MOL is negotiating buying a stake in NIS!

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Talks are underway about the possibility of the Hungarian oil and gas company MOL buying a stake in the Serbian NIS (Petroleum Industry of Serbia).

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This was announced today by Gergely Gulyas, the minister (chief of staff) of the Hungarian Prime Minister's Office.

Gulyas said that if an agreement is reached, the transaction would be "a normal market operation," but stressed that the discussions are still in an early stage, Reuters is reporting.

The Hungarian official added that it is "in the interest of NIS for Russian ownership to exit" and that one of the options is "a greater role of Hungary's MOL."

Hungarian Minister of Foreign Affairs and Trade Peter Szijjarto was in Belgrade yesterday, where he met with Minister of Mining and Energy Dubravka Djedovic Handanovic.

Szijjarto stated afterwards that MOL will increase oil exports to Serbia by 2.5 times and that Hungary will use all available means to help our country with oil supplies.

(Telegraf.rs/Tanjug)