Continue Reading
Full article on OilPrice.com
U.S. Sanctions Force Russian Move to Relinquish Control of Key Serbian Oil Asset
Market Intelligence Analysis
AI-Powered
Why This Matters
The US sanctions on Russia's oil industry have led to Russian owners of Serbia's only refinery, NIS, seeking to relinquish control to a third party, potentially affecting the facility's operations.
Market Impact
Market impact analysis based on bearish sentiment with 71% confidence.
Sentiment
Bearish
AI Confidence
71%
Article Context
Note: This is a brief excerpt for context. Click below to read the full article on the original source.
The Russian owners of Serbia’s only refinery Naftna Industrija Srbije (NIS) have requested an extension of a U.S. license to operate as they negotiate to cede control of the facility to a third party, Serbian Energy Minister Dubravka Dedovic Handanovic said on Tuesday. Gazprom Neft and Gazprom affiliates hold a majority stake in NIS, with the Serbian state owning the remaining 29.9%. The U.S. has waived the sanctions against NIS several times since it sanctioned Russia’s oil industry in January this year. The sanctions on…
Original article published by
OilPrice.com
on November 11, 2025.
Analysis and insights provided by AnalystMarkets AI.
Analysis and insights provided by AnalystMarkets AI.