Overview
- Energy Minister Dubravka Djedovic Handanovic said MOL and Gazprom Neft agreed on the basic provisions of a future sale and purchase agreement for Gazprom Neft’s stake in NIS and will submit them to the US for review.
- OFAC has licensed NIS to operate until January 23 and to negotiate a sale until March 24, with Belgrade aiming to file the draft terms by January 19–20 to seek an operating extension.
- President Aleksandar Vucic said the submission will detail ownership rights, company structure and share percentages to support OFAC’s decision on continued operations.
- The Pancevo refinery, which supplies about 80% of Serbia’s fuel, restarted production on Sunday after a December 31 licence reprieve following an early December shutdown.
- Serbia is negotiating to raise its stake to around 35% for greater decision-making rights, ADNOC is in talks to join the buyer group, and MOL has pledged to keep the refinery running under a future deal.