economy
March 25, 2026
"Literally buying wherever possible": From which countries is NIS currently sourcing oil?
Such a scramble for crude oil on the world market has not been remembered for a long time. As a representative of the International Energy Agency recently stated, the scale of the crisis caused by the war in Iran can be compared to the two oil shocks of the 70s of the last century and the crisis at the beginning of the war in Ukraine. More precisely, these three past crises together are equal to the current one. NIS is not spared either.
TL;DR
- Global crude oil demand is at a historical high, comparable to major past crises.
- NIS is sourcing crude oil from countries including Norway, Guyana, Iraq, Kazakhstan, and the USA.
- Russian oil is excluded from NIS's supply due to sanctions.
- NIS assures that all its gas stations are regularly supplied with all types of petroleum products.
- The company is adapting its business models and taking measures to ensure business stability, crude oil procurement, and market supply security.
- NIS adheres to government regulations regarding petroleum product pricing.