Gazprom Neft signs agreement to sell controlling stake in Serbian oil refiner NIS to Hungarian MOL
Hungary's MOL has signed a binding deal to acquire a 56.16 percent stake in NIS from Gazprom Neft. The move seeks to restart Serbia's sole oil refinery.
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Russia 
RUbased Gazprom Neft has signed a binding agreement to sell its 56.16 percent controlling stake in the Serbian 
RSoil refiner NIS to MOL Hungarian Oil and Gas Plc . MOL Hungarian Oil and Gas Plcconfirmed the binding agreement in a formal statement on January 19, 2026, while Gazprom Neft confirmed it has also signed an agreement of intent with the Hungarian 
HUfirm. The transaction seeks to restart the Pancevo refinery, which is the sole refinery in Serbiaand is operated by NIS. The facility has been offline since October 2024 after the U.S. 
US Treasury Department Office of Foreign Assets Control (OFAC) imposed sanctions on the Russian-owned entity.
RUbased Gazprom Neft has signed a binding agreement to sell its 56.16 percent controlling stake in the Serbian RSoil refiner NIS to MOL Hungarian Oil and Gas Plc . MOL Hungarian Oil and Gas Plcconfirmed the binding agreement in a formal statement on January 19, 2026, while Gazprom Neft confirmed it has also signed an agreement of intent with the Hungarian HUfirm. The transaction seeks to restart the Pancevo refinery, which is the sole refinery in Serbiaand is operated by NIS. The facility has been offline since October 2024 after the U.S. US Treasury Department Office of Foreign Assets Control (OFAC) imposed sanctions on the Russian-owned entity.
