Serbia's Mining and Energy Minister Dubravka Jevđović Handanovič and… (газпром · компания · сербия)

Serbia's Mining and Energy Minister Dubravka Jevđović Handanovič and Hungarian oil-gas company MOL signed an agreement defining the conditions for managing Serbia's NIS Oil Company in the event of a buyout of its Russian shareholding.

Consensus

• Serbia and MOL signed an agreement on management of NIS if MOL buys Russian stake
• The deal requires approval from US OFAC
• The agreement ensures continued operation of the Pancevo refinery for at least 10 years
• MOL is negotiating with 'Gazprom Neft' to purchase 56.15% of NIS shares
• The agreement includes provisions for Serbia to potentially increase its stake by 5%
• The deal is subject to approval by the Serbian government

Points of divergence

• MOL has signed a binding preliminary agreement with Gazprom Neft for the purchase of its NIS stake — vedomosti
• MOL has not yet signed a final purchase agreement with Gazprom Neft — interfax
• The agreement will only take effect after the sale contract is signed and OFAC approval is obtained — vedomosti
• The agreement was approved by the Serbian government and is already in effect — interfax