MOL in final-stage talks to acquire Gazprom Neft's stake in Serbia's NIS as OFAC license extended

OFAC has extended the license permitting Serbia's NIS to operate until September 30, facilitating ongoing negotiations between Hungary's MOL and Gazprom Neft for a potential acquisition of the Russian stake. The deal, if completed, would reduce Russian influence in Serbia's energy sector and align with Western sanctions, but terms and final approval remain uncertain.