Serbian Energy Minister expects talks on NIS with Hungary’s Mol to be completed by May 16
Warum es wichtig ist
Negotiations are underway for Hungarian holding MOL to acquire the Russian stake in Serbian oil company NIS. The deal is seen as crucial for Serbia's energy security, particularly in light of recent global energy crises.
BELGRADE, May 5. /TASS/. Negotiations on the buyout of the Russian stake in Serbian oil company NIS by Hungarian holding MOL are expected to end successfully by May 16, Serbian Mining and Energy Minister Dubravka Djedovic Handanovic said.
"We will end negotiations very soon and will reach an agreement on rights and responsibilities of shareholders, which will take approximately on May 16, as we anticipate. We expect conditions will be created after that to transmit certain information to the United States, which is required for approval of the agreement," the minister said, cited by Serbian Radio and TV.
MOL is to provide for a certain fuel output at NIS production facilities after the deal completion, the minister noted. "We see in the current crisis how vulnerable the countries are that have no refineries, and how strong their dependence on imports is," she stressed.
Worauf zu achten ist
KI-Ausblick — Möglichkeiten, keine Fakten
Negotiations will conclude successfully by May 16.
Sehr wahrscheinlich · Innerhalb von Tagen
US approval for the agreement will be obtained.
Wahrscheinlich · Innerhalb von Wochen
MOL will provide for a certain fuel output at NIS facilities post-deal.
Sehr wahrscheinlich · Kurzfristig
Offene Fragen
- What are the specific terms of the agreement regarding shareholder rights and responsibilities?
- What information needs to be transmitted to the United States for approval?
- What is the exact nature of the fuel output commitment from MOL?
- What is the value of the Russian stake being bought out?
