BAKU, Azerbaijan, April 12. Azerbaijan’s state oil company SOCAR is interested in taking over the majority of shares in the Serbian oil company NIS, Trend reports with reference to Serbian media.
Reportedly, SOCAR is in contact with the Serbian government as well as with the majority owner of NIS, the Russian state-owned Gazpromneft.
The EU has banned the sale and transport of crude oil on its territory to companies from third countries whose majority owner comes from Russia. This is the case with the Petroleum Industry of Serbia (NIS), in which the Russian state company Gazpromneft owns a 51 percent share.
However, a few days ago, there were media reports that the EU had decided to exempt Serbia from these sanctions against Russian companies, which means that NIS could still be supplied regularly and operate normally.
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