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Gazprom considers selling Serbian oil firm
Gazprom Neft, the Russian oil company, is negotiating the sale of its 56% stake in the Serbian oil company (NIS) to avoid the U.S. sanctions imposed on it since January 2025 due to the war in Ukraine. The company confirmed that the deal is complex and is mainly in talks with the Hungarian oil and gas company MOL, which has expressed interest. The deadline has been extended until July 1, 2025. Serbia faces pressure to increase its stake in the company after the sale is completed, while the Russian company faces challenges due to sanctions and their impact on production operations.
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