MOL receives OFAC approval to continue NIS negotiations until June 16
Hungarian oil and gas company MOL has received a formal licence from the U.S. Treasury’s Office of Foreign Assets Control (OFAC) allowing it to contin
Hungarian energy company MOL has secured a license from the U.S. Treasury's Office of Foreign Assets Control (OFAC). This approval permits MOL to continue negotiations related to the Druzhba oil pipeline. The negotiations are now authorized to proceed until June 16th.
This OFAC license is crucial for ensuring the continued flow of oil through the Druzhba pipeline, impacting energy supply and market stability.
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