Does Kosovo have state oil reserves?

Does Kosovo have state oil reserves?

Kosovo is one of the few countries in the Balkans that does not have oil refinerys, and the entire fuel supply comes from import. While, the state oil reserve that the law envisions is managed by the Ministry of Industry, Trade and Trade (MINT) does not have much information on the amount or possibility of market intervention in [...]

Article 12 of the State Reserve Law envisions that oil and derivatives must be among the reserves.

“The designated non-industrative-industrative products, reproductive materials, oil and derivatives of it, medicines, sanitation material, and the medicino-veinary means necessary for transport of goods with special interest for defence of the state”, it says. law.

From the Oil Association in the recent Assembly, it has raised oil reserves as a topic to be stored in storage and gas stations.

Fadil Beryan, chairman of this association, has said that oil reserves should be stored in warehouses and gas stations up to 50 percent.

“Into the warehouse to use 50 percent of capacity, while fuel stations must use up to 40 percent of their capacity. The government must invest in increased reserves capacity”, Berryan has said of Periscope.

Periscop has requested answers from the Ministry of Industry and Trade regarding the establishment of state reserve, but we have not received answers.

The price of derivatives exceeded 1.50 euros due to the start of the war between America-Israel and Iran. The problem is the Strait of Hormuz, where a large portion of the ovate-loaded ships, which Iran has threatened to bomb all cargo at sea.

This has affected Kosovo, which through a decision Minister of Industry and Trade Mimoza Kusari is trying to curb the price by setting a 12-center-litre monthly profit margin to those with 2 cents per litre. /Periscope/

State launches strict control for oil prices in Kosovo, this is maximum margin

 

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