Pancevo oil refinery (BetaPhoto/Ministry of Mining and Energy of Republic of Serbia/Emilija Jovanovic)
Serbian Mining and Energy Minister Dubravka Djedovic Handanovic stated on Jan. 16 that she expected the Pancevo refinery, owned by the Serbian Oil Industry (NIS), to start working by the end of this week, since crude oil delivery via the JANAF pipeline had started.
“The Russians are negotiating the sale of the stake in NIS with Hungary’s MOL and some other possible partners, and the goal is for these negotiations to be completed before the end of this week and for a binding agreement to be signed,” the minister said at a news conference after a meeting in Belgrade with Hungary’s minister of foreign affairs and trade, Peter Szijjarto.
She added that, after the signing of the binding agreement on the sale of Russia’s stake in NIS, a request for extending the operating license for NIS would be sent to the U.S.
She recollected that the U.S. has set March 24 as the deadline for the transfer of the Russian stake in NIS, which is the condition for lifting the sanctions against the company. She added that MOL had no hidden agendas and that it would not shut down the Pancevo refinery.
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