NIS: key OFAC license decision expected on Tuesday
On June 13, 021, citing RTS, carried Jelica Putnikovic's assessment that the nearest critical deadline for NIS is Tuesday, June 16, when the existing licenses expire. Even after the Serbia-MOL arrangement, the outcome depends on OFAC consent, concrete contracts, possible governance changes, and guarantees for keeping the Pancevo refinery operating.
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Putnikovic on NIS: key decision expected on Tuesday
021 publishes an RTS item with an assessment from Jelica Putnikovic, editor of Energija Balkana: Serbia and MOL's arrangement on a possible majority stake in NIS could strengthen the state's position in company management, but the final outcome depends on US OFAC consent. Putnikovic says Tuesday is the key day because existing NIS licenses expire then; after that, concrete contracts and possible governance changes still have to be defined. She stresses the strategic importance of the Pancevo refinery for energy security, market supply, its link to Petrohemija, and budget revenues, while noting that a future owner, if MOL takes control, could assess Pancevo alongside its capacities in Hungary and Slovakia.