Assistant Minister of Mining and Energy for Oil and Gas, Saša Koković, stated that there are currently no disruptions in the supply of oil derivatives on the domestic market, but that all possible scenarios are being actively reviewed to ensure energy security.
He said that national fuel reserves are at maximum levels, managed by the Energy Reserves Administration and the Republic Commodity Reserves Directorate, and that cooperation with oil companies is ongoing to increase fuel imports. According to Koković, companies have already announced that imports in November will exceed the usual monthly levels.
He emphasized that, alongside measures to maintain market stability, finding a solution for the continued operation of the Pančevo refinery is of key importance. The refinery is currently relying on domestic oil supplies after the expiration of the U.S. Treasury’s OFAC license, which had allowed crude oil imports despite sanctions.
At a meeting of the National Crisis Coordination Group for the Oil Sector, participants discussed market supply, reserve levels, import logistics, storage capacity, and potential transport bottlenecks.
Representatives of MOL Serbia and Lukoil Serbia confirmed that despite production issues in Hungary and sanctions from the U.K. and the U.S., they plan to carry out previously scheduled imports by the end of the month.
The Ministry also recalled that oil companies in Serbia plan to import over 100,000 tons of oil derivatives by the end of October using all available transport routes.
The meeting included representatives from several ministries, government agencies, and oil companies such as NIS, MOL, Lukoil, OMV, Eko, Petrol, and others.
