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President of Serbia Aleksandar Vucic stated that he has information indicating that OFAC could make a positive decision regarding granting a license to the Serbian Oil Industry (NIS) to continue the company’s operations, but that the decision of the U.S. State Department is still pending.
27.11.2025. 17:19
“That decision has not been made yet. This puts us in an extremely difficult position, which we are prepared for. We did not expect it; we were hoping and expecting something else, but we are prepared, and citizens do not need to worry,” Vucic said in a statement to the media after receiving the Istvan Pastor Foundation award at the City Hall in Subotica.
Speaker of the National Assembly of Serbia Ana Brnabic said she believes that during the meeting between President Aleksandar Vucic and Chairman of the Gazprom Management Board Aleksandr Dyukov, the Russian side will accept one of the proposed solutions regarding NIS.
15:44Pre 44 d27.11.2025.
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Minister of Foreign Affairs and Trade Péter Szijjártó announced, after a meeting with Minister of Mining and Energy Dubravka Djedovic Handanovic, that the company MOL will increase its oil exports to Serbia two and a half times.
14:18Pre 45 d26.11.2025.
AutorWhen asked by journalists how Serbia is preparing in case the Pancevo refinery ceases operations, Vucic said he expects the refinery to exit warm circulation on Saturday or Sunday.
“At that point, the refinery will probably have to be shut down. So far, we have not received any signal that we will obtain the license from the U.S. If that happens, we will need, at best, to work around the clock from the day the license is granted, for 15 to 16 days, in order to resume production of petroleum products and ensure that the first diesel comes out of the refinery,” Vucic said.
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The company NIS has arranged the import of initial quantities of crude oil via the Adriatic Pipeline (JANAF) for the needs of the Pancevo Refinery, which will enable the resumption of production at the Pancevo Oil Refinery.
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President Aleksandar Vucic stated that he hopes Serbia will be able to purchase at least an additional five percent stake in Naftna Industrija Srbije (NIS) in the coming period, which would give the state full oversight and influence over the actions of the majority owner.
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