The Serbian government and Hungarian energy company MOL have signed a shareholders’ agreement regarding the management of Naftna Industrija Srbije (NIS), Serbia’s oil and gas company. The agreement, signed by Serbian Mining and Energy Minister Dubravka Đedović Handanović, formalizes the existing partnership and outlines future collaboration. Details of the agreement weren’t immediately disclosed, but it signifies a continued strategic relationship in the energy sector. This move aims to strengthen Serbia’s energy security and attract further investment. The agreement builds upon a long-standing collaboration between Serbia and MOL in the oil and gas industry. Further details regarding the specifics of the management structure and investment commitments are expected to be released in the coming days. This partnership is expected to impact Serbia’s energy landscape for years to come.