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Former energy official hopeful OFAC will approve NIS license extension to keep Pančevo refinery operating normally

Former Assistant Minister of Energy for Oil and Gas Raša Kojčić expressed hope that the U.S. Office of Foreign Assets Control (OFAC) will issue a positive response to the request submitted by the Russian shareholders of Naftna Industrija Srbije (NIS), allowing the Pančevo refinery to continue operating normally. “We need to wait for OFAC’s response and remain cautious, but I hope it will be positive so that our Pančevo refinery can keep running without pressure regarding crude oil supply through…

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