The Serbian Government is exploring the possibility of purchasing strategic energy assets owned by oil company NIS, as authorities aim to strengthen control over critical energy infrastructure amid ongoing turbulence in global energy markets.
The issue was discussed during talks between Energy Minister Dubravka Đedović and NIS CEO Kirill Tyurdenev, with a particular focus on the Plandište wind project. According to the Minister, the state is interested in acquiring the 50% stake in the renewable energy facility currently owned by NIS.
The Government described NIS (Naftna industrija Srbije) as a key pillar of the country’s energy security system, noting its significant role in shaping wholesale fuel prices due to its dominant market position. Officials emphasized the importance of continued coordination with the company in order to maintain stability in the domestic fuel market.
According to the Ministry, NIS processes roughly 20% of domestically produced crude oil and currently operates under conditions that allow for stable business performance. Authorities also highlighted ongoing cooperation with the company and its readiness to respond to state requests during periods of market uncertainty.
The Government reiterated that energy security remains one of its highest economic and political priorities. Officials expressed expectations that NIS will continue acting as a reliable partner, particularly in the context of heightened volatility in global oil markets.
The Ministry stated that crude oil processing at the refinery is expected to reach around 326,000 tons in May, close to full operational capacity. At the same time, contracted crude oil deliveries for the month amount to approximately 240,000 tons, ensuring continuity of supply.
The Government also called on NIS to guarantee uninterrupted fuel distribution across the country, including smaller municipalities dependent on company supply chains. Authorities additionally requested that fuel reserves be increased to the highest possible level to prepare for potential disruptions.
Serbia has already introduced several emergency measures to stabilize the market, including the release of 65,000 tons of diesel from state reserves and a 25% reduction in excise duties on fuel. Officials acknowledged that these measures have significantly reduced budget revenues but stated they were necessary to prevent shortages and stabilize domestic fuel prices.
