Our Business The main activities of our company are exploration, production and refining, sales and distribution of a broad range of petroleum products, as well as the implementation of energy projects. NIS has a time-honoured tradition and high-quality resources. It is the only company in Serbia which pursues oil and gas exploration, as well as geothermal energy production. Main production capacities are located all over the Republic of Serbia, which is, owing to its geographical position, the centre of trade and investments in the Balkans. In Serbia, NIS owns a refining compound, with two units, one in Pancevo and the other in Novi Sad, which produce a wide range of petroleum products – from motor fuel and diesel fuel, through aviation fuel, to industrial lubricants and feedstock for petrochemical industry. In 2012, NIS completed the first stage of the modernization of Pančevo Oil Refinery (RNP), enabling the transition to the production of European-quality fuel. The sales structure consists of export and domestic wholesale deliveries of crude, gas and petroleum products, as well as retail sales of finished petroleum products, liquefied petroleum gas and a series of related products. NIS owns the largest retail network in Serbia which has been expanding across the region since 2012. NIS is represented in the market by two retail brands – NIS Petrol and Gazprom. Energy Block in NIS has been established in line with the development strategy which implies specific key activities: positioning of NIS as the leading energy company both in Serbia and in the region, increase in use of renewable energy sources, electricity generation and distribution.