Baku 24° C
Serbian oil firm NIS posts €104.5M loss in 2025
Energy
- 23 March, 2026
- 15:53
Add Report.az to preferred Google sources
Stay up to date with the top news!
Serbian oil company NIS ended 2025 with a net loss of €104.5 million, more than double the previously reported €47.5 million, according to its newly published financial report.
Report informs that the company attributed its financial difficulties to US sanctions imposed on its Russia-linked ownership structure, which took effect in October despite being announced earlier in the year.
NIS has obtained temporary licenses from the US multiple times to continue operations, with the latest license extended until April 17, while Hungary's MOL-interested in acquiring the Russian-owned stake-continues negotiations with the US Office of Foreign Assets Control (OFAC).
Author
Latest News
20:35
International coalition calls Armenia's hosting of COP17 a double standard
Foreign policy
20:20
Video
Video on Patriotic War shared on President Ilham Aliyev's social media accounts
Domestic policy
20:10
Ilham Aliyev congratulates National Paralympic Committee on 30th anniversary
Domestic policy
19:51
Celal Çiftçi publicly apologizes to Azerbaijan after being placed on wanted list
Foreign policy
19:37
Sweden to provide Ukraine with new $52.3 million aid package to support civilians during winter
Other countries
19:06
Azerbaijan readmits 52 people from European countries in September
Foreign policy
18:59
Photo
Azerbaijan, UAE discuss prospects for special forces cooperation
Military
18:41
CBA chairman links pace of economic diversification to 2027–2030 reforms
Finance
18:34
Taleh Kazimov: Rising oil and gas prices increase Azerbaijan's current account surplus
Finance