President of the Republic of Serbia Aleksandar Vučić stated today, after a meeting with the teams responsible for the country’s energy stability and security, that we have not received a positive decision from the US for a license to continue the operation of Naftna Industrija Srbije (NIS), which is why the Serbian side has given permission to close the Pančevo Refinery.
Q:
A:
Serbia has not received positive decision from US over NIS
Belgrade,
2 December 2025
Vučić announced that the Minister of Mining and Energy will inform NIS today that we have no indication that the US will grant a license to operate the Pančevo Refinery, which will cause its operation to cease.
It is unequivocal that the Russians do not want to sell their ownership stake in NIS, and money is not at stake at all, but politics, the President emphasised, adding that there is no reason for any panic, because there is enough all oil derivatives.
He said that the state, at its own risk, will ensure payment operations for NIS by the end of the week and that the company has enough time to pay its obligations to all suppliers and pay its employees, as well as to prepare them for everything that follows.
According to him, enough kerosene has been provided, so that air traffic will also function completely normally.
We will have enough fuel until the end of January and, as we announced, we will make a final decision on 15 January if, in the worst case, they do not complete talks with potential buyers by then, Vučić emphasised.
The President of Serbia also announced that if Serbia does not receive a gas contract with Russia by Friday, it will start negotiations on the purchase of gas from another party as early as Monday.
-
Author: Tanjug
-
Belgrade, 2 December 2025Spanish companies invited to invest in Serbian agriculture
-
Belgrade, 26 November 2025Highest level of cooperation, information exchange with Hungary in field of energy
-
Belgrade, 25 November 2025OFAC’s decision on NIS licence in next four days
-
Belgrade, 24 November 2025State to maintain stability of oil derivatives supply
-
Belgrade, 22 November 2025"Wine Vision by Open Balkan” international fair opened
-
Belgrade, 27 October 2025Construction of Selova dam of vital importance for southeast Serbia
-
Belgrade, 22 October 2025First 19 resolutions awarded under IPARD III for procurement of new tractors
-
Šid, 21 October 2025Superior Foods example of successful Serbia-Hungary cooperation
-
Belgrade/Washington, 17 October 2025Confirmation of Serbia’s position as attractive investment destination
-
Belgrade/Washington, 16 October 2025Serbian economy maintains stability amid global challenges