Serbia said this week that Russia's Gazprom Neft (SIBN.MM) and Gazprom (GAZP.MM) - had sent a request to the U.S. Treasury's Office of Foreign Assets Control (OFAC), stating readiness to cede control of the company to a third party.
Serbia's US-sanctioned oil firm NIS gets three months to find buyer, energy minister says
Serbia secured a three-month licence from the US to try to find a buyer for its Russian-owned oil company, NIS, which is under sanctions that threaten fuel supplies ahead of winter, energy minister Dubravka Djedovic-Handanovic said on Saturday.
Serbia said this week that Russia’s Gazprom Neft SIBN.MM and Gazprom GAZP.MM — which together hold a controlling stake of 56% in the country’s only oil refiner NIIS.BEL — had sent a request to the US Treasury’s Office of Foreign Assets Control (OFAC), stating readiness to cede control of the company to a third party.
OFAC initially placed sanctions on Russia’s oil sector, including Gazprom GAZP.MM, in January, but for NIS they were postponed several times and finally came into effect on October 8.
The US Treasury department has approved a three-month licence for NIS to give the company’s owners time to look for a buyer, Djedovic-Handanovic said on live TV. The company and its oil refinery will not be allowed to operate in the meantime.
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