crude oil transport

U.S. sanctions block crude oil shipment to Serbia, threatening operations at Pančevo Refinery

The transport of a crude oil shipment to Serbia has been blocked due to U.S. sanctions imposed on Naftna Industrija Srbije (NIS), Reuters reported, citing sources familiar with the situation. According to those sources, who spoke on condition of anonymity, Serbia has only a few days before the Pančevo oil refinery runs out of crude oil and is forced to halt production. The tanker “Maran Helios,” carrying one million barrels of Kazakh crude oil intended for NIS, arrived at the…