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
US Department of the Treasury's Office of Foreign Assets Control (OFAC) extended the Hungarian MOL's license for negotiations on the purchase of the Russian stake in Oil Industry of Serbia (NIS) until July 1, Radio-television of Serbia learned today.
On Tuesday, the American OFAK extended the operating license of NIS, also until July 1, which enables the continuation of the company's work, that is, the processing of crude oil.
Previous licenses - operational and for purchase negotiations - were valid until June 16.
Minister of Mining and Energy Dubravka Đedović Handanović signed on Tuesday the Agreement between shareholders with the MOL Group regarding the future management of the Serbian Oil Industry, which will enter into force if MOL and "Gazpromneft" reach an agreement and it is approved by OFAK.
The contract stipulates that Serbia will buy an additional five percent of shares in NIS and that the Refinery in Pancevo will operate for at least ten years in the capacity in which it operated four years before the introduction of American sanctions due to Russia's war against Ukraine.
Jadranski naftovod (JANAF) announced today that it received a license from the Office of Foreign Assets Control (OFAC) of the US Treasury Department, which authorizes the company to transport oil until July 1 as part of the contract with the Oil Industry of Serbia (NIS).
Source: Phonet
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