MOL Seeks Extension for Talks on NIS Buyout from US Authorities
Hungary’s MOL requests 30 more days from the US for talks on NIS company
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Hungarian oil and gas company MOL has requested a 30-day extension from the US Office of Foreign Assets Control to negotiate the buyout of the Russian stake in Serbian oil company NIS. This request was confirmed by Serbian Mining and Energy Minister Dubravka Djedovic Handanovic.
- 01MOL is negotiating the buyout of the Russian stake in NIS, a Serbian oil company.
- 02The request for an extension was made to the US Office of Foreign Assets Control (OFAC).
- 03The initial deadline for negotiations is June 6, prompting the request for additional time.
- 04Gazprom Neft's CEO Alexander Dyukov confirmed ongoing discussions between MOL and Gazprom.
- 05Serbian Minister Dubravka Djedovic Handanovic provided details about the extension request.
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The Hungarian oil and gas holding MOL has formally requested an additional 30 days from the US Office of Foreign Assets Control (OFAC) to negotiate the buyout of the Russian stake in the Serbian oil company NIS. This request was confirmed by Dubravka Djedovic Handanovic, Serbia's Mining and Energy Minister, who noted that the current deadline for the negotiations is set for June 6. Alexander Dyukov, CEO of Gazprom Neft, also acknowledged that proactive discussions between Gazprom and MOL are ongoing. The extension is aimed at allowing MOL more time to finalize the negotiations regarding the stake in NIS.
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The extension of talks could influence Serbia's energy landscape and its relations with Russian stakeholders.
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