Serbia to build 500 million euros worth oil storage – Serbia, 28 October 2016

In order to increase the country’s oil reserves so that they could last for 61 days in accordance with the EU regulations, Serbian Ministry of Energy has launched a project for a public-private partnership, inviting the largest oil companies to build oil and petroleum products storage worth 500 million euros.
Currently, Serbia has about 50,000 tons of stored petroleum products, which is less than 10 % of the amount prescribed by the EU, according to which Serbia has to have storage capacity of at least 500,000 tons by 2023.

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