NIS

Serbia: UAE’s ADNOC enters the EU oil market through NIS as a minority partner of MOL Read More »

Serbia: UAE’s ADNOC enters the EU oil market through NIS as a minority partner of MOL

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 — but the core of the immediate negotiations is centered on MOL’s planned acquisition of the Russian-owned stake in Serbia’s NIS (Naftna Industrija Srbije), with ADNOC potentially joining as a minority investor in that broader […]

Region: MOL-GazpromNeft deal could restore NIS supplies, Rijeka refinery safe for now Read More »

Region: MOL-GazpromNeft deal could restore NIS supplies, Rijeka refinery safe for now

Croatian Prime Minister Andrej Plenkovic stated that the planned transaction between Hungarian MOL and Russian GazpromNeft over the sale of a majority stake in Serbian NIS is expected to have a positive short-term impact on the pipeline operator JANAF. However, he cautioned that the longer-term effects remain uncertain and will require ongoing dialogue with MOL

Serbia seeks US approval to ensure NIS operations amid MOL acquisition talks Read More »

Serbia seeks US approval to ensure NIS operations amid MOL acquisition talks

Serbia has taken formal steps to secure the continued operation of NIS amid ongoing negotiations over a potential ownership change involving GazpromNeft and Hungary’s MOL Group. Minister of Mining and Energy Dubravka Đedović confirmed that NIS has submitted a request to the US Office of Foreign Assets Control (OFAC) seeking permission to maintain normal business

Hungary: MOL Group moves to acquire controlling stake in NIS, expanding regional energy footprint Read More »

Hungary: MOL Group moves to acquire controlling stake in NIS, expanding regional energy footprint

Hungary’s MOL Group has taken a major step toward reshaping the energy landscape in central and southeastern Europe by reaching a binding preliminary agreement to acquire a 56.15% controlling stake in Serbian oil company NIS from Russian GazpromNeft. Once all conditions are met, MOL would assume dominant shareholder rights over the company. If finalized, the

Serbia: NIS sees major ownership shift as Russian stake sold to MOL Read More »

Serbia: NIS sees major ownership shift as Russian stake sold to MOL

Serbian oil company NIS has entered a new ownership phase following months of US sanctions and negotiations over its shareholder structure. The Russian stake in the company has now been sold, marking a significant shift in control. The 56.15% share previously held by Russian interests has been transferred to Hungary’s MOL, making it the company’s

Serbia: MOL’s potential acquisition of NIS retail assets would not monopolize fuel market Read More »

Serbia: MOL’s potential acquisition of NIS retail assets would not monopolize fuel market

Public debate in Serbia over the possible acquisition of Naftna Industrija Srbije (NIS) retail assets by Hungary’s MOL Group has intensified in recent weeks, with particular focus on whether such a transaction would concentrate too much power in the domestic fuel market. A closer look at market structure, legal thresholds, and the competitive landscape shows that fears

Serbia: NIS moves into utility-scale solar with 3.1 MW plant and battery storage in Smederevo Read More »

Serbia: NIS moves into utility-scale solar with 3.1 MW plant and battery storage in Smederevo

Serbian oil company NIS is stepping into utility-scale renewable power generation after receiving local approval for a new solar project in eastern Serbia. The City of Smederevo has formally acknowledged the company’s application to build a solar power plant with integrated battery storage, clearing the way for construction to begin in mid-January. The project received

Serbia moves to boost NIS stake amid US sanctions on Russian owners Read More »

Serbia moves to boost NIS stake amid US sanctions on Russian owners

Serbia is looking to increase its ownership in oil company NIS to gain greater influence over strategic decisions as the company navigates US sanctions linked to its Russian shareholders. President Aleksandar Vučić stated that the state aims to acquire an additional 5% stake, which would provide deeper insight into financial flows and operational management. According

Serbia: NIS secures crude oil imports via JANAF, set to restart Pancevo refinery Read More »

Serbia: NIS secures crude oil imports via JANAF, set to restart Pancevo refinery

Serbian oil company NIS has secured crude oil imports through the JANAF system to supply its Pancevo refinery, paving the way for a restart of production after weeks of downtime. The company announced that the first deliveries are expected to arrive during the coming week. According to NIS, initial shipments will be followed by additional

Serbia: Hungary’s MOL begins technical due diligence at NIS Read More »

Serbia: Hungary’s MOL begins technical due diligence at NIS

A delegation from Hungary’s MOL has arrived in Serbia to conduct a comprehensive due diligence review of NIS, focusing on the company’s core infrastructure and facilities. The visit marks the beginning of a detailed assessment of the operational condition and functionality of NIS’ assets. MOL’s team has begun inspecting key segments of NIS’ business, including

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