| Type | Public (BELEX: NIIS) |
|---|---|
| Industry | Oil and gas industry |
| Founded | 1991 |
| Headquarters | Novi Sad, Serbia |
| Key people | Vadim Iakovlev (Chairman) Kirill Kravchenko (CEO) |
| Products | petroleum natural gas petrochemicals |
| Revenue | US$ 6.132 billion (2011) |
| Net income | US$510.782 million (2011)[1] |
| Employees | 11,000 |
| Parent | Gazprom Neft |
| Website | www.nis.rs |
Naftna Industrija Srbije (NIS; Serbian: Нафтна индустрија Србије - НИС; meaning: Petroleum Industry of Serbia) is an oil company in Serbia. The company's main business is the oil and gas exploration, production, importing, processing, transportation, and marketing of oil and oil products in Serbia. It holds monopoly on all oil imports until 2011 except the high quality diesel fuel. NIS has its headquarters in Novi Sad, in the NIS building.
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The privatization of NIS started in 2007. Several companies, including Gazprom Neft, MOL, OMV, Hellenic Petroleum, Rompetrol and Lukoil expressed interest to acquire the company.[2] However, on 25 January 2008 Serbia and Russia signed an agreement giving 51% of NIS's shares to Gazprom Neft for €400 million and €550 million in investments until 2012.[3] Adjoining contracts signed with Gazprom were about inclusion of Serbia in the South Stream project and the construction of a gas reserve facility in Banatski Dvor. On 24 December 2008, final contract between the Government of Serbia and Gazprom were signed.[4] In January 2010. about 20% of remaining shares of NIS were distributed by the Serbian government to the Serbian citizens.
In October 2010, NIS began refurbishing its refinery in Pančevo, at a cost of US$26 million.[5]
The company is divided into four divisions:
In 2007 NIS had a profit of approximately 9 billion RSD (US$170 million) and 262 billion RSD (US$5 billion) of revenues. In 2007 NIS contributed to Serbian budget with approximately US$1.2 billion. It has 11,000 employees.
The company owns and operates oil refineries in Pančevo (annual capacity 4.8 million tons of crude oil) and Novi Sad (annual capacity 2.6 million tons of crude oil), and natural gas refinery in Elemir. It owns and operates 500 gas stations across Serbia, Bosnia and Herzegovina and Montenegro, as also eight large terminals, 44 warehouses, and aviation fuel pumping facility at Belgrade Nikola Tesla Airport.