What is the current status of MOL's talks to acquire the Russian stake in Serbian oil group NIS, and what key deadline applies?

MOL confirmed that talks regarding the purchase of Gazprom Neft and Gazprom’s combined 56% stake in NIS are ongoing in line with the framework agreement signed on January 19; the U.S. Office of Foreign Assets Control (OFAC) extended MOL’s negotiations license until May 22 to complete the transaction.

What regulatory approvals and conditions must be met for MOL to finalize the NIS acquisition?

To close the transaction, MOL must not only sign the contract but also obtain further licenses and formal approval from both OFAC and the Serbian government authorities, while fully complying with all applicable regulations and conditions.

Hungary's MOL Says Talks on NIS Acquisition Ongoing

Apr 27, 2026

Hungarian oil group MOL confirmed ongoing talks to acquire a 56% Russian stake in Serbian oil firm NIS, pending OFAC and Serbian government approvals. The transaction aims to strengthen regional supply security amidst U.S. sanctions on Gazprom Neft.

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