Serbia Probes NIS Sale to Gazprom Neft Amid UAE Plans

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Serbia opened an investigation into the sale of Naftna Industrija Srbija AD to OAO Gazprom Neft five years after the government signed a 30-year energy pact with Russia that ceded control over its oil and gas market.

Interior Minister Nebojsa Stefanovic “formed a special investigation team to examine all the facts and circumstances related to the privatization of Naftna Industrija Srbije,” his ministry said by e-mail today. Novi Sad-based NIS referred all questions to the governments of Russia and Serbia. Gazprom Neft’s press service wasn’t immediately available for comment.