fuel market

Pančevo Refinery Exceeds One Million Tonnes in Q2 as NIS Returns to Profit

NIS restored crude-processing volumes at its Pančevo refinery to more than one million tonnes during the second quarter of 2026, marking a significant operational recovery after sanctions-related disruptions forced the facility to halt production temporarily at the end of 2025. The improved refinery performance helped the Serbian energy group return to profitability, although operations remain dependent on temporary sanctions licences and unresolved ownership issues. Gross refinery throughput reached 1.003 million tonnes in the three months to June, representing a 19%…