economy
April 11, 2026
"Don't Hoard Fuel"
Our job is to agree on the best option for the country, said Dubravka Đedović Handanović.
TL;DR
- Negotiations for acquiring the Russian stake in NIS are complex, with MOL and Gazprom Neft defending their interests.
- Serbia aims to secure the best possible option for the state in the NIS acquisition, prioritizing energy security and job preservation.
- Citizens are urged not to hoard fuel as the state has contingency plans and has increased strategic reserves of oil and petroleum products.
- NIS is operating under temporary licenses and procuring crude oil on the spot market, which is less favorable than long-term contracts.
- Serbia is working with OFAC and the US White House to facilitate NIS's removal from sanctions lists.
- The state has implemented measures like temporary export bans on fuel and excise tax reductions to stabilize prices.
- Serbia aims to increase its ownership share in NIS by five percent to gain more control over management decisions.
- Electricity prices in Serbia are among the lowest in Europe, and the gas arrangement with Russia has been extended, ensuring reliable and affordable supplies.
- Expansion of the "Banatski Dvor" underground gas storage facility is underway to increase capacity and energy security.
- A new underground gas pipeline from Kovin to Smederevo is being built to ensure the energy security of the Smederevo steel plant.