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Bosnia and Herzegovina: FBiH funds reconstruction of Živinice oil terminal to strengthen fuel security and storage capacity

The Federation of Bosnia and Herzegovina (FBiH) has allocated approximately €250,000 for the ongoing reconstruction of the oil terminal in Živinice. This funding aims...

Serbia enhances NIS production and utilizes strategic reserves to stabilize fuel market

In response to ongoing geopolitical tensions and fluctuations in global oil prices, Serbia is increasing domestic refining efforts at Naftna Industrija Srbije (NIS) to...

Romania Implements Emergency Measures in Fuel Market Amid Crisis

In response to significant disruptions in the oil and fuel sector, Romania has declared a formal crisis and enacted emergency measures aimed at stabilizing...

Hungary threatens gas cuts to Ukraine amid Druzhba pipeline oil dispute

Hungary's Prime Minister Viktor Orban has issued a warning regarding potential reductions in natural gas deliveries to Ukraine, contingent upon the resumption of Russian...

Serbia’s NIS Expands Crude Oil Supply Sources Amid Geopolitical Challenges

In response to escalating geopolitical tensions and the impact of European Union sanctions, Serbian oil company NIS is broadening its crude oil supply chain....

MOL Secures Extension for NIS Acquisition Amid US Sanctions

Hungarian oil and gas firm MOL has successfully negotiated an extension from the US Treasury Department, allowing it to continue discussions regarding the acquisition...
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