The latest U.S. Treasury licence extends a sanctions authorisation for NIS through Sept. 30, replacing an authorisation due to expire on Aug. 28. The extension comes as negotiations continue over the company’s Russian-controlled ownership.
The licence permits NIS and...
Serbian oil company NIS has applied for another U.S. sanctions waiver to keep operations running without interruption while it continues investment at its Pančevo refinery. The facility is Serbia’s only large-scale crude-processing plant. The request is linked to the...
Serbia is preparing emergency fuel-supply measures while advancing a longer-term crude pipeline from Hungary, amid uncertainty over whether the US Office of Foreign Assets Control will extend the licence allowing NIS to operate beyond 28 August. The immediate issue...