OFAC extended the license for NIS
The Office of Foreign Assets Control (OFAC) of the U.S. Department of the Treasury has extended the license for the Petroleum Industry of Serbia (NIS) to operate until April 17, 2026.
7:30
20.3.2026.
40 d
The Office of Foreign Assets Control (OFAC) of the U.S. Department of the Treasury has extended the license for the Petroleum Industry of Serbia (NIS) to operate until April 17, 2026.
7:30
20.3.2026.
40 d
Serbian President Aleksandar Vučić stated that the refinery in Pančevo must operate and that this obligation is included in the contract with MOL.
9:50
27.1.2026.
92 d
Energy Minister Dubravka Djedović Handanović stated that NIS has submitted a request to OFAC to allow NIS to continue its operations, while further discussions are underway to successfully complete the transaction between Gazprom Neft and MOL.
10:19
20.1.2026.
99 d
MOL Group has signed the main provisions of a binding framework agreement (Heads of Agreement) with Gazprom Neft for the purchase of a 56.15% stake in the Serbian company Naftna Industrija Srbije (NIS).
20:08
19.1.2026.
100 d
The President’s media adviser, Suzana Vasiljević, stated today that talks on the takeover of the Russian stake in NIS have reached the final stage, and she expects negotiators to send the final document to the U.S. OFAC by the end of this week.
11:09
16.1.2026.
103 d
Serbian President Aleksandar Vučić has just concluded talks with the top leadership of Hungary’s MOL regarding the potential purchase of the Serbian Oil Industry (NIS) by the Hungarian company, Kurir reports.
11:07
12.1.2026.
107 d
Serbian President Aleksandar Vučić said today that he expects 2026 to be the best year so far and emphasized that there will be no economic problems if the refinery issue is resolved, although various political pressures are possible.
7:17
2.1.2026.
117 d
Russian Ambassador Alexander Botsan-Kharchenko stated today that a solution is being sought for Naftna Industrija Srbije (NIS), which, as Vladimir Putin said, will primarily be in the spirit and framework of the friendly relations between the two countries.
9:44
26.12.2025.
124 d
The U.S. Office of Foreign Assets Control (OFAC) has issued a new license to Serbia’s Oil Industry (NIS).
20:15
24.12.2025.
126 d
Serbian President Aleksandar Vučić said that Serbia has an agreement to extend gas supply for another three months.
11:45
23.12.2025.
127 d
Serbian President Aleksandar Vučić said he expects significant news about NIS in the coming days and does not think it will be necessary to wait until January 15.
13:19
16.12.2025.
134 d
The President of Serbia, Aleksandar Vučić, is holding a meeting with teams responsible for the country's energy stability and security.
11:21
8.12.2025.
142 d
Serbian President Aleksandar Vučić met with teams responsible for the country’s energy stability and security.
15:05
2.12.2025.
148 d
The President of Serbia, Aleksandar Vučić, announced that if Serbia does not receive a gas agreement with Russia by Friday, it will begin negotiations on procuring gas from another source as early as Monday.
14:14
2.12.2025.
148 d
Talks are underway regarding the possibility that the Hungarian oil and gas company MOL could acquire a stake in the Serbian NIS, Hungarian Prime Minister’s Chief of Staff Gergely Gulyás said today.
12:53
27.11.2025.
153 d
Serbia’s Speaker of the National Assembly, Ana Brnabić, stated that an amendment to the Budget Law will be proposed in the Serbian Parliament, which will outline the circumstances under which Serbia would have to take over NIS.
11:35
26.11.2025.
154 d
The Government of the Republic of Serbia held an extraordinary session today to review the country’s energy situation.
10:50
24.11.2025.
156 d
The President of the Republic of Serbia, Aleksandar Vučić, met with the teams responsible for the country’s energy stability and security.
19:39
23.11.2025.
157 d
Aleksandar Vučić stated today that he plans to offer Americans a formal statement regarding NIS and expressed confidence that the U.S. will understand Serbia’s position, demonstrate a cooperative partnership, and grant NIS a license to continue operations.
22:35
21.11.2025.
159 d
President Aleksandar Vučić stated today that in the next two to three days, talks will be held with the U.S. regarding obtaining a license to ensure the uninterrupted operation of NIS, so that the refinery can continue working until negotiations are completed.
18:06
20.11.2025.
160 d
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29.4.2026.
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