serbia

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 […]

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Serbia’s EPS stuck in the slow lane: Why the utility is failing to bring new power plants online

Serbia’s energy system is built on a paradox. The country urgently needs new electricity-generation facilities to secure supply, support industry, and accelerate the shift toward cleaner energy. Yet its dominant state-owned utility, Elektroprivreda Srbije (EPS), is delivering new projects slower than expected—or in some cases, not delivering them at all. While demand climbs and Serbia

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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

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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

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Azerbaijan in Serbia: How a Caspian energy power became a Eurasian player in South-East Europe

Azerbaijan’s rise in Serbia did not happen loudly. It happened through pipelines, memoranda, presidential visits, and a carefully constructed image of Baku as a reliable, forward-looking supplier. What began as a small diplomatic relationship has grown into one of the most strategically significant energy partnerships in the Western Balkans. Today, Azerbaijan is positioning itself as a

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Strickland Metals’ gold quest in Serbia: Where promising geology meets local and political challenges

When Australian-listed Strickland Metals began drilling into the steep slopes of Rogozna mountain in southern Serbia, few outside the mining sector paid attention. Serbia is no stranger to foreign miners, and the Raška region — a rugged landscape historically tied to the sprawling Trepča mineral complex — has seen exploration come and go for decades.

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Serbia creates new gas infrastructure operator as sector unbundling advances

Serbia is moving to restructure its gas sector by creating a new company, Gas Infrastruktura, which will take over the management and ownership of the country’s gas transmission system. Under the Government’s plan, Srbijagas will no longer handle transmission operations and will instead focus solely on supplying the domestic market. Energy Minister Dubravka Đedović explained

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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

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Serbia seeks U.S. license as NIS ownership negotiations advance

Serbian President Aleksandar Vučić announced that Russian shareholders are currently negotiating with three potential buyers for their stake in oil company NIS, and that the talks are approaching a conclusion. He added that Serbia will soon begin discussions with U.S. officials to obtain a special license that would enable the Pančevo refinery to continue operating

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Serbia: EPS outlines €2 billion hydropower investment strategy through 2035

Over the next decade, Serbia is expected to see nearly 2 billion euros invested in its hydropower sector, with around 760 million euros planned for the first three years alone. Of that total, approximately 470 million euros will be directed toward new hydropower developments, according to Radovan Stanić, Assistant General Director for Operations at power

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