Company information NIS is one of the largest vertically integrated energy companies in Southeast Europe. Its principal activities are exploration, production and refining, sales and distribution of a broad range of petroleum products, as well as the implementation of energy projects. Today, NIS is one of the most successful companies and the largest budget contributor in Serbia. The head office of the Group is in Novi Sad, and its main production capacities are located all over the Republic of Serbia, which is, owing to its geographical position, the center 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, an LPG production unit, as well as a network of petrol stations in Serbia and the neighboring countries. In accordance with the long term Strategy providing for the expansion of business outside Serbia, NIS has expanded its business operations to the regional markets: Bosnia and Herzegovina, Hungary, Romania and Bulgaria. In support of the EU integration process of Serbia representative office was opened in Brussels. Representative offices of NIS operate in Russia, Turkmenistan, Angola, Bulgaria, Hungary, Bosnia and Herzegovina, and Croatia. In 2012, NIS began expanding its operations in the fields of electricity generation, wind generation, and geothermal energy. Russian company Gazprom Neft owns 56.15 % of the share capital of NIS, while 29.87 % of NIS shares are held by the Republic of Serbia. The remaining portion belongs to citizens, employees, former employees and other minor shareholders. NIS shares are listed on the Belgrade Stock Exchange.