energy future

MOL, Russian shareholders and Serbia on NIS ownership amid sanctions and energy security

Naftna Industrija Srbije (NIS) has been a key energy operator in Serbia, running the country’s only oil refinery and one of its largest retail fuel networks. Recent developments involving MOL Group, Russian shareholders and Serbian authorities indicate that discussions over the company’s future ownership have entered a new phase. The issue is being treated as more than a standard corporate transaction. NIS role in Serbia’s refining and fuel distribution NIS holds critical refining infrastructure in Pančevo and operates a nationwide…