Hungary’s largest oil and gas company, MOL Group, has announced plans to acquire Serbia’s NIS oil company, currently majority-owned by Russia’s Gazprom Neft, pending approval from U.S. regulatory authorities. The proposed deal marks a significant shift in the regional energy landscape, reflecting broader geopolitical and economic considerations amid ongoing tensions surrounding Russian assets in Europe. Final clearance by the United States remains a crucial step before the transaction can proceed, highlighting the complex intersection of business and international policy in the energy sector.
Hungarys MOL Eyes Strategic Expansion Through Acquisition of Serbian NIS Pending US Approval
Hungarian oil and gas giant MOL Group is poised to significantly strengthen its foothold in the Balkan energy market by acquiring Serbia’s largest oil company, NIS, currently majority-owned by Russia’s Gazprom Neft. The deal, however, remains contingent on receiving the necessary…
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Author : Ethan Riley
Publish date : 2026-01-22 14:55:00
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