chemXplore tracks 15 projects in Serbia, of which 2 are active.
2 new construction.
Expected to start operating, per year.
Owners and developers: ElevenEs (1), Elixir Craft d.o.o. Šabac (1), Elixir Energy (1), Elixir Group (1)
Licensors are recorded on 1 of these 2 projects For subscribers
Targeting: Lithium iron phosphate (1)
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.
ElevenEs to start building a 1GWh LFP battery factory in Serbia, aiming for 2027 deliveries, creating 350 jobs, and advancing European battery tech.
MOL to gain control of Serbia's sole refinery, enhancing its Central and Southeastern European market presence. Transaction awaits regulatory approvals, aims for completion by March 2026.
MOL to gain control of Serbia's sole refinery, enhancing its Central and Southeastern European market presence. Transaction awaits regulatory approvals, with completion aimed by March 2026.
