NIS and Petrohemija face losses due to sanctions, oil price drop, and costly inventories, but maintain supply stability and jobs.
Pančevo-based Petrohemija operated at significant losses in 2023 and the first half of 2025, though net loss decreased from 18.3 to 7.6 billion dinars. The company remains chronically unprofitable, straining NIS Group’s finances.
Serbian Oil Industry (NIS) recorded its worst financial result in five years in H1 2025, with a loss of 3.6 billion dinars. Key factors include ongoing threats of US sanctions, a 15% drop in crude oil prices, the impact of expensive stockpiles, and Petrohemija’s negative results.
Despite financial challenges, NIS has managed to maintain stable fuel supply in the domestic market and preserve jobs, prioritizing operational continuity amid difficult business conditions.
