petroleum products

Serbia Expands Oil Reserves and Import Routes Amid NIS Supply Uncertainty

Serbia has increased its mandatory crude oil and petroleum-product reserves to 56 days of average net imports, while expanding storage capacity and considering additional import routes as uncertainty surrounding NIS and the Pančevo refinery affects the country’s fuel-security planning. Mandatory reserves have reached 291,459 tonnes, according to the Mining and Energy Ministry, against a national target equivalent to 90 days of average net imports. Serbia has also increased storage capacity, including through new facilities in Smederevo, providing additional space for…