NIS is the largest oil company in Southeast Europe. Fifty one percent of NIS shares is held by the Russian Gazprom Neft. Corporate headquarters are located in Novi Sad and Belgrade and production facilities are located across the whole territory of Serbia. NIS is the only Serbian company which possesses an integrated and well balanced system of production, refining and trade of crude oil and petroleum products, as well as natural gas exploitation and which plays a significant role in stability and security of energy supply. The company deals with crude refining, sales of petroleum products, and exploitation of hydrocarbons in Serbia and Angola. Annual NIS crude oil production totals ca. 1 million tons. NIS owns two oil refineries, Pancevo Oil Refinery and Novi Sad Oil Refinery, with total refining capacity of ca. 7.3 million tons per year. There is an LPG production facility, so called Elemir LPG refinery.
