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Serbia Secures Extended License for NIS Amid Global Oil Market Volatility

The Serbian oil sector has received a crucial extension from the US Treasury’s Office of Foreign Assets Control (OFAC), allowing Naftna Industrija Srbije (NIS)...

Serbia’s NIS Set for Operational Shift as MOL Takes Control, ADNOC Joins Governance

Recent negotiations have outlined a significant shift in the management structure of Serbia's oil company, NIS. Hungary's MOL is positioned to take operational control...

Hungary’s MOL Group to Acquire 56.15% Stake in Serbian Oil Company NIS from GazpromNeft

The MOL Group, based in Hungary, has announced a significant move to enhance its influence in the energy sector of central and southeastern Europe...

Fuel production resumes at Serbia’s Pančevo refinery following two-month hiatus

The Pančevo oil refinery in Serbia has restarted operations after an almost two-month shutdown, crucially reinstating a significant segment of the nation’s energy supply...

Financial foundations of Serbia’s oil downstream sector: Refinery economics, wholesale spreads, retail margins and the transition beyond petroleum

The financial architecture of Serbia’s downstream oil sector is shaped by a combination of operational cost structures, geopolitical exposure and shifting regional logistics. The...

Sanctions on NIS trigger Serbia’s most severe financial stress test in a generation

When the United States expanded its sanctions targeting Russian energy interests, few policymakers in Belgrade initially grasped the magnitude of what was unfolding. On...

Latest news

BHP moves to end options on eight Serbian exploration licences

BHP has issued termination notices for its Central Timok and Borsko exploration options in eastern Serbia, returning eight licences to Mundoro Capital when the notices take effect. The miner retains separate Trstenik and South Timok agreements, while Mundoro seeks partners to fund drilling on the returned licences.

Centerra proposes nearly C$4.1 million for 9.9% Mundoro stake

Centerra Gold has agreed to buy 12.374 million newly issued Mundoro Capital shares for approximately C$4.08 million (€2.60 million), in a proposed placement that would give it a 9.9% stake. The funding would support Mundoro’s exploration and working capital as it seeks partners for projects in Serbia, but the deal has not closed.

Northstone secures commitments for about EUR1.45 million Serbia placement

Northstone Resources secured commitments for a share placement worth about EUR1.45 million to fund exploration at its Tlamino gold-silver and Timok East copper-gold projects in Serbia. The financing will support drilling and technical studies, not mine construction.

European Energy weighs up to 1 GW complex in Bulgaria

European Energy is evaluating a renewable-energy complex in Bulgaria’s Dobrich region, centred on a wind project of up to 1 GW. The concept also includes solar generation, battery storage and infrastructure for industrial users.

JANAF halts Croatian crude flows after estimated 500 cubic metre spill

Croatian oil-pipeline operator JANAF halted crude transport on part of the Sisak-Slavonski Brod route after pipeline equipment was damaged near Prvca. The spill is estimated at 500 cubic metres.