Naftna industrija Srbije (NIS) has agreed on the import of the first quantities of crude oil via the Adriatic Pipeline (JANAF), creating the conditions for the restart of production at the Pančevo Oil Refinery.
According to the company’s statement, the first quantities of crude oil are expected to be delivered during the coming week, while NIS is simultaneously planning the import of additional volumes. In line with the delivery dynamics, the company will begin start-up activities at the Pančevo refinery, which precede the full restart of production facilities.
Operations at the Pančevo Oil Refinery were suspended in early December last year due to a lack of crude oil for processing, caused by sanctions imposed on NIS by the United States Department of the Treasury.
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However, the situation has been partially resolved after the Office of Foreign Assets Control (OFAC) of the U.S. Department of the Treasury issued a special license to NIS on December 31, 2025, allowing the company to resume operational activities until January 23 of this year.
The license covers the restart of refining operations, the import of crude oil, as well as the execution of transactions necessary to ensure secure market supply and the technical maintenance of facilities.
Energy portal
