Tag Archives: US sanctions
MOL gets two-week extension for talks with GazpromNeft over Russian stake in NIS
MOL Group has been granted a two-week extension to continue discussions with GazpromNeft on the potential sale of its Russian stake in Serbia’s NIS, with talks…
Serbia presses on to clarify NIS ownership as talks with MOL stall ahead of May 22
Serbia says it is still working to resolve uncertainty over the future ownership structure of NIS, but President Aleksandar Vučić acknowledged that negotiations have been difficult…
Serbia presses MOL for changes as OFAC deadline approaches for NIS ownership restructuring
Serbian authorities are still dissatisfied with MOL Group’s proposed path for restructuring NIS ownership, even as a US OFAC deadline nears. The clock is ticking to…
Serbia pushes back on MOL as NIS sale talks near OFAC deadline
Negotiations over the potential sale of the Russian-controlled majority stake in Serbia’s NIS have entered a high-stakes phase, with OFAC setting 22 May as a key…
Serbia hardens its stance in MOL–NIS talks, prioritizing refinery control and domestic fuel security
Serbia has rejected MOL’s first proposal for the Russian stake in NIS, arguing it lacked binding guarantees on Pančevo refinery operations, fuel supply continuity and future…
Pančevo refinery lifts crude processing as Serbia prioritizes fuel security amid sanctions
Serbia’s only operational refinery in Pančevo processed about 336,000 tonnes of crude oil in April 2026, according to domestic energy-sector sources. The higher throughput follows months…
Gazprom Neft enters talks to sell NIS stake as Serbia’s sanctions and financing risks rise
Gazprom Neft has moved into an “active stage” of negotiations to sell its controlling interest in Serbia’s NIS, with discussions reportedly centered on Hungary’s MOL Group.…
Serbia pushes ahead on NIS ownership talks as MOL–Gazprom Neft deal heads toward OFAC deadline
Serbian energy officials say negotiations over NIS’s future ownership structure are progressing, with a potential shareholder framework targeted for mid-May. The next step would be submitting…
NIS ownership talks stall as sanctions and geopolitics reshape Serbia’s energy deal
Negotiations to resolve the ownership structure of Serbia’s NIS have slowed as sanctions targeting Russian energy assets complicate any equity transfer. With banking access and regulatory…
MOL–Serbia NIS talks reveal the risks of negotiating control before ownership is secured
Negotiations between MOL and Serbia over Naftna Industrija Srbije (NIS) are unfolding on two tracks—acquisition talks with Russian owners and governance safeguards with the state—before MOL’s…