SerbiaPart of Gazpromneftnis.eu/en
Its role Owner
NIS (Naftna Industrija Srbije a.d. Novi Sad), also known as the Petroleum Industry of Serbia, is an integrated energy company based in Serbia. It operates across the oil and gas value chain, serving domestic and regional markets.
The company’s activities include exploration and production of crude oil and natural gas; refining operations centered on the Pančevo refinery; and distribution, wholesale, and retail of fuels, lubricants, and liquefied petroleum gas. NIS also produces petrochemical feedstocks and other petroleum-derived products such as bitumen and heating oils, and provides storage and logistics services. Through these operations, it plays a central role in Serbia’s fuel supply chain and supports the regional petroleum and chemicals sectors.
Also known as NIS a.d. Novi Sad, Petroleum Industry of Serbia, Нафтна индустрија Србије, NIS AD Novi Sad, and Naftna Industrija Srbije.
chemXplore tracks 3 projects involving NIS.
The record holds 3 completed projects.
The 3 that are completed, on hold or cancelled are in the record. See all 3 in chemXplore →
License extends negotiations to pursue a majority stake in Serbia's national oil firm through 30 Oct 2026.
Q2 profit USD 786m; strong oil and gas prices plus higher refining and petrochemical margins offset fuel price caps and operational outages.
Defines governance and decision-making for NIS, secures Pancevo refinery operation and market supply with a 10‑year capacity commitment, but closing awaits seller agreement and OFAC approval.
Includes Pancevo refinery, retail network and E&P assets; supplies 80% of Serbia's fuel needs and has stations in Bosnia, Bulgaria and Romania; seller/authority talks continue.
US licence allows continuation of talks to buy a majority stake in a Serbian oil company until 16 June 2026, enabling finalisation of transaction documentation.
OFAC granted a license to continue negotiations to acquire a majority stake in NIS until 6 June 2026; talks enter final phase—significant progress, but some terms remain to be settled.
Higher hydrocarbon prices lifted upstream; production 95.5 mboepd. Downstream hit by lower refining volumes and feedstock scarcity; Rijeka delayed coker opened. Consumer services and circulars rose.
U.S. OFAC extended the negotiation license to 22 May 2026, allowing finalization of sale documents and U.S. banks' participation; deal would transfer 56.15% stake, pending approvals.
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