The Serbian Ministry of Mining and Energy convened a session of its standing working group on the national strategy for crisis situations in the oil sector, reviewing detailed contingency scenarios to maintain oil supply stability if US sanctions against NIS are enforced by the Office of Foreign Assets Control (OFAC).
Officials emphasized that Serbia currently holds sufficient crude oil and petroleum reserves and pledged to take all necessary measures to ensure uninterrupted energy supply for households and industry. Acting Assistant Minister Saša Koković noted that NIS submitted requests to OFAC in September to remove the company from the sanctions list and extend its existing license.
Contingency measures include increasing imports of crude oil and refined products and expanding transport capacities to secure supply routes. Koković also highlighted the recent opening of the Sremski Karlovci railway terminal, allowing multiple energy operators to use rail transport more efficiently for fuel distribution.
Tomislav Mićović, Secretary General of the Association of Oil Companies of Serbia, presented the October import plan, noting that volumes already exceed those of 2023. He stressed that a coordinated set of actions is ready to be activated in case of market disruptions, requiring close cooperation between government sectors to ensure Serbia’s energy security.
