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The Provincial Secretariat for Urban Planning and Environmental Protection approved the Environmental Impact Assessment Study by (Oil Industry of Serbia) NIS on the potential use of an additional extraction method to increase oil production.
20.11.2025. 15:44
The project concerns extraction at the Velebit oil field near Kanjiza.
The decision states that the Environmental Impact Assessment Study indicates that the proposed project does not endanger environmental factors and does not pose a threat to the environment.
It is also stated that the project holder is obliged to begin implementation, meaning construction and execution of the project, within two years of receiving this approval; otherwise, the existing environmental impact study must be updated.
President of Serbia Aleksandar Vucic stated that he is aware of three partners with whom the Russians are negotiating the sale of their stake in the Petroleum Industry of Serbia (NIS), and that he hopes they will complete the transaction.
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At the ceremonial promotion of the European expansion of the Newsmax Balkans, held in the very center of the U.S. capital, members of Congress, influential figures from America’s political and business circles, as well as top management of the U.S. cable channel Newsmax and Telekom Srbija, gathered.
14:00Pre 109 d20.11.2025.
AutorThe explanation highlights that the project holder, NIS, submitted a request on September 22nd this year for approval of the Environmental Impact Assessment Study for examining the possibility of applying an additional extraction method aimed at increasing oil production at the Velebit oil field.
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