Serbia's Russian-owned NIS has applied for a U.S. sanctions waiver extension to continue crude imports and refining operations after July 1. Meanwhile, Hungarian firm MOL is negotiating to acquire the
Serbian President Vucic announced a 15-day extension for MOL and Russian firms to complete the acquisition of NIS shares. The transaction requires U.S. OFAC approval due to sanctions targeting Russia'
Serbia finalized a shareholders' agreement with Hungarian oil giant MOL regarding its stake in the sanctioned Russian-owned NIS oil firm. The deal secures refinery operations and increases state owner
Serbia's Russian-owned NIS refinery applied for a U.S. OFAC license extension as its current one expires June 16. Hungarian firm MOL is negotiating to acquire the Russian stake amid broader energy sec
The U.S. granted MOL an extension until June 16 to finalize negotiations for acquiring a majority stake in Serbia's NIS from Russia's Gazprom Neft. This waiver permits continued deal progress despite
Hungarian refiner MOL secured a US Treasury extension to finalize its acquisition of a stake in Serbia's NIS, pushing the deadline to June 16. The transaction aims to relieve NIS from US sanctions imp
Hungary's MOL requested a one-month extension from U.S. authorities to finalize its acquisition of Serbia's sanctioned oil firm NIS from Russia's Gazprom Neft. The deal remains critical to Serbia's en
Hungary's MOL secured a two-week U.S. extension to finalize its purchase of a majority stake in Serbia's NIS from Russia's Gazprom Neft amid sanctions scrutiny. Talks must conclude by June 6.
Hungarian oil group MOL secured U.S. Treasury approval to extend negotiations for acquiring Serbia's Russian-owned NIS until June 6. CEO Zsolt Hernadi expressed optimism despite complex terms remainin
Serbia will submit its final proposal to Hungary's MOL regarding the takeover of NIS, the Balkan nation's sole refinery, following U.S.-mandated divestment of Russian shares. Negotiations focus on ref
Serbia's energy minister rejected MOL's revised offer to buy a majority stake in oil firm NIS, citing refinery security concerns amid US sanctions on Russian owners.
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