Russian shareholders agree to sell their shares in Serbian oil company.

On November 19th local time, the Serbian Minister of Mining and Energy, Zorana Mihajlovic, announced that the Russian majority shareholder of the Serbian oil company has agreed to sell its 56.15% stake. She stated that they are currently in deep discussions with potential buyers, but due to commercial confidentiality, the identity of the buyer has not been disclosed. Mihajlovic emphasized that the government insists on two core requirements: the Serbian oil company must continue to operate stably, and the oil supply must be restored as soon as possible. At the same time, the company has filed a special permit application with the Office of Foreign Assets Control under the US Department of Treasury through its legal team in the United States, aiming to continue importing crude oil and maintaining the operation of its refinery in Pancevo.