MOL to acquire Gazprom Neft’s stake in Serbian refiner NIS

Hungarian oil and gas company MOL Group has signed a heads of agreement (HoA) with Gazprom Neft to acquire the latter’s 56.15% stake in Naftna Industrija Srbije (NIS) for an undisclosed price. The deal with the Russian company will grant MOL control of Serbia's only oil refinery, located in Pancevo. It also marks a significant expansion of MOL's operations in the central and south-eastern European energy market. This acquisition aims to guarantee sustained and stable operations at the Pancevo refinery ...