US EditionStrategic Serbian Refinery Could Come Under Hungarian Control Thanks to Close Trump–Orbán and Putin–Orbán Ties
13 Articles
13 Articles
The weeks-long restart work at the Pančova refinery may begin on Monday.
The Serbian company received a reprieve from the USA.
Strategic Serbian refinery could come under Hungarian control thanks to close Trump–Orbán and Putin–Orbán ties
For 36 days, the Serbian state-owned NIS oil refinery in Pančevo — the country’s sole oil refinery — has operated without a licence, making it indispensable to the Balkan state’s fuel supply. Today, Serbian President Aleksandar Vučić is preparing for a major announcement, which he has described as delivering “phenomenal political news”. Experts say part of this will involve MOL’s acquisition of ownership in the Serbian NIS. The Americans’ grace…
Serbian President Aleksandar Vučić indirectly confirmed today that the Hungarian company MOL is negotiating with the Russian side about the purchase of the Oil Industry of Serbia (NIS).
MOL could close a deal of historic proportions within weeks. After the Russians, the Hungarian giant could become the new majority owner of NIS, the Serbian state-owned oil company. The negotiations with MOL were confirmed by Aleksandar Vucic, who also tried to dispel the scare rumors surrounding the transaction.
The United States expects an agreement between Hungary and Russia on the takeover of the Serbian Oil Company (NIS) to be reached by January 23, so that NIS can continue its work - Serbian President Aleksandar Vucic emphasized on Belgrade public television, where he spoke about the expectation of a quick agreement between the Russian shareholders and the potential buyer - in this case, MOL.
Coverage Details
Bias Distribution
- 100% of the sources lean Left
Factuality
To view factuality data please Upgrade to Premium
