Serbia secures sanctions waiver from U.S. for its Russian-owned NIS oil firm
The waiver lets Serbia’s only refinery keep running while talks continue over removing Russian control, officials said.
- The Treasury Department's Office of Foreign Assets Control extended the operating license for Serbian oil company NIS through Oct. 30, Serbia's government announced on Wednesday.
- Russian companies Gazprom and Gazprom Neft control about 56% of NIS, subjecting the firm to sanctions over Russia's invasion of Ukraine and requiring regular waivers to maintain operations at its Pan refinery.
- Serbia released 5,000 metric tons of diesel from state reserves amid high fuel prices, as Serbian Energy Minister Dubravka Handanovi emphasized keeping the Pan refinery at maximum capacity before the winter season.
- Hungarian energy group MOL is negotiating a potential takeover of NIS as Washington presses for divestment, though Handanovi noted that talks require additional time to complete.
- Belgrade remains heavily dependent on Moscow for natural gas; Serbia and Russia agreed on Wednesday to extend their existing gas arrangement for another three months, through the end of 2026.
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The Foreign Assets Control Authority of the U.S. Treasury (OFAC) extended the Hungarian MOL licence to continue negotiations on the Serbian NIS (into Gazprom Oil) until 30 October, as reported by MOL.
Amerikanci odobrili Janafu novo produljenje licence za nastavak suradnje s NIS-om
ZAGREB – Janafu je odobreno novo produljenje licence američkog Ureda za kontrolu strane imovine (OFAC), 30. listopada ove godine, priopćio je Janaf u četvrtak. Time je Janafu omogućena daljnja provedba ugovornih aktivnosti s Naftnom industrijom Srbije (NIS), u skladu […] Objava Amerikanci odobrili Janafu novo produljenje licence za nastavak suradnje s NIS-om pojavila se prvi puta na Novi list.
The Office of the Foreign Assets Control of the US Ministry of Finance (OFAK) has approved the permission to the Hungarian oil company MOL to continue negotiations on the purchase of a majority stake in the Oil Industry of Serbia (NIS), Radio-television of Serbia reported today.
MOL has received another US permit to continue negotiations related to the planned acquisition of a majority stake in Serbia's NIS, the relevant announcement reads. The permit is now valid until the end of October.
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