Key Highlights
- Shree Mishra Tue, January 20, 2026 at 8:25 PM GMT+5:30 2 min read MGYOY SIBN. ME Hungarian oil and gas company MOL Group has signed a heads of agreement (HoA) with Gazprom Neft to acquire the latter’s 56.15% stake in Naftna Industrija Srbije (NIS) for an undisclosed price.
- The deal with the Russian company will grant MOL control of Serbia's only oil refinery, located in Pancevo.
- It also marks a significant expansion of MOL's operations in the central and south-eastern European energy market.
- This acquisition aims to guarantee sustained and stable operations at the Pancevo refinery and its associated business units, ensuring a consistent energy supply to the region.
- MOL Group chairman and CEO Zsolt Hernádi said: “As a reliable regional energy provider, we would like to contribute to the development of central and south-eastern Europe.
