hydrocarbon

NIS invests RSD 4.9 billion in domestic hydrocarbon exploration

Serbian energy firm Naftna Industrija Srbije (NIS) has allocated approximately RSD 4.9 billion towards oil and gas exploration activities in the first quarter of the year. This investment highlights the company's commitment to enhancing domestic upstream production as Serbia navigates challenges related to energy security amidst regional supply fluctuations and the ongoing energy transition in Europe. The funds are directed at geological exploration, drilling operations, and modernizing existing production infrastructure within Serbia’s hydrocarbon fields. NIS indicated that this expenditure is…