19 articles
Serbia secured a U.S. sanctions waiver for Russian-owned NIS oil firm until September 30, allowing continued crude imports pending acquisition by Hungarian company MOL. The waiver maintains fuel suppl
Serbia will open part of its sole NIS oil refinery to domestic firms to secure fuel supplies amid record-low Danube water levels reducing barge cargo capacity. The move addresses high demand after imp
Serbia secured a US sanctions waiver for its Russian-owned oil firm NIS, permitting continued crude oil imports until August while Hungary's MOL negotiates a majority stake purchase. This ensures fuel
Serbia's fuel imports dropped sharply as low Danube levels disrupted barge deliveries, increasing reliance on the sanctioned NIS refinery and raising prices. Supply stability remains uncertain as OFAC
Serbia's NIS secured a U.S. sanctions waiver extension until July 31, allowing continued crude oil imports pending the sale of its Russian majority stake to Hungary's MOL.
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
Gazprom Neft stated that selling its stake in Serbia's NIS requires more time due to complexity. Hungary's MOL holds an extended license until July 1 to negotiate a majority purchase amidst US sanctio
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.
A Serbian group has offered $2.35 billion for Gazprom's stake in Serbia's only oil refinery, NIS, challenging Hungary's MOL. The deal requires OFAC licensing following U.S. sanctions on Russia's energ
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 suppl
Serbia's Russian-owned NIS secured a 60-day US sanctions waiver allowing continued crude oil imports pending its sale to Hungary's MOL. The waiver extends until May 22, facilitating the divestment of
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