NIS Serbia (Naftna Industrija Srbije) is a leading oil company engaged in the production, processing and sale of oil and gas.
The Serbian Oil Corporation (NIS) has come under pressure from the United States, which is demanding the withdrawal of Russian capital from the company. Serbian President Aleksandar Vučić is talking about the "toughest sanctions" from the United States. He announced that he will discuss the issue with Vladimir Putin. Serbia seeks extension on Russian exit from oil firm NIS amid US sanctions. Serbian media have reported interest in NIS from SOCAR, Azerbaijan's state-owned energy company, and British firm Shell. Croatian Economy Minister Ante Susnjar said state-owned oil pipeline operator Jadranski Naftovod (Janaf) could acquire Russia’s stake in Serbian oil company Naftna Industrija Srbije (NIS), calling the potential deal a “natural business symbiosis”. Russian gas giant Gazprom has practically exited the ownership of the Serbian Oil Industry (NIS), after its shares were acquired by the Russian company Intelligence, according to data published on the Belgrade Stock Exchange website. The United States has postponed the imposition of sanctions against Serbian energy company NIS for another eight days, Serbian media reported, citing President Aleksandar Vučić. NIS previously announced that the US Treasury Department had extended its special license until October 1. However, following negotiations between Vučić and the US, the sanctions were postponed until October 9, 2025. Russian owners of a majority stake in the Petroleum Industry of Serbia (NIS) are prepared to transfer control of the company to a third party due to US sanctions.
Partnership with Gazprom Neft; Gazprom has a 50% stake in NIS. Serbia expects US sanctions against local Gazprom Neft structure Serbian NIS, where 56.15% is owned by Russian companies, may fall under US sanctions as early as January 1, 2025, said the country's President Aleksandar Vucic. In 2022, the company's main shareholder, Gazprom (MOEX: GAZP) Neft, reduced its stake to avoid restrictive measures, and so Gazprom appeared in NIS's capital. Now Belgrade is talking about the need for a new reduction in the package. The most likely contender for the stake is the Serbian authorities, analysts believe. The United States has postponed sanctions against Russian-owned Serbian oil company NIS for the fifth and final time. The postponement will last for one month and will not be extended further, the energy minister said in a statement. Serbian oil company NIS announced the entry into force of US sanctions. In an official statement, the company noted that it has not yet received a special license from the US Treasury Department, which is necessary for uninterrupted operations.