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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

SEE power markets 8/9 split as solar deepens midday lows while Italy keeps premium

Day-ahead electricity prices across Southeast Europe diverged sharply for delivery on Tuesday, September 8, as stronger solar supply compressed daytime values while Italy and...

Slovenia appoints GEN leadership ahead of Krško 2 nuclear project decisions

New executives at GEN energija and GEN-I Slovenia has appointed new leadership at state-owned GEN energija and electricity supplier and trader GEN-I, changing management at...

European gas rally lifts Bulgaria’s regulated September discount to €41.60/MWh

European benchmark gas prices moved above €74/MWh on Tuesday, widening the spread versus Bulgaria’s regulated September price of €41.60/MWh. The move highlights differences in...

EPCG completes major works on €26m Gvozd 2 wind expansion in Montenegro

Montenegro’s state power utility EPCG has completed most work on the second of three turbine foundations at its 21 MW Gvozd 2 wind project,...

Greece approves €2.3bn programme for island grids, renewables and storage

Greece has secured approval for a €2.3 billion programme aimed at decarbonising its islands, with Athens directing more than €2 billion towards electricity interconnections,...