Hungary MOL agrees to purchase majority stake in Serbian oil company NIS
MOL signed an agreement to buy a majority stake in NIS from Russian firms. The deal aims to restore fuel supplies to Serbia amid US sanctions on Russia.
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President aleksandar vucic announced on January 26, 2026, that MOL Hungarian Oil and Gas has signed a binding agreement to acquire a majority stake in Naftna Industrija Srbije, known as NIS. The company from Hungary 
HUwill purchase a 56.16 percent stake from the current Russian 
RUowners, Gazprom and Gazprom Neft , for a total price of up to 1 billion euros. The agreement was finalized on January 19, 2026, and involves the 44.9 percent interest held by Gazprom Neftand the 11.3 percent share belonging to Gazprom.
HUwill purchase a 56.16 percent stake from the current Russian RUowners, Gazprom and Gazprom Neft , for a total price of up to 1 billion euros. The agreement was finalized on January 19, 2026, and involves the 44.9 percent interest held by Gazprom Neftand the 11.3 percent share belonging to Gazprom.The transaction is a critical step for energy security in Serbia 
RSfollowing the imposition of sanctions by the United States 
USin October 2025. These measures, targeting the energy sector of Russia, halted the delivery of Crude Oil WTI through the Janaf pipeline in Croatia and forced the closure of the only refinery in Serbia. aleksandar vucic noted that the purchase price was established between 900 million and 1 billion euros as part of a move to restore the flow of Crude Oil WTIto the region.
RSfollowing the imposition of sanctions by the United States USin October 2025. These measures, targeting the energy sector of Russia, halted the delivery of Crude Oil WTI through the Janaf pipeline in Croatia and forced the closure of the only refinery in Serbia. aleksandar vucic noted that the purchase price was established between 900 million and 1 billion euros as part of a move to restore the flow of Crude Oil WTIto the region.
