ADNOC

UAE ADNOC as MOL minority partner enters EU oil market thru Serbian NIS

Hungarian energy company MOL Group is engaged in discussions that may significantly impact the energy sector in Central and Southeastern Europe. The focal point of these negotiations is MOL's proposed acquisition of a majority stake in Serbia's Naftna Industrija Srbije (NIS), which is currently owned by Russia's Gazprom Neft. The Abu Dhabi National Oil Company (ADNOC) is exploring the possibility of joining this deal as a minority investor. The negotiations have advanced to a stage where MOL has signed a…