Oilmen want Kosovo to create reserves as the EU asks

Even this year, the Ministry of Commerce has failed to secure oil reserves. This is expected to be again marked as a black spot in the new Progress Report.

It has been repeatedly suggested that the Ministry of Commerce have reserves in line with the country's demands for three months, which its value amounts to 1.8m euros.

In this regard, Minister of Commerce Bajram Hasani himself had been declared in the past.

The law on oil and state reserves is also according to the agenda of economic reforms and must certainly be completed”, Hasani has said.

Since Thursday Kohavision has submitted requests to the Ministry of Commerce to get a statement from Minister Bajram Hasani on this condition of the European Union, but Hasani has been in a party activity since 14th and has consistently refused to declare himself.

The 2016 Progress Report said that Kosovo has not noted progress in this regard.

“No progress has been noted in bringing legislation to the field of oil reserves. Current oil reserves are estimated to last up to four days”, the 2016 Progress Report said.

At the Oil Association, they say they have demanded that this condition be met.
The Kosovo oil market has also been criticised often because of the price dispute with international stock exchanges. When the price increases, Kosovo is on the move with the trend, but when prices fall on the stock market, this is seen little in our country.