Mol Nears Deal to Buy Gazprom Stake in Sanctioned Serb Refinery

Hungarian energy company Mol Nyrt. is closing in on the takeover of Serbia’s sole refinery as US sanctions force Russia’s Gazprom Neft PJSC to sell its majority stake.

Mol and Gazprom Neft are days away from announcing a deal on the Russian company’s stake in NIS AD, after which Hungary will ask US authorities to lift sanctions on the Serbian refinery, Foreign Minister Peter Szijjarto said on Thursday in Belgrade.