Serbia secures sanctions waiver from U.S. for its Russian-owned NIS oil firm
The extension keeps Serbia’s only refinery running while talks continue over a possible takeover of the Russian-owned company, officials said.
- On Wednesday, the US Treasury Department's Office of Foreign Assets Control extended the operating license for Serbian oil company NIS through October 30, allowing continued operations despite US sanctions over its Russian ownership.
- Washington imposed sanctions on NIS because Russian companies Gazprom Neft and Gazprom hold about 56% of the firm; the Pan refinery remains critical to Serbia as it supplies a large share of the domestic fuel market.
- Negotiations with Hungarian energy group MOL regarding a potential takeover are continuing, Serbian Energy Minister Dubravka said, as Belgrade takes measures to maintain fuel supplies while awaiting final approval.
- Janaf, operator of strategic energy infrastructure, noted the OFAC license extension enables continued oil supply to the Pan refinery, ensuring ongoing stability of energy supplies throughout the region.
- While pushing to remove Russian ownership from the oil sector, Belgrade remains dependent on Moscow for natural gas; Serbia and Russia separately agreed Wednesday to extend their gas arrangement for three months, through the end of 2026.
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The Foreign Assets Control Authority of the U.S. Treasury (OFAC) extended the Hungarian MOL licence to continue negotiations on the Serbian NIS (into Gazprom Oil) until 30 October, as reported by MOL.
The U.S. authorities have given another month to conclude negotiations for the purchase by the Hungarian company MOL of a controlling interest in the Serbian Oil Industry (NIS) controlled by Gazprom Oil, which has been renewed, this time until 30 October, by TASS. The corresponding company MOL obtained an official permit from the Foreign Assets Control Authority (OFAC) of the US Treasury. The application was published on the website of the Budap…
Amerikanci odobrili Janafu novo produljenje licence za nastavak suradnje s NIS-om
ZAGREB – Janafu je odobreno novo produljenje licence američkog Ureda za kontrolu strane imovine (OFAC), 30. listopada ove godine, priopćio je Janaf u četvrtak. Time je Janafu omogućena daljnja provedba ugovornih aktivnosti s Naftnom industrijom Srbije (NIS), u skladu […] Objava Amerikanci odobrili Janafu novo produljenje licence za nastavak suradnje s NIS-om pojavila se prvi puta na Novi list.
The Office of the Foreign Assets Control of the US Ministry of Finance (OFAK) has approved the permission to the Hungarian oil company MOL to continue negotiations on the purchase of a majority stake in the Oil Industry of Serbia (NIS), Radio-television of Serbia reported today.
MOL has received another US permit to continue negotiations related to the planned acquisition of a majority stake in Serbia's NIS, the relevant announcement reads. The permit is now valid until the end of October.
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