On December 31, 2025, local time, the US Treasury's Office of Foreign Assets Control extended the operating license of Serbian Petroleum until January 23, 2026. Serbian Minister of Mining and Energy Handanović said that the license extension means that the country's only active refinery under the Serbian Petroleum Company, the Pancevo refinery, will continue to operate after being shut down for tens of days.

On December 31, 2025, local time, the US Treasury's Office of Foreign Assets Control extended the operating license of Serbian Petroleum until January 23, 2026. Serbian Minister of Mining and Energy Handanović said that the license extension means that the country's only active refinery under the Serbian Petroleum Company, the Pancevo refinery, will continue to operate after being shut down for tens of days.