oil derivatives supply

MOL to step in as NIS faces sanctions, ensuring continued fuel supply to Serbia

Sanctions against the Russian-Serbian company NIS are expected to take effect after midnight tonight. According to sources close to the Kompas portal, Hungarian oil company MOL is preparing to take over NIS's role in the Serbian market during the sanctions period. MOL has signed a contract with JANAF, a key oil transport company, to import refined oil derivatives and address the supply gap in Serbia, similar to the support provided during last year's overhaul of the Pančevo refinery, but on…