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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...

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SEE power prices jump as weekday demand returns, Serbia tops €300/MWh

Southeast European day-ahead electricity prices surged on Monday, October 19, as the return of weekday demand, weaker renewable generation forecasts and continued reliance on...

Greece unveils €200 million battery storage scheme as project pipeline grows

Greece is preparing a €200 million battery-storage support programme as the country seeks to accelerate the deployment of standalone batteries and renewable-linked storage. The...

Djerdap 3 pumped-storage: Bechtel-Enka qualifies as Serbia prepares planning

Serbia has advanced work on the proposed Djerdap 3 pumped-storage hydropower project, with a Bechtel-Enka consortium qualifying for the next stage of government negotiations....

Romania extends 25% diesel excise reduction until Oct. 31

Romania will keep a 25% reduction in diesel excise duty until Oct. 31, extending temporary relief for transport operators and other businesses. The decision...

R.Power completes 55-MW Lazuri solar plant in Romania; grid link by end-2026

Polish renewable-energy developer R.Power has finished construction of the 55-MW Lazuri solar plant in Romania’s Satu Mare county. Grid connection is expected before the...