Gazprom Neft cuts stake in Serbia’s NIS

Gazprom Neft cuts stake in Serbia’s NIS as US sanctions loom
Russia's Gazprom Neft transferred stakes of around 5.15% in Serbia's NIS oil company to Gazprom , in an attempt to ward off U.S. sanctions that could result in crude supply cuts for the Balkan country.
Gazprom Restructures NIS Holdings Amid Looming US Deadline
Russia’s Gazprom Neft has reduced its ownership in Serbia’s top oil company, NIS, just as a US-imposed deadline on sanctions approaches. The move aims to prevent potential penalties that could cut off Serbia’s oil supply.
Gazprom Neft transfers 5.15% stake in Serbia's NIS to parent Gazprom
February 26 (SeeNews) - Russia's oil major Gazprom Neft has transferred a 5.15% stake in Serbia's oil and gas group NIS [ BEL:NIIS] to its parent Gazprom, bourse filings by the two Russian companies showed on Wednesday, a day before U.S. sanctions against Serbia's sole refiner are set to come into effect.
Gazprom Neft transfers 5.15% of shares in Serbian NIS to Gazprom
Gazprom Neft has transferred 5.15% of the shares in the Serbian company NIS to Gazprom , the Belgrade Stock Exchange said. Gazprom Neft previously owned 50% of NIS and Gazprom owned 6.15%. Gazprom Neft currently owns 44.
Serbia in talks with US, Russia as oil sanctions deadline looms
Serbia is in last minute talks with the United States and Russia ahead of a Thursday deadline to avoid U.S. sanctions on oil company NIS that could result in crude supply cuts, Energy Minister Dubravka Djedovic Handanovic said on Wednesday.
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Serbia's energy minister rules out fuel shortages as U.S. sanctions loom
Serbia's energy minister Dubravka Djedovic Handanovic said on Wednesday that the country will not face fuel shortages as a ...
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Serbian oil company NIS asks U.S. Treasury for a 90-day waiver of sanctions
BELGRADE, Feb 4 (Reuters) - Serbian oil company NIS, which is majority-owned by Russia's Gazprom Neft (SIBN.MM), opens new tab and Gazprom (GAZP.MM), opens new tab, has submitted a formal ...
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Gazprom-Backed NIS Weighs Exit from Bulgaria and Romania After Financial Losses
Serbian oil and gas company NIS, controlled by Russia’s Gazprom, is considering exiting its operations in Bulgaria and Romania due to ongoing difficulties in both markets, SeeNews reports.
Serbia shores up oil reserves as seeks delay of U.S. sanctions on oil company NIS
Serbia is shoring up its crude oil and fuel reserves as the country presses on with talks with the United States and Russia ...
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US, UK unveil widespread sanctions against Russia's energy sector
Serbian President Aleksandar Vucic announced plans to speak with Putin about the sanctions, which also affect Petroleum Industry of Serbia (NIS), majority-owned by Russia's Gazprom Neft and its ...