Introduction to Naftna Industrija Srbije (NIS)

Naftna Industrija Srbije (NIS) is a Serbian multinational oil and gas company that holds great significance as one of the most profitable companies in Serbia. With its headquarters located in the iconic NIS building in Novi Sad, NIS has established itself as a key player in the energy sector, contributing significantly to the country’s economy.

Established in 1991 as a public company, NIS initially focused on the exploration, production, refining, sales, and distribution of oil, petroleum products, and natural gas. Over the years, it has evolved into a comprehensive energy company, offering a wide range of services and products to meet the energy needs of Serbia and beyond.

The success of NIS can be attributed to its strategic investments in state-of-the-art infrastructure, cutting-edge technology, and a dedicated workforce. The company operates two major refineries in Novi Sad and Pančevo, which play a vital role in the country’s energy infrastructure.

As one of the largest domestic exporters, NIS contributes significantly to the Serbian economy. The company employs around 11,000 people in Serbia and the region, making it a major employer and a driver of economic growth.

Moreover, NIS has a strong commitment to sustainability and social responsibility. It actively supports various initiatives and projects aimed at improving the well-being of communities, protecting the environment, and promoting sustainable development.

In conclusion, Naftna Industrija Srbije (NIS) is not only a leading multinational oil and gas company but also a symbol of success and progress. Its headquarters in Novi Sad stand as a testament to its achievements and its commitment to driving the energy sector forward. As NIS continues to expand its operations and explore new avenues, it remains a cornerstone of Serbia’s economic development, contributing to the country’s energy security and prosperity.

History of NIS: From its Establishment to Present

Naftna Industrija Srbije (NIS) has a rich history that dates back to its establishment as a unified company in the oil industry. Since its inception, NIS has played a vital role in the energy sector of Serbia, contributing significantly to the country’s economic growth.

NIS traces its roots to 1949 when the foundations of the Yugoslav oil industry were just beginning to take shape. Over the years, NIS has faced numerous challenges, including the destruction of production companies during times of conflict. However, the company has shown resilience and determination in overcoming these obstacles.

One of the key factors contributing to NIS’s success is its state-of-the-art refineries in Novi Sad and Pančevo. These refineries play a crucial role in the production and distribution of petroleum products, ensuring a steady supply of high-quality fuels for domestic and international markets.

The importance of these refineries extends beyond just meeting the energy demands of the country. They also contribute significantly to the local economies, creating job opportunities and fostering economic development in the regions where they are located.

Today, NIS stands as one of the most prominent multinational oil and gas companies in Serbia. With its headquarters in the iconic NIS building in Novi Sad, the company employs thousands of skilled professionals who are dedicated to driving innovation and excellence in the energy sector.

As NIS continues to evolve and expand its operations, it remains committed to delivering high-quality products and services to its customers. The company’s focus on technological advancements and its dedication to sustainable practices have positioned it as a leader in the oil and gas industry.

Ownership Structure of NIS

Naftna Industrija Srbije (NIS) has an interesting ownership structure that plays a crucial role in its operations. The company operates with a diverse range of shareholders, including both domestic and international entities.

The largest shareholder of NIS is Gazprom Neft, a Russian oil company, which owns 50% of the share capital. This significant ownership stake demonstrates the strategic partnership between NIS and Gazprom Neft.

The Government of Serbia holds a substantial portion of the company’s shares, with 29.87% ownership. This indicates the government’s commitment to the development and stability of the oil industry within the country.

In addition to the major shareholders mentioned above, the remaining shares of NIS are owned by various stakeholders. Citizens of Serbia have the opportunity to become shareholders and participate in the company’s growth, allowing them to benefit directly from its success. Employees and former employees also hold a portion of the shares, further reinforcing their connection and dedication to the company’s success.

NIS also has minority shareholders who hold smaller stakes in the company. These shareholders play a significant role in the company’s governance and decision-making processes.

Contribution of Naftna Industrija Srbije (NIS) to the Economy of Serbia

Naftna Industrija Srbije (NIS) plays a significant role in the economy of Serbia, serving as the largest budget provider in the country. Through its operations in the oil and gas sector, NIS has made substantial contributions to the export industry and has played a crucial role in driving the overall economic growth of Serbia.

NIS has been instrumental in generating revenue for the Serbian government, making it a vital source of funds for various public initiatives and projects. The company’s profits have enabled the government to invest in infrastructure development, healthcare, education, and other key sectors.

The export industry in Serbia has also greatly benefited from NIS. The company’s products, including refined petroleum products and natural gas, have been exported to markets both within and outside of Serbia. These exports have not only contributed to the country’s foreign exchange earnings but have also promoted international trade and enhanced Serbia’s reputation as a reliable energy supplier.

One of the key factors that sets NIS apart is its commitment to technological advancements and innovation in the oil and gas sector. The company continually invests in research and development to improve efficiency, reduce environmental impact, and enhance the quality of its products and services.

Moreover, NIS actively collaborates with local universities, research institutions, and other companies to foster innovation and knowledge sharing. This collaborative approach has led to the development of advanced technologies and solutions that not only benefit NIS but also contribute to the growth of the wider Serbian economy.

Services and Products Offered by NIS

Naftna Industrija Srbije (NIS) is a Serbian multinational oil and gas company that offers a wide range of services and products to meet the energy needs of Serbia and beyond. With a focus on delivering high-quality products, NIS plays a crucial role in the exploration and production, refining, energy, and transportation sectors.

Exploration and Production:

NIS is the only company in Serbia engaged in the exploration and production of oil and gas, ensuring a steady supply of energy resources. Through advanced technologies, NIS supports production operations and manages oil and gas reserves.


NIS operates state-of-the-art refineries in Novi Sad and Pančevo, refining crude oil into high-quality petroleum products, including gasoline, diesel, aviation fuel, and lubricants.


NIS is a major player in the energy sector, supplying electricity and heat to residential, commercial, and industrial customers.


NIS ensures the efficient distribution of its products through an extensive transportation network, including pipelines, storage facilities, and a fleet of tankers.

NIS remains committed to excellence in its services and products, continuously striving to exceed customer expectations. The company’s dedication to innovation, sustainability, and meeting the energy needs of Serbia and beyond has established NIS as a trusted leader in the oil and gas industry.

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