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MOL negotiations for controlling stake in Serbia’s NIS continue under OFAC authorisation

MOL said talks to acquire a controlling stake in Serbia’s NIS are still active, rejecting reports that discussions with the company’s Russian shareholders have...

MOL-NIS majority stake talks in Serbia unresolved as October deadline nears

A potential MOL acquisition of a majority stake in Serbia’s NIS remains unresolved as an October deadline approaches, even after a new US authorisation...

NIS US licence extension to 30 October supports Pančevo refinery output

Serbia’s NIS has received a further US licence extension that allows operations to continue through 30 October. The extension provides additional operating certainty for...

Carlyle Lukoil refinery assets await U.S. clearance for sale talks

Carlyle’s proposed acquisition of Lukoil-related refining assets is awaiting final U.S. clearance, with the ownership of major European refineries still unresolved. The deal includes...

NIS receives temporary US sanctions waiver through September 30 for Pančevo operations

The latest U.S. Treasury licence extends a sanctions authorisation for NIS through Sept. 30, replacing an authorisation due to expire on Aug. 28. The...

Serbia readies emergency fuel steps and Hungary-Novi Sad crude pipeline plan

Serbia is preparing emergency fuel-supply measures while advancing a longer-term crude pipeline from Hungary, amid uncertainty over whether the US Office of Foreign Assets...

Latest news

Electricity and carbon costs reshape SEE industrial export economics

Analysis developed by Virtu.Energy Banks financing manufacturers across Southeast Europe increasingly need to assess whether borrowers can preserve their EU export margins after electricity costs, embedded...

ETS and CBAM reshape SEE electricity trade as carbon costs squeeze export margins

Analysis developed by Virtu.Energy Electricity producers, traders and banks across Southeast Europe are facing a growing gap between prices available on neighbouring EU electricity exchanges and...

Croatia amends Electricity Market Act to expand aggregation, grid studies, and connection rights

Croatia’s amended Electricity Market Act entered into force on October 15, 2026, introducing changes that go beyond conventional electricity-market reform. The legislation reshapes the...

Boron One Piskanja boron project valuation rises to €569m in updated assessment

Canadian mining company Boron One Holdings has raised the projected economic value of its Piskanja boron project in southern Serbia to approximately €569 million....

SEE electricity prices surge as wind generation drops and Serbia becomes the region’s most expensive market

Southeast European day-ahead electricity prices rose sharply on Friday, with Serbia emerging as the region’s most expensive market as weaker wind generation, higher cross-border...