NIS Oil Industry of Serbia NIS A.D.

Company

Oil industry
Europe
Serbia, 21102 Novi Sad, Narodnog Front 12

Owners:
Gazprom neft

Owners

+ Government of the Russian Federation

+ Rosneft of the Tax Code

+ Federal Agency for State Property Management (Federal Property Management Agency)

+ Rosneftegaz (RNG)

The NIS Group is one of the vertically integrated energy systems of Southeast Europe.

The main activities of the company are exploration, production and processing of oil and natural gas, sales of the range of processed products, as well as the implementation of projects in the field of petrochemistry and power. The headquarters and main production facilities of the company are located in the Republic of Serbia. These are oil and gas fields, the Panchevo oil refinery, oil depots and a network of gas stations.

2025: US imposes sanctions on company

On January 10, 2025, the United States imposed sanctions against the Serbian company Oil Industry of Serbia (NIS), 56% of which belongs to the Russian Gazpromneft and Gazprom.

The sanctions are really serious, and can affect the economy of all of Serbia, as well as the loss of a large asset for Russia.

According to the leadership of Serbia, since the imposition of sanctions, nothing more can be done: even if Russia sells its part, the restrictions will immediately apply to buyers. The United States demands the complete withdrawal of Russian investors from NIS. The property management plan must then be approved by the US.

Serbia has 45 days for all this.

Russia does not want to lose NIS. Gazpromneft in 2008 acquired 50% + 1 share for 400 million euros. But the Russian company not only bought a controlling stake, it also received investment obligations. In particular, the agreement spelled out the construction of a 400-km section of the South Stream AG gas pipeline on the territory of Serbia and the formation of a regional hub for fuel transportation on the basis of the Banatsky Dvor gas storage facility. Gazprom also invested a huge amount of money in the restoration and modernization of the Refineria Panchevo refinery, which has become one of the most modern in Eastern Europe.

NIS is the largest energy company in the Balkans, which is engaged in the exploration, production and processing of oil and natural gas. NIS is also the owner of a network of more than 400 gas stations. From 2009 to 2016 alone, Gazprom-Neft's total investment in the development of NIS amounted to 2.5 billion euros. The company became the first most profitable in Serbia, with annual contributions to the state budget of more than 1.3 billion euros.

NIS is not just a company, but a kind of image project of Russia in Serbia. Since 2008, more than a thousand initiatives have been implemented on the basis of NIS: the transfer of ambulances to Serbian medical institutions, investments in eco-projects in 12 municipalities, the allocation of large funds for projects of the Serbian government in the field of education, health and social protection. Thus, the departure of Gazprom-Neft from Serbia will seriously hit not only the Serbian economy, but also the image of Russia, which it has been building for almost 20 years, wrote Rybar.

Ousting Gazprom from Serbia could lead to catastrophic consequences in a number of areas. Construction the Druzhba oil pipeline from Hungary Serbia will lose its feasibility, and Serbia will become even more dependent on Croatia oil supplies. In 2025, the agreement on the supply of Russian gas at extremely favorable prices for Belgrade expires, and its extension is in question. If agreements are not reached, Belgrade will have to buy at American LNG inflated prices. At the same time, alternative suppliers, including and, Azerbaijan will not Greece be able to fully replace Gazprom, since the volume of their supplies will not be enough.

Источник — «https://tadviser.com/index.php/Company:NIS_(Oil_Industry_of_Serbia)_NIS_A.D.»

The site content is translated by machine translation software powered by PROMT. The machine-translated articles are not always perfect and may contain errors in vocabulary, syntax or grammar. Read original article
If you find inaccuracies or errors in the results of machine translation, please write to editor@tadviser.ru. We will make every effort to correct them as soon as possible.

Simple Link

How to create a "smart plant": Key characteristics of a modern digital enterprise 9400

Model Studio CS: How to use BIM to give new impetus to the development of the fuel and energy complex 8700