Serbian oil agency NIS asks united state Treasury for a 90-day waiver of permissions

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    BELGRADE (Reuters) – Serbian oil agency NIS, which is majority-owned by Russia’s Gazprom Neft and Gazprom, has really despatched an official demand to the united state Treasury Department for a waiver of permissions for 90 days, Serbia’s energy ministry acknowledged on Tuesday.

    In a declaration, the ministry acknowledged that the NIS demand has the help of the Serbian and Hungarian federal governments.

    “We urgently request that OFAC (Office of Foreign Assets Control) consider immediate assistance, in the form of a suspension of sanctions for a minimum of 90 days, while a sustainable solution that would lead to the lifting of sanctions is considered,” the declaration acknowledged.

    It moreover acknowledged that NIS’s demand worries getting licenses that would definitely allow it to proceed operating whereas an choice to the possession framework and monitoring is regarded for.

    “The (Serbian) government … supports the request … because sanctions would impair the company’s ability to supply Serbian citizens with oil and oil derivatives,” the ministry acknowledged.

    Gazprom Neft and Gazprom have 50% and 6.15% dangers particularly within the agency which runs the one oil refinery in Serbia.

    The Serbian federal authorities holds an extra 29.87% with little traders making up the remainder.

    On Jan 10, Serbia’s President Aleksandar Vucic acknowledged Russian corporations had been offered 45 days to 45 days to depart their possession in NIS which any sort of provide would definitely should be accepted by OFAC.

    On Jan 14, Russian Foreign Minister Sergei Lavrov acknowledged that Moscow touched with Belgrade regarding NIS.

    Serbia obtains nearly all of its petroleum through Croatia’s pipe driver Janaf, whereby Hungary moreover imports a number of of its oil.

    NIS, among the many largest elements to Serbia’s state finances plan, had really approved an settlement with Janaf for the transportation of 10 million a number of oil through Croatia fromJan 1, 2024 tillDec 31, 2026.

    (Reporting by Aleksandar Vasovic; Writing by Angeliki Koutantou; Editing by Susan Fenton)



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