NIS’s main refinery in Pancevo, just east of Belgrade, has relied on crude imports through a pipeline in neighboring Croatia. Anticipating that the ever-tightening sanctions may render the pipe unusable for NIS, Serbia has made plans to link to crude supplies from the Druzhba pipeline via Hungary.
Serbia can pay Gazprom Neft PJSC and Gazprom PJSC to exit the Balkan country’s only refiner in order to preserve local fuel production after it became ensnared in new US sanctions on Russia’s oil industry.