NIS GaspromNeft Petroleum Industry of Serbia

NIS a.d. was incorporated on 1st October, 2005 as Company for exploration, production, processing, distribution and trade of oil and oil products and exploration and production of natural gas “Petroleum Industry of Serbia“ a.d. Novi Sad, a closed Shareholding Company whose sole owner is the Republic of Serbia. The predecessors of the existing NIS were: company for the exploration and production of crude oil and natural gas “Naftagas” established in 1949, trading company “Jugopetrol” founded in 1953. oil refineries in Pančevo and Novi Sad started up in 1968 and few other companies dealing with petrochemicals and fertilizers. In 1991. the Republic of Serbia has unified oil economy into Petroleum Industry of Serbia. NIS a.d. is a leading company in Serbia and one of the largest petroleum companies in the countries of the Southeast Europe. In the regional framework NIS filling stations and storages make the backbone of the oil product supply network to the traffic routes in the country.