Serbia Grants 15-Day Extension for MOL, Gazprom Talks on NIS Stake
Serbia's President Aleksandar Vucic stated that Hungary's MOL and Russia's Gazprom Neft and Gazprom should receive a 15-day extension for negotiations to acquire a 51.56% stake in NIS, a Serbia-based oil company under U.S. sanctions.
Serbian President Aleksandar Vucic said on Friday that the country will grant a 15-day extension to Hungary's MOL and Russia's Gazprom Neft and Gazprom for talks regarding the purchase of a majority stake in oil firm NIS.
NIS, based in Serbia, is currently under U.S. sanctions. The stake in question is 51.56% of the company. Vucic made the statement without providing further details on the current status of negotiations or any conditions attached to the extension.
The move highlights the ongoing geopolitical complexities surrounding energy assets in the Balkans, involving both EU-member Hungary and sanctioned Russian entities.
Source: First Squawk