MOL Group confirms intent to buy majority stake in Serbia's NIS

The Hungarian MOL Group's confirmation of its intent to purchase a majority stake in Serbia's Oil Industry (NIS) marks a significant development in the regional energy landscape. This move signals MOL's unwavering commitment to Central and Southeastern Europe, as articulated by Chairman-CEO Zsolt Hernádi.

“

Our goal has always been to build a Central and Southeastern European supply security ecosystem in which the synergies between refineries and energy infrastructures are maximized.

Hernádi emphasized MOL's strategic vision: building a robust energy supply security ecosystem across the region. The recent investment in the Delayed Coker Unit at INA in Croatia and the planned acquisition of NIS are presented as prime examples of this long-term dedication and regional responsibility. MOL aims to maximize synergies between its refineries and energy infrastructures, a move that promises to enhance operational efficiency and bolster energy security for multiple nations.

“

The recently commissioned Delayed Coker Unit in Rijeka, the largest investment in the history of our Croatian company, INA, and the aim to purchase NIS are prime examples of this: we are committed to the region for the long term and take responsibility for every country.

This acquisition is not merely a business transaction; it represents MOL's dedication to ensuring the region's energy stability. From a Hungarian perspective, this expansion reinforces MOL's position as a key player in the European energy market, demonstrating strategic foresight and a commitment to regional development. The focus on supply security resonates deeply in a region often sensitive to external energy dependencies, positioning MOL as a reliable partner.

“

Our ability to ensure the region’s security of supply.