The oil industry of Serbia on February 12, it submitted a new request to the US Ministry of Finance for the issuance of a special license that enables the unhindered performance of the company's operational activities even after February 20. when the term stipulated in the previous license expires.
In the request, NIS emphasizes the importance of the company's regular work for the economy of Serbia, as well as the current one negotiations on changing the ownership structure, stating that the extension of the operating license would also provide the necessary time frame for the interested parties to finalize these discussions, the statement states.
The Office of Foreign Assets Control (OFAC) of the US Department of Finance previously issued a license to shareholders and interested parties to negotiate changes in the ownership structure of NIS valid until March 24, 2026.
Previous extension
US Department of the Treasury's Office of Foreign Assets Control (OFAC) in January, it extended its operating license Oil Industries of Serbia (NIS) until February 20th.
In a letter to the Serbian Ministry of Finance, OFAC stated the conditions under which the operating license is valid.
The conditions are that the transactions do not involve US entities or the financial system SAD, that the transactions do not involve, are not on behalf of or for the benefit, directly or indirectly, of any other blocked entity other than NIS.
It is also a condition that the transactions do not involve any other activity that is subject to sanctions in accordance with the Regulations on Sanctions Due to Harmful Foreign Policy Activities of Russia (31 CFR Part 587), the Regulations on Sanctions Related to Ukraine and Russia (31 CFR part 589), or the regulations of other US authorities authorized to impose sanctions.
When MOL takes over NIS
The buyer of the Serbian Oil Industry should be a joint venture between MOL and ADNOC, in the structure of which the Hungarian company would be the majority and controlling owner, while the partner from the UAE would be a minority shareholder, it was announced.
Kthat contract of Gazpromneft i MOL-a on the purchase of the Russian share owned by NIS, it should be signed by March 20th, the Minister of Finance of Serbia said earlier Sinish Mali.
What is known so far about the sale of NIS
