Serbian Refinery NIS Restarts Operations Under Temporary US Sanctions Relief

NIS has resumed Pancevo refinery operations after a US sanctions reprieve. The company secured crude imports through February and plans diesel delivery by Jan 27.

Insights:
NIS a.d. Novi Sad has officially resumed activities at its Pancevo refinery in Serbia RSRSfollowing a temporary sanctions reprieve from the United States USUS. The facility, which stands as the only refinery in Serbia, has successfully secured enough Crude Oil WTI to maintain its production schedule through February. According to company officials, the first quantities of diesel are expected to be delivered to the market on January 27.
FILE PHOTO: A drone view shows Serbia's majority Russian-owned NIS oil refinery in Pancevo, Serbia, November 27, 2025. REUTERS/Marko Djurica/File Photo
FILE PHOTO: A drone view shows Serbia's majority Russian-owned NIS oil refinery in Pancevo, Serbia, November 27, 2025. REUTERS/Marko Djurica/File Photo
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