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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...

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TDI financing for 58 MW Iratoșu solar plant in western Romania

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Nuclearelectrica revises 2026 outlook as Cernavoda outages drive replacement power costs

Romanian nuclear producer Nuclearelectrica has reduced its forecast for 2026 net profit by 42.9% to €221 million. The company attributed the change to prolonged...

MMK Vilusi requests environmental screening for 35 MW solar plant in Nikšić

MMK Vilusi has applied for environmental screening for a 35 MW solar power project in western Montenegro, with the development planned for the Nikšić...

North Macedonia extends oil-supply emergency framework to April 2027

North Macedonia has prolonged its oil-supply emergency framework, with the country’s parliament extending the measure until April 20, 2027. The extension keeps government powers...