Hungary’s MOL Moves to Acquire Stake in Sanctioned Serbian Refinery ...Middle East

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Hungary’s MOL Moves to Acquire Stake in Sanctioned Serbian Refinery
source : OILPRICE ( Middle East ) () 54
Hungarian oil company MOL is close to buying an 11.3% stake in Serbia’s only refinery from its Russian owners, Serbian news outlet NIN reported on Thursday, citing sources familiar with the plans.  The Russians trust the Hungarian company, and Hungary’s Prime Minister Viktor Orban, and plans are for MOL to buy 11.3% of Serbia’s only refinery Naftna Industrija Srbije (NIS), the Serbian magazine reports. Gazprom Neft and Gazprom affiliates hold a majority stake in NIS, with the Serbian state owning the remaining 29.9%. …

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