Gazprom Neft Formed Working Group on Implementation of Agreement for the Purchase of 51% of Serbian NIS

JSC Gazprom Neft has formed a working group on implementation of Agreement between the Governments of Russia and Serbia on cooperation in the oil and gas field and Protocol of main terms of purchase by JSC Gazprom Neft of 51% of shares of Serbian oil company - Naftna Industrija Srbije AD (NIS).

One of the tasks of the working group is to hold negotiation with the Serbian Government to complete the purchase of the blocking stock in NIS.

The working group is headed by Dmitry Malyshev, Advisor to Chairman of the Management Board of JSC Gazprom Neft.

The Serbian Government has formed a similar working group to hold negotiations with JSC Gazprom Neft. This working group is headed by Mladyan Dinkich, Vice Prime Minister, Minister of Economy and Regional Development.

Intergovernmental Agreement and the Protocol of main terms of purchase of 51% of NIS were signed in January 25, 2008 in Moscow.