Gazprom optimistic about Serbia pipeline deal
Under the terms of the Russia-Serbia oil and gas
agreement, a 400-kilometre section of the South Stream pipeline will be built through Serbia.
In return, Gazpromneft will acquire a 51% stake in Serbia's state-owned oil company, NIS, for €400 million.
Gazpromneft hopes to finalise the deal with NIS after the Serbian parliamentary elections in May.