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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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 ...
Novinite21d
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 ...
TASS1mon
US sanctions against NIS meant to force Serbia to join anti-Russian sanctions — deputy PM
with NIS being among them, on its sanctions list. Commenting on this move, Serbian President Aleksandar Vucic said that by blacklisting Gazprom Neft and Gazprom assets, Washington is seeking to ...