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Gazprom Neft cuts stake in Serbia’s NIS

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.

SeeNews · 21h

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.

Interfax · 18h

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.

Hosted on MSN · 16h

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.

SeeNews1h

U.S. delays NIS sanctions by 30 days - Vucic

"We have gotten an additional 30 days for NIS. One good news for citizens of Serbia," Vucic wrote in a post on Instagram. The ...

Reuters23d

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 ...

TASS11y

Gazprom’s sister company becomes second biggest exporter in Serbia

BELGRADE, December 09 /ITAR-TASS/. Naftna Industrija Srbije (NIS) or the Petroleum Industry of Serbia, a sister company of Russia’s Gazprom Neft, has become the second biggest oil and gas ...

The Washington Post4d

Gazprom, once a mighty tool of Russia, stumbles toward more modest future

Russia’s gas giant Gazprom was once so enormous it was called the country’s “second budget,” with huge revenue and outsize domestic and foreign influence. It handily weathered challenges ...

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