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Serbia's NIS requests extension of US Treasury license beyond July 1
Serbia's oil company NIS has requested an extension of its OFAC license beyond July 1, while the US has granted Hungary's MOL until July 31 to finalize talks on acquiring a controlling stake. The timeline involves Gazprom's planned sale of its stake, Serbia's increased share, and ADNOC's potential minority participation.
Serbia's oil company Naftna Industrija Srbije (NIS) has submitted a request to the US Treasury Department's Office of Foreign Assets Control (OFAC) seeking an extension of its operating license beyond July 1, as reported by TASS. The move comes amid ongoing negotiations for the sale of a stake in the company, which is under US sanctions alongside its majority shareholder Gazprom Neft.
Coverage Comparison
TASS's reporting on the matter spans several developments across late June and early July. On June 26, the agency quoted NIS's press service saying the company had approached OFAC with a request to issue a new special license that would allow it to continue operations without disruption. The same report noted that OFAC had earlier extended NIS's operating license through July 1 and set that date as the deadline for negotiations on MOL's purchase of the Russian stake.
By July 1, two separate TASS reports outlined the next steps. One report said OFAC had extended the license for JANAF, the Croatian Adriatic pipeline operator, to supply feedstock to NIS until July 31. Another reported that the United States had granted Hungarian oil and gas company MOL an additional month to finalize talks on acquiring a controlling stake in NIS. MOL stated it had received official authorization from OFAC to continue negotiations until July 31, 2026.
On July 7, Serbian President Aleksandar Vucic expressed hope that negotiations on MOL's buyout of Russia's stake in NIS would be successfully concluded soon, describing the situation as "not easy" and "not simple."
Key Claims
NIS submitted a request to OFAC for an extension of its operating license.
OFAC extended the license for JANAF to supply feedstock to NIS until July 31.
The US granted MOL until July 31 to finalize negotiations on acquiring a controlling stake in NIS.
Gazprom and MOL signed an agreement of intent—described variously as a memorandum of understanding, a letter of intent, or a memorandum of intent—to sell a stake in NIS.
Serbian authorities announced an increase in their share in NIS by 5%, which would allow Belgrade to influence certain decisions at shareholders' meetings.
MOL is negotiating with UAE-based ADNOC to join NIS owners as a minority shareholder.
NIS owners are under US sanctions, with the company added to the sanctions list in January 2025 along with Gazprom Neft; restrictions took effect on October 9, 2025.
Moscow and Belgrade discussed the sale of Gazprom's stake in NIS, as confirmed by Kremlin Spokesman Dmitry Peskov, who noted the contacts were commercial and not public.
Serbian President Aleksandar Vucic expects negotiations on MOL's buyout of Russia's stake to be concluded successfully soon.
How this outlet told it
TASS — English
Framing: Neutral — Informative
Facts Included:
OFAC extended the license for JANAF to supply feedstock to NIS until July 31
Gazprom and MOL signed an agreement of intent to sell a stake in NIS
Serbian authorities announced an increase in their share in NIS by 5%
MOL is negotiating with ADNOC to join NIS owners as a minority shareholder
Each row is one claim, attributed to the outlet whose wording states it most clearly. Confidence rates how directly the source text states the claim — explicit and unhedged rates high; hedged, pieced-together, or internally inconsistent statements rate lower. It does not measure whether the claim is true. Status counts the distinct outlets we found asserting it — so a single-source claim can still show high confidence, and a multi-source claim can show medium. Every one of those outlets is named beside the status, so you can check the count against the list. For claims extracted before we began storing that list, the row says so: it names the outlet the claim is quoted from and states that we have not recorded which outlets backed it. Outlets wrote at different times, so a figure that evolves — a casualty count, for example — can legitimately differ between rows; check the "as of" time next to each claim's source.
Claim
Confidence
Status
ClaimOFAC extended the license for JANAF to supply feedstock to NIS until July 31.