At the end of 2025, thanks to the government's complete lack of interest in solving problems, Serbia found itself in a triple energy problem - it is not known how the saga with the Serbian Oil Industry will be resolved, it is not known where Serbia will buy gas in the future, and the Electric Power Company of Serbia is not doing well either.
As many as 51 settlements in Serbia do not have an alternative to NIS gas stations, warned the Minister of Energy Dubravka Đedović Handanović, announcing that the state will deal with the supply in those areas because of US sanctions against this company.
Due to the introduction of restrictive measures by the United States of America, which entered into force on October 9, the work of the Serbian Oil Industry has been hampered
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"Petrochemistry will stop when it runs out of primary gasoline stocks, which is probably soon. All other branches of the economy and citizens will have problems if we have to rely entirely on imports and the consumption of reserves, because the price of fuel will rise, and thus inflation," warned energy security expert Petar Stanojević
Considering that the gross social product of Serbia is about 80 billion euros, and Nisa's income in 2023 was about 3,4 billion, where the added value is about 300 million, the share in GDP growth is less than half a percent, but the shutdown of the refinery also affects the rise in prices, as well as the foreign exchange market and the inevitable rise in inflation
The President of Serbia, Aleksandar Vučić, said that Serbia will not take anything away from anyone overnight, but rather gives a deadline of 50 days to find a solution for the ownership of NIS.
The plants of the NIS refinery in Pancevo are still operating, but they will be completely shut down in four days if the Americans do not extend the license to supply crude oil. Aleksandar Vučić gave the Russians 50 days to find a valid buyer for NIS, and if they don't do it, Serbia will place the company under state administration
The refinery is not shut down yet, but will be in four days unless the US government grants a crude oil supply license.
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After the new, dramatic TV episode of the public meeting of the Government of Serbia on the American sanctions against NIS, the audience is sitting on the edge of their seats and waiting for next week with many open questions - how much time do we have, what do the authorities intend and what can be done at all? What really awaits us in the series finale
The refinery in Pancevo will soon stop, if no solution is found for the sanctions against NIS. Reserves are not enough for the winter. Threats of shortages, black market and price increases
In the case of NIS, Serbia should at least emulate Bulgaria, which placed Lukoil under state management, says energy expert Miodrag Kapor for "Vreme".
Why is the President of Serbia, Aleksandar Vučić, trying hard to prevent the nationalization of NIS? And is there any other solution at all?
The Minister of Mining and Energy Dubravka Đedović Handanović stated that Serbia "has no life" without the Pančevo Refinery. The situation is so dramatic that she is even ready to resign
The state raised from the ashes an agreement with the Chinese on the construction of a refinery in Smederevo. This is Tomislav Nikolić's old deal, for which environmental organizations, as well as the oilmen themselves, are speaking to "Vreme" in order to improve the air in the city
Switzerland-based Gunvor has said it is withdrawing its bid to buy the international assets of Russia's Lukoil after the White House called it a "Kremlin puppet".
Energy expert Miloš Zdravković says that there will be no shortage of fuel, but the budget of Serbia will suffer enormous damage due to the sanctions on NIS. On the other hand, his colleague Željko Marković warns that disruptions in the oil derivatives market are inevitable
Oil supplies are still regular, officials say, but the question is how much longer - weeks or months
The proposal on the gradual abolition of Russian oil and gas imports until January 2028 was adopted at the meeting of the European Union's energy ministers. Negotiations with the European Parliament are pending
"The only solution for Serbia's energy stability - in the context of US sanctions on the Serbian oil industry - is the nationalization of this company or the forced takeover of its management. Vučić's government avoids this and in this way subordinates the interests of the citizens of Serbia to Russia. By the way, our country has the most expensive oil derivatives in the region due to Nisa's extremely monopolistic position on the market, and the consequences of the sanctions will most likely be additional price increases", are the accents from the conversation with Vasko Kelić, researcher at the Center for Economic Research of the Institute of Social Sciences and councilor of the Green-Left Front in the Belgrade municipality of Stari Grad
The authorities of Aleksandar Vučić have not done anything on energy security for years, so they have wasted these ten months, as the sanctions against NIS were delayed, Vasko Kelić from the Center for Economic Research told Vreme. Now there are only bad options on the table
Oil companies operating in Serbia have prepared for the import of larger quantities of oil derivatives due to the introduction of sanctions on NIS
Attempts for the state of Serbia to nationalize NIS, for two people close to the regime to buy the Russian share in NIS, for some Western oil company or investment fund to enter the ownership structure instead of the Russians failed. Who is now, as the only remaining solution acceptable to the authorities, rapidly registering a fleet of river tankers for the transportation of crude oil from the MOL warehouse in Hungary to the NIS refineries in Pancevo? What does it bring? Why did Serbia not decide on the bankruptcy of NIS
When the flow of oil stops, Serbia will try to procure it with the river fleet from Hungary, writes "Vreme" in its new issue.
After the Russian company NIS was covered by American sanctions, Janaf, with the support of the Croatian Government, managed to secure temporary permits for the continuation of the crude oil transport contract, the last one until October 8, 2025.
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