Representatives of MOL to Visit NIS Next Week and Begin Due Diligence
Representatives of the Hungarian company MOL will visit Naftna Industrija Srbije (NIS) next week to begin a due diligence review of the company’s operations. During the visit, they are expected to tour all key NIS facilities.
This is a standard procedure in the process of acquiring oil companies.
On December 31, the U.S. Department of the Treasury issued a special license to NIS, allowing the Serbian oil company to continue its operational activities through January 23, 2026.
According to the company, the license enables NIS to maintain its business operations, contracts, and other agreements related to NIS and its operating subsidiaries.
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Serbian President Aleksandar Vucic stated at the annual press conference that Serbia has two goals for 2026: the first, political, is peace and stability; the second is to make 2026 the best year in Serbia’s history, primarily in terms of the economy.
This includes the resumption of refinery processing, crude oil imports, and the execution of transactions necessary to ensure supply security and technical maintenance.
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First Deputy Prime Minister and Minister of Finance Sinisa Mali stated that he expects the Hungarian company MOL to officially take over the Oil Industry of Serbia (NIS) by mid-March.
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