Serbia's Russian-Owned Nis Refiner Buys First Crude Since ...

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Economist Ljubodrag Savić said today that it is good news that the Oil Industry of Serbia (NIS) has contracted to import oil through JANAF.

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At the same time, NIS announced that it had contracted to import oil through Janaf.

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Although rarely spoken openly, Serbia's energy reality today is very clear: its oil supply is entirely dependent on a single Croatian company. It is JANAF, a state-owned company from Croatia that operates a key oil pipeline through which Serbia imports crude oil. Without this route, Serbia would not be able to supply its domestic market with fuel without any problems. Why does Serbia depend on JANAF? Serbia has no access to the sea, nor an alter…

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On December 31, the US Ministry of Finance issued a special license to NIS, which again enables the performance of operational activities.