Naftna Industrija Srbije (NIS)

Naftna Industrija Srbije (NIS) is one of the leading energy companies in South-East Europe. It was founded in 1949 and over the years has become a key player in the region’s oil and gas sector. The company is headquartered in Novi Sad, and its majority owner since 2008 has been the Russian company Gazprom Neft, which holds a 56.15% stake, while the rest belongs to the Republic of Serbia and minority shareholders.

History and development

Naftna Industrija Srbije began as a national oil company responsible for the exploration, production, refining and distribution of oil and gas in Serbia. During the 2000s the company went through major changes as a result of privatisation.

Key moments in the company’s history:

• 1949: the company is founded.
• 1970s and 1980s: production expands and refineries are modernised.
• 2008: Gazprom Neft becomes a strategic partner.
• 2012: refinery modernisation and investment in renewable energy begin.

Today Naftna Industrija Srbije operates across the whole oil and gas chain, including exploration, production, refining, trading and sales.

Business results in 2023 and 2024

In 2023 NIS made a net profit of €310 million, with total revenue of more than €2.5 billion. The number of employees reached 11,500 across the region, including Serbia, Bosnia and Herzegovina, Bulgaria and Romania.

The company also invests in renewable energy and the digitalisation of its business processes, showing its commitment to sustainable development.

NIS Petrol and Gazprom NIS

NIS Petrol and Gazprom NIS are two key brands of Naftna Industrija Srbije, synonymous with fuel quality and excellent service. Both brands play a strategic role in the company’s development and in expanding its retail network in regional and international markets.

NIS Petrol: local presence

NIS Petrol is NIS’s main brand, focused on the domestic market and neighbouring countries. It is known for:

• A wide network of petrol stations across Serbia and the region.
• Competitive fuel prices that reflect the needs of local consumers.
• The availability of premium fuels such as G-Drive Diesel and G-Drive 100.

NIS Petrol petrol stations combine quality, convenience and local presence, meeting drivers’ everyday needs.

Gazprom NIS: international standards and premium offer

Gazprom NIS is a premium brand aimed at more demanding customers, offering:

• High-efficiency, high-purity premium fuels such as G-Drive fuels, which improve engine performance.
• Modern station design with extra facilities such as shops, cafés and restaurants.
• A presence in international markets, including Bosnia and Herzegovina, Romania, Bulgaria and Montenegro.

Gazprom petrol stations are known for excellent service, high standards of cleanliness and comfort, and technologically advanced solutions such as rapid electric vehicle charging.

The link between NIS and Gazprom

Naftna Industrija Srbije is part of the global network of the Russian energy giant Gazprom Neft, which gives NIS:

• Global experience and expertise in exploration and production.
• Technological innovation and access to modern oil refining methods.
• Financial and strategic support for developing new projects in the region and beyond.

Gazprom NIS and NIS Petrol are two sides of the same coin – a combination of local presence and global standards that further strengthens the company’s position as a leader in the oil industry.

Petrol stations and retail

Naftna Industrija Srbije operates more than 400 petrol stations under the NIS Petrol and Gazprom brands. The stations are strategically located in Serbia, Bosnia and Herzegovina, Montenegro, Romania and Bulgaria.

The petrol stations offer:

• Premium fuels such as G-Drive Diesel and G-Drive 100.
• Car washes, shops and cafés.
• Digital benefits such as a loyalty app and contactless payment.

Fuel prices

Fuel prices at NIS stations depend on crude oil price trends on the global market, the exchange rate and local regulations. The Serbian Government also regulates the prices of certain types of fuel, which directly affects the final prices at the pump. See current prices on our page with fuel prices in Serbia.

Competition

NIS faces strong competition in the regional market. Its main competitors include:

• OMV: an Austrian company with a strong retail network in Serbia.
• MOL: a Hungarian company expanding its influence in South-East Europe.
• Lukoil: a Russian company present in the region with modern petrol stations.

Despite the competition, the company maintains its dominant position thanks to innovation, strategic investment and an extensive network.

Conclusion

NIS is a key energy company in the region, contributing to security of energy supply and industrial development. Thanks to modernisation, investment in renewable energy and innovation, the company remains a leading player in the oil and gas market in South-East Europe.

Naftna Industrija Srbije – frequently asked questions