oil

Serbia moves to boost NIS stake amid US sanctions on Russian owners

Serbia is looking to increase its ownership in oil company NIS to gain greater influence over strategic decisions as the company navigates US sanctions linked to its Russian shareholders. President Aleksandar Vučić stated that the state aims to acquire an additional 5% stake, which would provide deeper insight into financial flows and operational management. According […]

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Serbia: NIS secures crude oil imports via JANAF, set to restart Pancevo refinery

Serbian oil company NIS has secured crude oil imports through the JANAF system to supply its Pancevo refinery, paving the way for a restart of production after weeks of downtime. The company announced that the first deliveries are expected to arrive during the coming week. According to NIS, initial shipments will be followed by additional

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Refinery by-products: Petcoke, bitumen and construction inflation in South-East Europe

The transfer of ownership of Russian oil assets across South-East Europe has not only changed who controls refineries and fuel retail networks; it has fundamentally altered how a range of secondary energy commodities are priced, supplied and financed. These by-products of refining—petroleum coke, bitumen, sulphur and heavy fuel intermediates—rarely feature in high-level energy debates, yet

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Oil storage in Southeast Europe: Strategic capacity, market power, prices, forecasts, Capex/Opex realities and the new competitive landscape

Oil storage in Southeast Europe is moving from a background logistical function into one of the most powerful strategic assets shaping the region’s energy markets, trading dynamics, pricing trajectories and industrial competitiveness. As ownership of Russian-linked downstream assets continues to unwind and European, Central European and global players position themselves to take control of refining,

Oil storage in Southeast Europe: Strategic capacity, market power, prices, forecasts, Capex/Opex realities and the new competitive landscape Read More »

Hungary’s full-spectrum energy ascendancy in Serbia: How MVM, MOL and gas expansion could redefine power, oil and geopolitical balance across Southeast Europe

If Southeast Europe once seemed like a fragmented energy landscape defined by dependence, vulnerability and political exposure, Hungary’s accelerating consolidation in Serbia is transforming that picture into something far more structured, strategically coherent and quantitatively powerful. What began as corporate expansion through MVM in electricity operations now aligns closely with MOL’s potential takeover of Serbia’s oil refining core,

Hungary’s full-spectrum energy ascendancy in Serbia: How MVM, MOL and gas expansion could redefine power, oil and geopolitical balance across Southeast Europe Read More »

How Southeast Europe’s refining map is being redrawn — and why Serbia’s future now depends on Pančevo and MOL

The oil refining landscape in Southeast Europe is one of the most strategically sensitive industrial systems in the region, because after electricity and natural gas, refined petroleum products define structural competitiveness, price stability, logistics reality and the broader economic exposure of national markets. Over the past years, refining in the Balkans has increasingly become not

How Southeast Europe’s refining map is being redrawn — and why Serbia’s future now depends on Pančevo and MOL Read More »

Investor outlook 2026: How the Pančevo refinery, MOL’s strategic move and regional capacity imbalances will redefine oil economics in Southeast Europe

An investor seeking clarity in Southeast Europe’s downstream oil future today must approach the region analytically, as if building a financial model inside a geopolitical chessboard. Refining capacity is not merely industrial hardware; it is price leverage, market power, fiscal stability and geopolitical orientation packaged into millions of tonnes per year of throughput. Serbia sits

Investor outlook 2026: How the Pančevo refinery, MOL’s strategic move and regional capacity imbalances will redefine oil economics in Southeast Europe Read More »

Slovenia: Mercator exits fuel retail, sells Maxen network to UAE’s Sunqar Resources

Slovenian retailer Mercator, part of the Croatian Fortenova Group, has officially exited the fuel retail business by completing the sale of M Energija, the operator of Slovenia’s Maxen petrol station network. The buyer is Sunqar Resources, a petroleum wholesaler headquartered in the United Arab Emirates. The divestment reflects a strategic realignment rather than a major

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Serbia: Hungary’s MOL begins technical due diligence at NIS

A delegation from Hungary’s MOL has arrived in Serbia to conduct a comprehensive due diligence review of NIS, focusing on the company’s core infrastructure and facilities. The visit marks the beginning of a detailed assessment of the operational condition and functionality of NIS’ assets. MOL’s team has begun inspecting key segments of NIS’ business, including

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