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Serbia Oil Industry

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Serbia: NIS’ investments in 2021

In 2021, despite the market instability Serbian oil company NIS will invest more than 170 million euros in development projects, said CFO of NIS...

Serbia: Oil refinery in Smederevo – Chinese investors interested in the construction

In 2008, Comico Oil, local subsidiary of US-Dutch company Comico Overseas, and the municipality of Smederevo have signed the Memorandum of understanding regarding construction...

Serbia: Dividend for 2019 distributed at NIS

Serbian oil company NIS is majority owned by Russian GazpromNeft which holds 56.15 % stake, 29.87 % is held by the Serbian state and...

Serbia: NIS to recapitalize Petrohemija and acquire majority stake

The value of the Petrohemija’s factory is between 100 and 150 million euros. Oil company NIS, which already holds shares in Petrohemija, would recapitalize...

Serbia: Losses at NIS in the first nine months of 2020

In the period January-September of the current year, oil and gas industry was affected by adverse global trends, reduced demand for petroleum products, before...

Serbia: Pancevo oil refinery modernisation

Crucial part of the second phase of Pancevo oil refinery modernization is deep processing unit. Serbian Minister of Finance Sinisa Mali met with General...

Serbia’s renewable surge: How the country is quietly becoming a regional green-power leader

For years, Serbia’s energy landscape appeared frozen in time. Coal dominated generation, hydropower provided stability, and the idea of large-scale renewable deployment felt distant....

Greece moves forward with long-delayed Mesochora hydropower plant

The Greek Ministry of Environment and Energy has confirmed that the long-delayed Mesochora hydropower plant in Trikala will finally advance, bringing an end to...

Bosnia and Herzegovina: Republika Srpska accelerates major hydropower expansion amid untapped potential

The Republic of Srpska (RS) is pressing ahead with a major expansion of its hydropower sector, driven by significant untapped water resources that remain...

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...

Bosnia and Herzegovina: HPP Visegrad increases monthly production, still below last year’s level

The hydropower plant Visegrad, operated by ERS subsidiary Hidroelektrane na Drini, generated 37.91 GWh of electricity in October 2025. This represents a 31.3 percent...
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