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Home > Finance > Russia's Gazprom Neft reaches provisional agreement to sell NIS stake to Hungary's MOL

Russia's Gazprom Neft reaches provisional agreement to sell NIS stake to Hungary's MOL

Published by Global Banking and Finance Review

Posted on January 19, 2026

1 min read

Last updated: January 19, 2026

Russia's Gazprom Neft reaches provisional agreement to sell NIS stake to Hungary's MOL - Finance news and analysis from Global Banking & Finance Review

Tags:oil and gas foreign investment

Quick Summary

Gazprom Neft has agreed to sell its majority stake in Serbian oil refiner NIS to Hungary's MOL, pending U.S. sanctions approval.

Gazprom Neft Agrees to Sell Majority Stake in NIS to Hungary's MOL

Overview of the NIS Stake Sale

BELGRADE, Jan 19 (Reuters) - Russia's Gazprom Neft has reached a provisional agreement with MOL to sell the Hungarian company its majority stake in Serbian oil refiner NIS, Serbia's Energy Minister Dubravka Djedovic Handanovic said on Monday.

Details of the Agreement

In a statement to the Video Plus news service, she said that the U.S. Treasury Department's Office of Foreign Assets Control, which had introduced sanctions against NIS over Russian ownership, will need to approve the deal.

Impact of U.S. Sanctions

(Reporting by Aleksandar Vasovic; Writing by Ivana Sekularac; Editing by Joe Bavier)

Key Takeaways

•Gazprom Neft plans to sell its majority stake in NIS to MOL.
•The sale is subject to U.S. Treasury Department approval.
•NIS is a Serbian oil refiner affected by U.S. sanctions.
•Serbia's Energy Minister announced the provisional agreement.
•The deal highlights ongoing geopolitical energy shifts.

Frequently Asked Questions about Russia's Gazprom Neft reaches provisional agreement to sell NIS stake to Hungary's MOL

1What is Gazprom Neft?

Gazprom Neft is a Russian oil company and a subsidiary of Gazprom, primarily involved in the exploration, production, and refining of oil and gas.

2What is NIS?

NIS, or Naftna Industrija Srbije, is a Serbian oil company that operates in the oil refining and distribution sectors.

3What is MOL?

MOL is a Hungarian multinational oil and gas company involved in the exploration, production, refining, and distribution of petroleum products.

4What is a majority stake?

A majority stake refers to owning more than 50% of a company's shares, giving the stakeholder significant control over the company's decisions.

Editorial & Advertiser disclosure

Home > Finance > Russia's Gazprom Neft reaches provisional agreement to sell NIS stake to Hungary's MOL

Finance

Russia's Gazprom Neft reaches provisional agreement to sell NIS stake to Hungary's MOL

Published by Global Banking and Finance Review

Posted on January 19, 2026

1 min read

Last updated: January 19, 2026

Tags:oil and gas foreign investment

Quick Summary

Gazprom Neft has agreed to sell its majority stake in Serbian oil refiner NIS to Hungary's MOL, pending U.S. sanctions approval.

Gazprom Neft Agrees to Sell Majority Stake in NIS to Hungary's MOL

Overview of the NIS Stake Sale

Details of the Agreement

Impact of U.S. Sanctions

(Reporting by Aleksandar Vasovic; Writing by Ivana Sekularac; Editing by Joe Bavier)

Key Takeaways

•Gazprom Neft plans to sell its majority stake in NIS to MOL.
•The sale is subject to U.S. Treasury Department approval.
•NIS is a Serbian oil refiner affected by U.S. sanctions.
•Serbia's Energy Minister announced the provisional agreement.
•The deal highlights ongoing geopolitical energy shifts.

Frequently Asked Questions about Russia's Gazprom Neft reaches provisional agreement to sell NIS stake to Hungary's MOL

1What is Gazprom Neft?

Gazprom Neft is a Russian oil company and a subsidiary of Gazprom, primarily involved in the exploration, production, and refining of oil and gas.

2What is NIS?

NIS, or Naftna Industrija Srbije, is a Serbian oil company that operates in the oil refining and distribution sectors.

3What is MOL?

MOL is a Hungarian multinational oil and gas company involved in the exploration, production, refining, and distribution of petroleum products.

4What is a majority stake?

A majority stake refers to owning more than 50% of a company's shares, giving the stakeholder significant control over the company's decisions.