Hungary's MOL said it received U.S. ?approval to continue negotiations ?regarding the acquisition of a majority stake in ?Serbia's NIS refinery, with ?the deadline for negotiations ?extended until May 22.
In ?December, the U.S. Treasury's ?Office of Foreign Assets Control (OFAC) gave NIS until March 24 ?to negotiate the ?divestment of the stakes held by ?Russian ?firms Gazprom and Gazprom Neft, at 44.9% and 11.3% respectively.
In January, MOL ?said ?it ?had signed a binding agreement with ?Russian companies to ?buy ?their stakes in NIS and the United Arab ?Emirates' ?ADNOC would be ?a minority stakeholder.
(Reuters, March 24, 2026)
