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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...

Latest news

Southern Gas Corridor expansion delayed as EU buyers withhold long-term contracts

Expansion status and commercial conditions Expansion of the Southern Gas Corridor remains on hold as European buyers have not committed sufficient long-term offtake or financing....

Azerbaijan to raise gas deliveries for Niš 350 MW power and 150 MW heat project

Azerbaijan plans to increase gas deliveries to Serbia as the two countries advance a proposed 350 MW power plant and 150 MW heat plant...

Paks nuclear output cuts linked to low wholesale prices amid Hungary’s solar growth

Hungary’s Paks nuclear plant has reduced generation again after electricity could not be sold economically during low-price hours. The latest curtailment reflects how rising...

Romania targets Neptun Deep first gas in H1 2027 as execution advances

Romania has narrowed the Neptun Deep first-gas window to the first half of 2027, from a broader timetable previously associated with the €4 billion...

Banatski Dvor expansion delays deepen Serbia’s reliance on Hungarian storage

Serbia’s Banatski Dvor underground gas storage expansion is experiencing further slippage, according to project timelines that have moved past the previously targeted end of...