Balgarianovinite.com Serbian President Aleksandar Vucic said Thursday that he expects negotiations on the sale of the Russian stake in Serbia’s sole oil company NIS (Naftna industrija Srbije) to Hungary’s MOL (the Hungarian Oil and Gas Plc) to be completed before May 22. He added that fuel from state reserves will be provided to oil sector workers.
“We believe MOL and Gazprom Neft will finalize the deal by May 22,” Vucic told public broadcaster RTS.
MOL recently received US approval to continue talks for acquiring a majority shareholding, with the deadline extended to May 22. In December, the US Office of Foreign Assets Control gave NIS until March 24 to negotiate the sale of shares held by Russian firms Gazprom and Gazprom Neft, representing 44.9% and 11.3%, respectively.
Vucic highlighted that despite nearly 18 months of sanctions, NIS’s refinery remains operational.
MOL signed a binding agreement in January to buy the Russian shares, with Abu Dhabi National Oil Company (ADNOC) taking a minority stake. US sanctions on NIS took effect in October 2025, requiring the Russian majority stake to be reduced to zero. Serbian President Expects Russian NIS Stake Sale to Conclude Before May 22 2026 THE NEWS FROM BULGARIA – NEWS AGENCY 2009-2025 2026-03-26 19:41:55 Latest news World news Country news Most important news latest news most important latest of the day Justice Petar Nizamov Feathers Petar Nizamov- Feathers Justice bg iustitia.bg iustitia iusticia usticia investigation Burgas Bulgaria news news of the last hour news of the day news of today Bulgaria news The news from Bulgaria blitz news top news most important most commented latest news Boyko Borisov news weather coronavirus news news weather facebook youtube facebook instagram news today news of the last minutes news today today news news bg news leading news hot news bg news site for news all news news bg news of the last hour latest latest news bg news of today news today news today news of the last hour latest news today news bg news news 24 hours news vesti bg novini news world bird bg bivol bg bivol trud bg novini latest news today novinite bg news hello bulgaria political party coat of arms delyan peevski scandalous Bulgarian National Television Free Europe Television scandal exclusive live tv live right now tv tv online tv program bg live now tv news online tv online live court Burgas court Burgas district court Burgas court Burgas district court Burgas district court Burgas appellate court Burgas prosecutor Burgas prosecutor’s office Burgas district prosecutor’s office Burgas district prosecutor’s office Burgas district prosecutor’s office Burgas district prosecutor’s office Burgas district prosecutor’s office Burgas district prosecutor’s office Prosecutor General Ivan Geshev Prosecutor Geshev Tsatsarov Ministry of Internal Affairs Burgas ODMR Burgas ODPR Burgas police Burgas district police Burgas prosecutor Tsatsarov SGS cases Varna court chairman of the SGS court decisions on civil cases decisions on cases Plovdiv court decision of the court decisions cases Varna court criminal cases district district court decisions work in the court SGS chairman of the SGS judges Sofia court post judges Plovdiv court Plovdiv judges Plovdiv Supreme Court Inspectorate Supreme Court Supreme Judicial Council lawyer lawyer criminal cases lawyer civil cases lawyer marriage cases lawyer administrative criminal law criminal process civil law civil process administrative law constitutional law