Minister of Mining and Energy in a caretaker capacity Dubravka Đedović Handanović said that the Office of Foreign Assets Control (OFAC) of the US Department of the Treasury has extended the licence authorising the operation of Naftna Industrija Srbije (NIS) until 30 October, thereby enabling the company to continue its operations and the oil refinery in Pančevo to remain operational.
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US Department of Treasury extends NIS operating licence until 30 October
Belgrade,
30 September 2026
She assessed that the situation remains highly challenging, both due to geopolitical circumstances and rising energy prices, as well as difficult logistical conditions, low water levels on the Danube and problems with the import of petroleum products.
Therefore, we responded by releasing 5,000 tonnes of diesel from state reserves onto the market, in addition to the reduction in excise duties that we have been applying for months. The new 30-day extension of the licence enables the Pančevo oil refinery to continue operating and producing maximum quantities of petroleum products – diesel, petrol, kerosene and fuel oil, which is particularly important for us ahead of the upcoming heating season, the Minister said.
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Author: Ministry of Mining and Energy
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