US extends NIS license until July 31
The new OFAC extension lets NIS keep operating until July 31: the Pancevo refinery can process crude oil and the market can keep receiving fuel. Danas writes that NIS remains under US sanctions because of majority Russian ownership, while MOL-Gazprom Neft talks on selling the stake continue without a public outcome.
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Americans extend the license for NIS operations
Danas/BBC writes on July 1 that US authorities granted NIS a new extension for uninterrupted operations until the end of July, specifically July 31. The article says the extension lets the company keep supplying the fuel market and the Pancevo refinery continue processing crude oil. Danas recalls that NIS has been under US sanctions since October because of majority Russian ownership; MOL and Gazprom/Gazprom Neft talks on selling the majority stake continue, but their progress is not publicly known. Danas also gives the ownership structure: Gazprom Neft and Russian fund Inteligens hold 56.15 percent, Serbia 29.87 percent, and the rest is held by small shareholders.
NIS license extended: Pancevo refinery continues operating
Novosti reported on the evening of June 30 a statement by mining and energy minister Dubravka Djedovic Handanovic: NIS's operating license has been extended for another 30 days, until July 31. According to her, this means the Pancevo refinery will continue processing crude oil, which she called especially important during the global energy crisis.