OFAC extends NIS license
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The U.S. Department of Treasury’s Office of Foreign Assets Control (OFAC) has issued a new operating license to the Serbian Oil Industry (NIS), extending it through October 30. This allows the company to continue its operations, including Pančevo Oil Refinery.
NIS submitted a new application to the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) on September 24 for a special license that would allow the company to continue its operational activities without interruption after September 30, when the previous license expires. "We have received another extension of the U.S. OFAC operating license for NIS, which is good news for Serbia, especially given the start of the winter season. The situation
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