US EditionMol Nears Deal to Buy Gazprom Stake in Sanctioned Serb ...
16 Articles
16 Articles
Agreement close in talks between MOL and Serbia’s NIS
An agreement is close in negotiations on the purchase of the Russian-owned stake in Serbian oil company NIS between Hungary’s MOL, the owner Gazprom Neft and the Serbian leadership, a development that would place Central Europe’s energy supply in unprecedented security, Minister of Foreign Affairs and Trade Péter Szijjártó said in Belgrade on Thursday.
Massive Hungarian MOL-Russian Gazprom deal may reshape the Central European energy market
An agreement with Hungarian oil and gas company MOL on the purchase of a stake in Serbian peer NIS from Russia’s Gazprom Neft is close, Minister of Foreign Affairs and Trade Péter Szijjártó said at a joint press conference with Serbian Minister of Mining and Energy Dubravka Dedovic in Belgrade on Thursday. Everybody backs the acquisition In a statement issued by his ministry, Szijjártó said there was a good chance the first “milestone” in talks …
The head of Hungarian diplomacy, Peter Szijártó, revealed to RTS the details of how MOL, in case of a positive outcome, plans to operate the regional oil market. MOL and Gazpromneft have progressed quite quickly in their negotiations, said Sijarto.
MOL is close to an agreement to buy into the Serbian oil company NIS, and a binding agreement on this could be signed this weekend, according to Foreign Minister Péter Szijjártó and Serbian government statements. Based on this, it is now almost certain that the Hungarian oil company will acquire a stake in NIS, and with it the Pančevo refinery. However, there are many unknown details - we will discuss these at the end of the article.
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