Serbia and Hungarian oil company MOL have reached an agreement regarding arrangements surrounding a potential sale of Serbian oil and gas company NIS. The deal follows months of negotiations between the two parties. However, the agreement is contingent upon approval from Moscow, as Russia currently holds a significant stake in NIS through Gazprom Neft. Serbia is not the seller in this potential transaction; rather, it is facilitating an arrangement between MOL and the current owner. Details of the agreement remain undisclosed, but it appears to address the framework for a possible transfer of ownership. The next step involves Moscow’s decision on whether to approve the proposed sale. This development marks a significant moment in the ongoing discussions regarding the future of NIS and regional energy dynamics.