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How much will MOL pay for NIS: Is a €1.4 billion price more likely than €1 billion

Negotiations over the sale of Serbia’s oil and gas company Naftna Industrija Srbije (NIS) have brought renewed attention to the valuation of the company...

UAE ADNOC as MOL minority partner enters EU oil market thru Serbian NIS

Hungarian energy major MOL Group and the Abu Dhabi National Oil Company (ADNOC) are actively involved in negotiations that could reshape the energy landscape of Central and Southeastern Europe —...

MOL takes over NIS: What Hungarians will do differently from Russians

Hungary’s MOL Group is prepared to take majority ownership of Naftna industrija Srbije (NIS) after reaching an agreement with the current Russian owners, but...

End of the Gazpromneft era at Serbia’s NIS marks strategic energy shift

Serbia’s largest oil and fuel company, Naftna Industrija Srbije (NIS), entered a new chapter as Russian energy firm Gazpromneft confirmed on Monday that it has...

What the extended U.S. license really means for Serbia’s NIS and the country’s oil stability

The extension of the U.S. OFAC license allowing Naftna Industrija Srbije (NIS) to continue operating its refinery and oil business activities has become one...

Analyst expects OFAC to approve NIS license as talks on new ownership models intensify

Analyst Nebojša Obrknežev said he expects that the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) could approve a license for the continued...

Critical hours for NIS: Serbia seeks OFAC approval to keep refinery running

The future of Serbia’s oil company NIS has entered its most critical phase since the introduction of U.S. sanctions against the company. According to...

OFAC rejects exemption request for NIS as Serbian government convenes emergency meeting

The U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) has not granted permission for the continuation of operations of Naftna Industrija Srbije (NIS),...

Moscow offers to relinquish control of NIS as Serbia awaits OFAC decision

One month after U.S. sanctions against the Petroleum Industry of Serbia (NIS) took effect, Moscow has responded by signaling that it is prepared to...

Serbia and Russian owners of NIS seek OFAC approval for license extension and possible management restructuring

The Russian owners of Naftna Industrija Srbije (NIS) have submitted a request to the U.S. Office of Foreign Assets Control (OFAC) seeking an extension...

US likely to delay sanctions on NIS, energy expert suggests

The Office for Asset Management Abroad (OFAC), part of the U.S. Department of the Treasury, is expected to find a way to avoid imposing...

Serbia seeks to avoid sanctions on NIS: Final talks with OFAC underway

Final discussions between the legal teams representing the Oil Industry of Serbia (NIS) and the Office of Foreign Assets Control (OFAC) of the U.S....
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