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Mol Nyrt. and Gazprom Neft have finalized a deal granting the Hungarian company control of Serbia’s sole oil refinery. This agreement is pivotal as it includes terms for addressing the complex ownership issues tied to US sanctions previously imposed on the plant’s operator, NIS. The transaction paves the way for the lifting of these sanctions, ensuring the continued operation of the key energy facility and stabilizing the region’s energy supply. The deal marks a significant strategic shift for Mol in the Balkans.
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