Gazprom to control Serbia's oil
 Serbia is being offered a secure gas supply in return for its oil monopoly |
Russia and Serbia have signed a controversial energy deal that will hand Russian gas giant Gazprom control of NIS, Serbia's oil monopoly.
Under the deal, Gazprom is to build a gas pipeline through Serbia and an underground gas storage facility there.
Russia's President Dmitry Medvedev and his Serbian counterpart Boris Tadic signed the agreement in Moscow.
The plan is for Serbia to host part of a new pipeline called South Stream, to deliver Russian gas to southern Europe.
Gazprom is taking a 51% stake in NIS for 400m euros (
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