mandatory oil reserves

Serbia maintains strategic oil and fuel reserves domestically and abroad

Serbia’s mandatory oil and fuel reserves are stored both within the country and abroad (through “tickets”), according to the Ministry of Mining and Energy, as reported by Forbes Serbia. The ministry emphasized that information on the exact locations is confidential. The confidentiality is in line with regulations outlined in the Rulebook on the Management of Mandatory Oil and Fuel Reserves. However, publicly available documents indicate that Serbia stores its reserves at Transnafta facilities, the Republic Directorate for Commodity Reserves, and…