Middle East Economic Survey

VOL. LIV

No 4

24-Jan-2011

CASPIAN

Gazprom Neft To Increase Its Stake in Serbia’s NIS

Russia’s Gazprom Neft announced on 17 January that it plans to increase by 19.12% its interest in Serbia’s main oil and gas company, Naftna Industrija Srbije (NIS). Since December 2008 Gazprom Neft has held 51% of the equity of NIS, which is a potential partner in the Serbian section of the proposed South Stream gas pipeline project and recently won a...