MOL

Serbia: NIS sees major ownership shift as Russian stake sold to MOL

Serbian oil company NIS has entered a new ownership phase following months of US sanctions and negotiations over its shareholder structure. The Russian stake in the company has now been sold, marking a significant shift in control. The 56.15% share previously held by Russian interests has been transferred to Hungary’s MOL, making it the company’s […]

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Serbia: MOL’s potential acquisition of NIS retail assets would not monopolize fuel market

Public debate in Serbia over the possible acquisition of Naftna Industrija Srbije (NIS) retail assets by Hungary’s MOL Group has intensified in recent weeks, with particular focus on whether such a transaction would concentrate too much power in the domestic fuel market. A closer look at market structure, legal thresholds, and the competitive landscape shows that fears

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Hungary’s two-track push in Serbia: How MOL and MVM are quietly building a regional energy “operating system” and what it means for gas

Hungary’s expansion in Serbia is no longer a set of isolated deals. It is increasingly legible as a two-track strategy that uses MOL on the hydrocarbons and retail side, and MVM Group on the power, engineering, and system-integration side, with Serbia positioned as both a demand hub and a transit corridor between Central Europe and the wider Balkans. The

Hungary’s two-track push in Serbia: How MOL and MVM are quietly building a regional energy “operating system” and what it means for gas Read More »

Serbia: Hungary’s MOL begins technical due diligence at NIS

A delegation from Hungary’s MOL has arrived in Serbia to conduct a comprehensive due diligence review of NIS, focusing on the company’s core infrastructure and facilities. The visit marks the beginning of a detailed assessment of the operational condition and functionality of NIS’ assets. MOL’s team has begun inspecting key segments of NIS’ business, including

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Region: JANAF and MOL explore major expansion of crude oil transport amid geopolitical shifts

Discussions between Croatia’s oil pipeline operator JANAF and Hungary’s MOL Group have entered a new phase following a closed-door meeting last week in Budapest. Relations between the two companies have reportedly shifted noticeably, with MOL showing readiness for a substantial expansion of oil transport for the first time. The meeting focused on the potential to

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Hungary: MOL expects Danube refinery restoration to extend into Q3 2026 after October fire

Restoration work at MOL’s flagship Danube refinery is now expected to continue into the third quarter of 2026, after which the facility is planned to resume full operations. The extended outage follows a fire in October at the refinery’s AV3 crude distillation unit. An internal technical review determined that the incident was caused by a

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Hungary: MOL restructures into full holding company to boost efficiency and strategic oversight

Hungarian oil and gas group MOL has secured shareholder approval to transition into a full holding-company structure, a move the company says will better reflect how its operations already function and bring it in line with global energy-sector standards. The restructuring aims to make MOL more agile in decision-making, more responsive to market shifts, and

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From contractor to kingmaker: Is MOL preparing to shape the fate of Serbia’s energy monopoly?

For more than a decade, Serbia’s power sector has been defined by stagnation, delayed modernisation, and the slow unraveling of a once-dominant state monopoly. Elektroprivreda Srbije (EPS), the country’s vertically integrated electric-power utility, remains one of the largest state-owned enterprises in Southeast Europe—responsible for the country’s generation, distribution, mining and critical infrastructure stability. But it

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MOL’s potential takeover of NIS: What merger rules mean for Serbia’s oil market

Although the chief of staff to Hungarian Prime Minister Viktor Orbán stated that negotiations between MOL and the majority owner of Serbia’s oil company NIS are still in their early stages, the transaction increasingly appears likely. The impression is strengthened by Orbán’s recent meeting with Russian President Vladimir Putin — and by the Hungarian leader’s

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Region: Hungary confirms early talks on potential MOL stake in Serbia’s NIS amid push to reduce Russian ownership

Hungarian officials have confirmed that exploratory talks are underway on the possibility of oil and gas company MOL acquiring a stake in Serbia’s national oil company NIS. The information was disclosed by Gergely Gulyás, chief of staff to Hungarian Prime Minister Viktor Orbán, who stressed that discussions are still in an early phase. Gulyás noted

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