Hungary's MOL to buy Serbia's Russia-owned NIS oil company if U.S. approves

Hungary's MOL to buy Serbia's Russia-owned NIS oil company if U.S. approves

January 19, 2026 / Nathan Pine /




Hungary’s MOL Group energy company said on Monday they have signed a preliminary agreement to buy a 56.15% stake in Serbia’s Russia-owned main oil supplier that has been sanctioned by the United States.



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Nathan Pine

I focus on highlighting the latest in business and entrepreneurship. I enjoy bringing fresh perspectives to the table and sharing stories that inspire growth and innovation.

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