Serbian oil company NIS to set up unit in Hungary – wire, Uncategorized
Serbian oil company NIS, majority owned by Russia’s Gazprom Neft, plans to set up a unit in Hungary as part of regional expansion strategy, Reuters reported, citing a statement by the company.
The company is also setting up subsidiaries in Bosnia, Bulgaria and Romania.
“The registration of subsidiaries in Romania, Bulgaria, Hungary and Bosnia is a NIS’ step towards the realisation of a strategy to develop business in the Balkan region and initial phase in actively entering these markets,” NIS said in a statement to Reuters.
- March 1, 2021 Serbia: Big loss at NIS in 2020
- March 1, 2021 Romania: Romgaz make an offer for ExxonMobil’s stake in Neptun Deep
- March 1, 2021 Romania: Moftinu-1008 well test completed