25 articles
Hungary plans to subsidize diesel car owners with 20,000 forints each amid a European fuel shortage caused by Russian export bans and reduced refining capacity at MOL's Danube plant. The government av
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 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 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
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
MOL announced the expansion of its Szarvas biogas plant with a new biomethane unit targeting completion by late 2026, aiming to produce over 7 million cubic meters of renewable natural gas annually fo
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
MOL President Jotaro Tamura warns that Middle East conflicts will disrupt global shipping and supply chains long after the war ends due to Strait of Hormuz closures. Major oil and aluminum supply disr
Hungary's election winner Peter Magyar will meet MOL chairman Zsolt Hernadi to discuss fuel supply security amid Russian pipeline disruptions. Talks also address dividend payments linked to former Pri
ONGC and MOL formed a joint venture to operate two VLECs transporting US ethane to India. The feedstock supplies ONGC Petro's steam cracker, targeting 1.1 million tons of annual ethylene production.
Clariant rejects damage claims from MOL and Braskem regarding an ethylene-purchasing cartel, refuting EU competition law allegations. Combined claims against the alleged cartel now exceed €7 billion.
MOL announced it will temporarily shut down a steam cracker at its Tiszaújváros plant in Hungary starting in December. The limited-period outage impacts production capacity at the company's two-cracke
MOL's petrochemical variable margin fell to a year-low of €130 per metric ton in October, the lowest since Q4 2023. This slump has contributed to widening losses for the company.
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