NIS applies to OFAC for new special operating license

In its request, NIS emphasized the critical importance of maintaining stable operations for the Serbian economy, particularly in light of global volatility and current conditions in the world oil market. The company also noted that negotiations regarding a change in its ownership structure have reached an advanced stage, according to a statement on its website.

NIS expressed its gratitude to all domestic and international institutions supporting efforts to ensure the company can continue to operate smoothly and contribute to Serbia’s energy stability.

In addition to the operating permit, NIS holds a separate license, valid until March 24, which allows for negotiations regarding the exit of its Russian majority owners from the company.

Back in January, the majority shareholder, Gazprom Neft, submitted a draft sales agreement to divest its stake to the Hungarian oil and gas company, MOL.