President Aleksandar Vucic said talks are underway over the future ownership of Naftna Industrija Srbije (NIS), which operates the Pancevo refinery, according to remarks reported by Hungary Today. Vucic said Moscow now sees a sale of its stake as beneficial under current sanctions conditions and acknowledged that MOL has featured in those discussions. NIS is majority owned by Gazprom Neft, which holds just over 56% of the company, while the Serbian government owns around 30%. The ownership structure has become increasingly problematic as sanctions complicate access to financing, insurance, and international banking services for Russian-controlled energy assets operating inside Europe. The Pancevo refinery has a processing capacity of roughly 4.8 million tonnes per year and supplies most of Serbia’s domestic fuel demand, with additional flows into neighboring Balkan markets.