Enjoying ad-free content?
Since July 1, 2024, we have disabled all ads to improve your reading experience.
This commitment costs us $10,000 a month. Your support can help us fill the gap.
Support us
Our journalism is banned in Russia. We need your help to keep providing you with the truth.

NIS Doubling Fuel Exports

BELGRADE — Naftna Industrija Srbije, a Serbian oil company controlled by Gazprom Neft, expects to double foreign sales of jet fuel by 2020, following upgrades at its Pancevo refinery.

The exports are seen rising to more than 20,000 tons, mainly to neighboring Romania and Hungary, with the possible addition of Bulgaria as a new market, Aleksandar Medvedev, a NIS director of foreign sales, said Tuesday. NIS, the only refiner in Serbia, already covers more than 90 percent of the Serbian market of more than 70,000 tons of jet fuel a year, he said.

"We don't expect a strong growth of the Serbian market, but there will be solid demand in the region," said Milan Nikic, NIS' chief for jet fuel sales.


… we have a small favor to ask. As you may have heard, The Moscow Times, an independent news source for over 30 years, has been unjustly branded as a "foreign agent" by the Russian government. This blatant attempt to silence our voice is a direct assault on the integrity of journalism and the values we hold dear.

We, the journalists of The Moscow Times, refuse to be silenced. Our commitment to providing accurate and unbiased reporting on Russia remains unshaken. But we need your help to continue our critical mission.

Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just $2. It's quick to set up, and you can be confident that you're making a significant impact every month by supporting open, independent journalism. Thank you.

paiment methods
Not ready to support today?
Remind me later.

Read more