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Montenegro Initiates Refurbishment of Oil Storage Tanks at Port of Bar

In a strategic move to comply with European Union reserve obligations, Montenegro is set to commence the refurbishment of oil storage tanks at the...

MOL to Acquire Majority Stake in NIS for €900M–€1B

The Hungarian energy company MOL is poised to secure a majority stake in the Serbian oil firm NIS, with the transaction valued between €900...

Serbia Pursues Enhanced Control of NIS Amid Ownership Restructuring

In a strategic move to regain influence over the oil sector, Serbia is seeking to bolster its control of the oil company NIS, which...

Serbia: US Grants NIS Extended Operating License with Strict Conditions

The United States has granted the Serbian oil company NIS an extension of its operating authorization until 20 February, as confirmed by the Office...

Hungarian MOL Group and UAE’s ADNOC in Negotiations for Stake in Serbia’s NIS

The energy market in Central and Southeastern Europe is witnessing significant developments as Hungarian energy major MOL Group engages in negotiations to acquire a...

MOL and GazpromNeft’s Transaction Could Enhance NIS Supply Dynamics

Croatian Prime Minister Andrej Plenkovic has indicated that the forthcoming transaction between Hungarian energy company MOL and Russian firm GazpromNeft, involving the sale of...
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