Serbia’s NIS and Sberbank sign deal on long-term cooperation

By bne IntelliNews May 16, 2013

Serb oil firm NIS said it signed an agreement with Sberbank Srbija on Thursday, May 16, kicking off the cooperation between the two companies in future projects of joint interest. The deal was signed by NIS’ CEO Kiril Kravchenko and the head of Sberbank’s Serbian unit, Valeriy Ovsyannikov, the Serb energy company controlled by Russia’s Gazprom Neft informed in a statement.

Kravchenko said in the statement that Sberbank Srbija has offered NIS attractive terms of cooperation, expressing his belief the partnership will help NIS expand its business in Serbia and Southeast Europe.

Sergey Gorkov, a deputy chairman of the board for international business at the Russian bank, who was also present at the contract signing, said Sberbank traditionally has long-term relations with international oil and gas firms. He added the bank plans to sign similar contracts with other Serbian companies as well.

“We are interested in a long-term cooperation with companies from all branches of the economy – energy, food industry, trade and so on,” Gorkov said.

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