Serbia reviews plans to sell state oil company NIS to Gazprom

The new Serbian government will revise the agreement made with Gazprom for the sale of its state energy company NIS, Serbian Economy minister Mladjan Dinkic announced, quoted by Russian electronic daily Gazeta. In his opinion, the documents do not reflect Serbian interests.

Dinkici argued that negotiations need to be continued until both parties find a common stand. Parliament speaker Oliver Dulic announced this weekend that the agreement with Gazprom would not be accepted nor ratified, since the document did not reach the Parliament yet.

Russia and Serbia signed in February an intergovernmental agreement opening up the way for the South Stream pipeline to cross Serbia. South Stream is a direct competitor of the Nabucco project, sustained by the EU and several countries including Romania.