NIS reacts to receiving new operating license from US Treasury Department
The US Treasury Department has issued a new special license to Petroleum Industry of Serbia, NIS, which allows the company to continue operational activities until April 17, 2026, NIS announced today.
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The license was issued on March 19, the company said.
This license allows for maintaining operations, contracts and other agreements involving NIS or its subsidiaries, including refinery processing, crude oil imports, transactions necessary for security of supplies and technical maintenance, as well as financial settlements.
NIS expressed its gratitude to all domestic and foreign partners who supported the process.
The statement noted that the company has a significant impact on ensuring energy stability of the Republic of Serbia and supplying the domestic market with oil derivatives, especially in light of the newly emerging global circumstances, as well as the state of the global energy market.
(Telegraf Biznis/Tanjug)
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