Serbia is actively seeking a buyer for its state-owned oil company, NIS, with a potential purchaser identified following discussions with Hungary’s MOL Group. Minister of Mining and Energy Dubravka Đedović Handanović signed an agreement with MOL regarding the future management of NIS. While a portion of the challenges surrounding the sale have been addressed, the overall context remains complex. The agreement outlines future governance arrangements but does not finalize the sale itself. Further negotiations are expected to determine the terms of the transaction and ensure a smooth transition. The move aims to restructure the energy sector and attract foreign investment. Details regarding the potential buyer’s identity and the financial terms of the deal have not yet been fully disclosed.