chemXplore tracks 15 projects in Serbia, of which 2 are active.
Of the active ones, 2 new construction.
CEO explains pivot from commodity trading to supply-chain integration, silo and feed investments, Maragro acquisition and recruitment ties to Cluj universities.
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.
ElevenEs to start building a 1GWh LFP battery factory in Serbia, aiming for 2027 deliveries, creating 350 jobs, and advancing European battery tech.
active / all projects
