economy
January 19, 2026
Gazprom, Hungary's MOL agree on terms of NIS deal
According to Serbian Minister of Mining and Energy Dubravka Djedovic-Handanovic, partners from the United Arab Emirates are expected to participate in the deal
TL;DR
- Gazprom and Hungarian concern MOL have agreed on terms for NIS (Neftna Industrija Srbije).
- Serbia will increase its stake in NIS by 5%.
- Partners from the United Arab Emirates are expected to participate in the deal.
- The deal is anticipated to be completed by March 24.
- MOL has committed to not close the Pancevo refinery or reduce fuel production.
- NIS owners are selling assets to avoid US sanctions, which took effect on October 9, 2025.
- NIS's main production facilities are in Serbia, Bulgaria, Bosnia and Herzegovina, Hungary, and Romania.
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