Hungary's MOL received extension to negotiate purchase of Russian-owned NIS oil firm

BUDAPEST, July 1 (Reuters) - Hungary's energy company MOL MOLB.BU said on Wednesday that it received an official license from the U.S. Treasury's Office of Foreign Assets Control to continue negotiations on the purchase of Serbia's Russian-owned NIS oil firm until July 31.

MOL signed an agreement in January to buy the combined 51.56% stake held by Gazprom Neft SIBN.MM and Gazprom GAZP.MM, pending approval from the U.S. Treasury.


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