Hungarian oil and gas company MOL has finalized an agreement with the Serbian government to take full ownership of Serbian oil giant NIS. The deal resolves a long-standing dispute over the governance and ownership structure of NIS, in which MOL held a significant, but not controlling, stake. Details of the financial terms were not immediately disclosed, but the agreement signifies a major shift in the energy landscape of the region. The Serbian government previously held a 56.15% share in NIS, while MOL owned 34.83%. This acquisition strengthens MOL’s position as a leading energy player in Central and Eastern Europe. The agreement is expected to streamline operations and facilitate further investment in Serbia’s oil and gas sector. Further details are available at dailynewshungary.com.