Supply of crude oil to NIS from state reserves authorised

The Government of the Republic of Serbia in a caretaker capacity announced that representatives of NIS a.d. informed the Ministry of Mining and Energy of disruptions to the regular supply of crude oil caused by damage to the JANAF oil pipeline.

Consequently, a request was made to utilise state reserves to ensure the uninterrupted operation of the Pančevo Refinery and the continued supply of the Serbian market.

Having assessed the situation and with the aim of protecting vital national interests, the government in a caretaker capacity decided to authorise the supply of up to 66,000 tonnes of crude oil to NIS from state reserves.

This decision was made to ensure the continued operation of the Pančevo Refinery and an uninterrupted market supply so that citizens would not face the consequences of the damage to the pipeline, given that there is no alternative to the JANAF supply route, without which the Pančevo Refinery cannot function.

Citizens have no reason for concern, nor is there any need to stockpile petroleum products, the statement notes.