MOL gets two-week extension for talks with GazpromNeft over Russian stake in NIS

MOL Group has received a two-week extension to continue negotiations with GazpromNeft over the possible acquisition of the Russian ownership stake in Serbia’s NIS, underscoring how tightly the deal timeline is being managed amid US sanctions deadlines. The added time is intended to prevent an immediate expiry of the previous deadline and keep discussions moving toward a shareholder agreement.

Serbian authorities informed; talks extended to 6 June

Serbian Energy Minister Dubravka Đedovic said authorities had been notified that negotiations could continue until 6 June, extending a deadline that had been close to expiring. She added that Serbian institutions remain actively involved in discussions related to a shareholder agreement connected to the transaction, while the government continues working toward an outcome designed to protect national interests and ensure long-term market stability.

OFAC deadlines raise stakes for timing

The ownership question has taken on added urgency because of deadlines set by the US Treasury Department’s Office of Foreign Assets Control (OFAC), linked to measures targeting Russia’s energy sector. Without the latest extension, the deadline for completing negotiations would have expired immediately, increasing pressure on all parties involved.

GazpromNeft proposal and remaining technical work

GazpromNeft, which currently holds the controlling stake in NIS, submitted a draft agreement to MOL earlier this year proposing the sale of its ownership share in the Serbian company. MOL said negotiations have advanced considerably in recent months and are now entering a final and highly sensitive phase, but several technical details and remaining conditions still need resolution before a final agreement can be completed.

Focus on stakeholders and long-term energy stability

Company representatives said discussions have included all major stakeholders connected to the potential transaction. They also pointed to potential benefits from a successful agreement, including stronger regional energy stability, improved supply security, and support for Serbia’s long-term strategic energy objectives.

Serbian officials have emphasized that while the process remains complex and politically sensitive, maintaining reliable energy supplies and safeguarding strategic interests remain central priorities as negotiations proceed under a sanctions-driven timetable.