US extends operational licenses for NIS, MOL, and JANAF until August 28

The U.S. Office of Foreign Assets Control (OFAC) has extended operational licenses for Serbia's oil company NIS, Hungary's MOL, and Croatia's pipeline operator JANAF until August 28.

The short-term extension allows NIS to maintain its business operations and continue importing crude oil through the Adriatic Pipeline system managed by JANAF. Additionally, the decision provides a temporary regulatory window for ongoing negotiations concerning the potential ownership transfer or sale of NIS.

The move offers temporary relief for regional energy supply logistics in the Western Balkans and Central Europe while broader regulatory and ownership issues remain unresolved.

Sources: Dan