US extends operating license for Serbian oil company NIS until August 28
The US has extended the operating license for Serbia's NIS until August 28, securing crude oil deliveries via JANAF, though long-term uncertainty persists.
The United States Department of the Treasury's Office of Foreign Assets Control (OFAC) has extended the operating license for Naftna Industrija Srbije (NIS) until August 28. The extension permits the company to continue receiving crude oil shipments for its refinery in Pančevo via the Adriatic Pipeline (JANAF).
Despite the temporary extension, Serbian Minister of Mining and Energy Dubravka Đedović Handanović noted that operational uncertainty regarding the company's future persists. NIS, which is majority-owned by Russian energy firms, faces ongoing regulatory and commercial pressure due to Western sanctions targeting Russian entities. The decision grants short-term stability to Serbia's domestic energy supply while broader talks regarding the firm's long-term standing continue.
Sources: HRT Vijesti.