Europe: TTF gas prices...

In late October 2025, TTF gas futures remained relatively stable, trading in the...

Region: SEE power prices...

During Week 44 of 2025, electricity prices in Southeast Europe (SEE) declined slightly...

Romania: Econergy secures €25...

Israeli renewable energy company Econergy Renewable Energy has secured a €25 million project...

Montenegro: EPCG completes modernization...

Montenegrin state-owned power utility EPCG has completed the reconstruction and modernization of Unit...
Supported byClarion Energy
HomeNews Serbia EnergySerbia is late...

Serbia is late with the construction of oil storage facilities


The editor of the portal “Energija Balkana” Jelica Putniković stated that Serbia is late with the construction of storage for crude oil.

She pointed out, however, that it is good that work has started on this, because it means additional energy security for the economy and citizens.

Putniković said that Serbia long ago undertook to provide mandatory reserves of crude oil and derivatives until December 31st, 2022, but that it was only this year, when Europe began to be afraid that there could be shortages of crude oil and derivatives, and we started thinking about making bigger reserves.

“The construction of oil derivatives storage tanks in Smederevo, as recently announced by the Minister of Energy Dubravka Đedović, which will be able to store 100,000 tons of crude oil, shows that the state is now making up for what it should have started with earlier and Serbia will very soon fulfill the condition that has crude oil reserves for 90 days,” said Putniković.

Supported byOwner's Engineer banner

Recent News

Supported byspot_img
Supported byspot_img

Latest News

Supported byspot_img
Supported bySEE Energy News

Related News

North Macedonia: OKTA reports strong profit growth despite lower revenues in 2025

North Macedonian oil refinery OKTA, owned by Greece’s Hellenic Petroleum, reported a net profit of 7.3 million euros in the first nine months of 2025, up from 2.1 million euros in the same period last year. The company’s sales...

Hungary boosts domestic oil production to record levels in bid for greater energy security

Hungary continues to rely heavily on imported oil, but the country is stepping up efforts to strengthen domestic production as part of a long-term plan to improve energy security. According to a study by the Oeconomus Economic Research Foundation,...

Europe: Brent oil and gas prices stable in late October as OPEC+ confirms production increase

Brent crude oil futures for the Front Month on the ICE exchange reached their weekly high of $65.62 per barrel on Monday, October 27, a level 0.5% lower than the previous week’s closing price. After falling by 1.9% on...
Supported byVirtu Energy
error: Content is protected !!