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Limited coverage this month. See events for details.
4 topics | 25 sources
Hungary's state-owned oil and gas company, MOL, has reached an agreement to buy a majority stake in Serbia's NIS oil company from Russia's Gazprom. The deal would give MOL control over Serbia's main oil refiner and fuel retailer. The transaction is pending approval from the United States government.
The European Union is taking several steps focused on the Balkan region. It has allocated €171 million for infrastructure and private sector growth there and says it will address issues facing truck drivers in the area. Separately, there are reports that Europe is looking at the Balkans, along with Ukraine, as potential locations for new drug production hubs.
The United States has extended a license allowing Naftna Industrija Srbije (NIS), a Serbian oil company that is majority-owned by Russia and under US sanctions, to continue its operations. The company has also restarted its refinery in Serbia.
Serbia is waiting for approval from the United States to increase the state's ownership stake in the oil and gas company NIS. President Aleksandar Vučić said the terms of the deal will be sent to the US Treasury Department by January 23.
+ 14 additional sources tracked