The Office of Foreign Assets Control (OFAC) at the US Treasury Department issued to the companies MOL and MOL Serbia Investment Kft. additional permission in connection with the potential acquisition of an ownership stake in the company NIS ad Novi Sad (NIS). What does this license allow and what does it not allow?
The new license enables continuity of supply while working on a long-term solution for NIS, says Minister of Mining and Energy Dubravka Đedović Handanović
OFAK made a decision allowing NIS to continue processing crude oil until July 31, while MOL continues negotiations on the possible purchase of a majority stake in Naftna industrija Srbije
Negotiations on the purchase of the Russian majority share between the Hungarian MOL and the Serbian Oil Industry have been extended again. Minister Handanović signed a contract regarding the potential management of NIS
The US authorities approved a new extension of NIS' operating license, allowing the company to continue operating until the beginning of July. The decision comes at a time when a change in the ownership structure is being considered
Hungarian MOL received OFAK's approval for further negotiations on the purchase of the Russian majority stake in NIS
Before the deadline for negotiations on the future of NIS, the Hungarian MOL requested its extension
The US deadline to sell the majority Russian stake in NIS expires on Friday, June 6. In the midst of negotiations with MOL, the line minister talks with the representative for energy in the White House. Was it just a protocol conversation or is the final solution for NIS sought in Washington
On Friday, May 22, the deadline set by the Americans for the agreement on the sale of shares in NIS expires. Serbian President Aleksandar Vučić now says that negotiations with MOL are not going well
The US extended Lukoil's license to operate outside of Russia until October 29, despite previously imposed sanctions
A little more than a week is left until the expiration of the existing license that NIS received from OFAK, and now a new request for its extension has been submitted
The American authorities have extended the license to the Serbian Oil Industry, and Minister Đedović Handanović is announcing additional measures to preserve the stability of the energy system.
At the last minute, the US Office of Foreign Assets Control (OFAC) extended the license to NIS again, but only for one month.
