Petroleum Industry of Serbia
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Native name
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Naftna Industrija Srbije |
|---|---|
| Traded as | : NIIS |
| Industry | Petroleum |
| Predecessor | Naftagas |
| Founded | Novi Sad, Serbia (1 October 2005) First founded 1949 |
| Headquarters | Novi Sad, Serbia |
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Key people
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Vadim Yakovlev (Chairman) Kirill Tyurdenev (General director) Kirill Kravchenko (CEO) |
| Products |
Petroleum Natural gas Petrochemicals |
| Services | Filling stations |
| Revenue |
 €1.556 billion (2016)
|
 €121.59 million (2016)
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| Total assets |
€3.032 billion (2016)
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| Total equity |
€1.632 billion (2016)
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| Owner |
Gazprom Neft (56.15%) Government of Serbia (29.87%) Others |
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Number of employees
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11,014 (2016) |
| Parent | Gazprom Neft |
| Website | nis |
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Footnotes / references Business ID: 20084693 Tax ID: 104052135 |
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Naftna Industrija Srbije (abbr. NIS; English: Petroleum Industry of Serbia) is a Serbian multinational oil and gas company with headquarters in Novi Sad, Serbia. The company's main business is the production of petroleum and natural gas exploration, production, importing, processing, transportation, and marketing of oil and oil products in Serbia.
The predecessor of NIS was the Company for Crude Oil Exploration and Production, incorporated in 1949. The company was renamed to Naftagas in 1953 which later incorporated oil refineries in Pančevo and Novi Sad, as well as the Azotara fertilizer plant. By the end of 1973 Naftagas integrated the retail company Jugopetrol (transformed into Naftagas promet).
NIS, in its present form, was established in 1991 as a public company for the exploration, production, refining and trade in crude oil, petroleum products and natural gas integrating the following companies: Naftagas, Gas, Energogas, Pančevo Oil Refinery, Belgrade Oil Refinery and Kruševac Lubricant Factory (FAM). This company gave rise to three other companies: NIS, Srbijagas, and Transnafta. In October 2005, NIS was transformed into a .
The privatization of NIS started in 2007. Several companies, including Gazprom Neft, MOL Group, OMV, Hellenic Petroleum and Rompetrol expressed interest in the company. 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. Adjoining contracts signed with Gazprom were about inclusion of Serbia in the South Stream gas-pipeline project and the construction of an underground gas storage facility in Banatski Dvor. On 24 December 2008, final contract between the Government of Serbia and Gazprom were signed.
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