Market Chatter: Adnoc Reportedly in Talks to Buy Russia's Stake in Serbia's NIS

08:39 AM EST, 12/09/2025 (MT Newswires) -- Serbian oil and gas company NIS is in talks to sell the 56% stake of its Russian owners in the company to Abu Dhabi National Oil Co., d/b/a Adnoc, London's Financial Times reported Tuesday, citing unnamed sources. While the Abu Dhabi state-owned energy giant is reportedly the favored buyer of Gazprom's controlling stake, NIS is also in talks with Hungarian national oil group MOL. NIS owns the only oil refinery and is the main supplier of oil products in Serbia; its assets are worth $4.7 billion as of 2024, according to the report. Adnoc said it had no comment in response to a request from MT Newswires. (Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)