US EditionLicense of Serbian NIS Extended Again, Negotiations on Ownership Ongoing
6 Articles
6 Articles
Serbian President Aleksandar Vučić stated today that the energy situation is difficult and complicated, among other things due to deadlines looming for the Oil Industry of Serbia (NIS) in connection with US sanctions, and announced that measures to prevent a larger increase in oil prices will be announced as soon as possible.
The American OFAK extended the license to that company until April 17, and earlier they gave a deadline for the sale to be completed by March 24. Until then, the fuel that is the most expensive in
License of Serbian NIS extended again, negotiations on ownership ongoing
BELGRADE – The Office of Foreign Assets Control (OFAC) of the US Department of the Treasury has extended the operating license for Serbia’s Oil Industry (NIS) until 17 April 2026, the Serbian Ministry of Mining and Energy announced today. NIS requested a new special license from OFAC on 12 March, which would allow it to continue its operations smoothly after 20 March, when the current license, issued on 20 February, was set to expire. Meanwhile,…
"The extension of the license by almost a month is particularly important now that oil prices are jumping ... daily," Energy Minister Dubravka Đedović Handanović said in a statement.
The Office of Foreign Assets Control (OFAC) of the US Treasury Department has extended the license to operate the Oil Industry of Serbia until April 17, 2026.
As he said, everyone can imagine what kind of problems would arise for us if OFAC's decision is negative.
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