Deal to sell stake in Serbia’s NIS to Hungary’s MOL would benefit Russia, Lavrov says

MOSCOW: Russian Foreign Minister Sergei Lavrov said on Tuesday that a deal for Hungary’s MOL to acquire a stake in Serbian oil refiner NIS would be beneficial for Russia.

Russia’s Gazprom Neft has reached a provisional agreement to sell its majority stake in NIS to MOL , Serbia’s Energy Minister Dubravka Djedovic Handanovic said on Monday. Russia’s Gazprom holds an 11.3% stake in NIS, while its sanctioned oil unit Gazprom Neft owns 44.9%.

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The Serbian government has 29.9%, with the remainder held by small shareholders and employees.