A recent agreement between Hungarian energy company MOL and the Serbian government regarding the future of Serbia’s oil and gas company, NIS, has been reached but leaves critical questions unanswered. The deal’s specifics concerning the ownership structure and future operations of NIS remain undisclosed. Key issues surrounding state ownership and the direction of the company are still subject to further discussion. While the agreement signifies a step forward, details regarding investment plans and potential privatization strategies are lacking. The lack of transparency has prompted scrutiny from industry analysts and observers. Further negotiations are expected to clarify the outstanding issues and define the long-term trajectory of NIS. The agreement aims to secure energy cooperation between the two nations, but concrete outcomes are pending.