil overseas asset sales

The United States has adjusted its sanctions timetable, granting Russian oil producer Lukoil additional time to complete the sale of its overseas assets. The move was announced by the U.S. Department of the Treasury as part of its broader sanctions enforcement strategy aimed at reshaping Russia’s access to global capital. Through its enforcement arm, the

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Serbia: Crude oil shipments resume to Pancevo refinery after months-long halt

Crude oil deliveries to Serbia’s Pančevo refinery have restarted, restoring a vital supply route through the JANAF pipeline system after nearly three months of interruption. Transport had been halted on 9 October due to the full enforcement of US sanctions, but a temporary license granted to JANAF has enabled operations to resume. Energy and Mining

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Region: Greece–North Macedonia oil pipeline resumes operations, boosting regional fuel supply

According to Helleniq Energy CEO Andreas Shiamishis, fuel flows between Greece and North Macedonia have resumed after the Thessaloniki–Skopje oil pipeline officially returned to service at the end of last year. The pipeline is once again functioning as a north–south supply route for refined petroleum products, with diesel identified as the primary commodity transported. Company

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Europe: Geopolitical tensions lift brent above $60 while CO₂ prices hit new highs

During the second week of January, Brent front-month futures remained above $60/bbl for almost the entire period, except on January 7, when they fell to their weekly minimum of $59.96/bbl. Prices strengthened toward the end of the week, and on Friday, January 9, they reached a weekly maximum of $63.34/bbl, which was 4.3% higher than

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Serbia launches new crude oil pipeline to Novi Sad to strengthen supply security

Serbia has launched a public tender for the construction of a new crude oil pipeline linking the Hungarian border with Novi Sad, a project aimed at strengthening supply security by adding a second import route. The procurement, announced by Transnafta, covers construction works and expert supervision. The pipeline would be 113 kilometers long, running from

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