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HomeOil & GasSerbia's oil and oil derivatives storage is 88 per cent filled

Serbia’s oil and oil derivatives storage is 88 per cent filled

Serbia’s total oil storage capacity amounts to 320,000 tons and currently, 88 per cent of that is filled, as confirmed by Deputy Prime Minister and Minister of Mining and Energy, Zorana Mihajlovic while visiting the construction works of tanks for the storage of oil and oil derivatives in Smederevo.

“The tanks that are being built here, some are almost finished, two will be ready by the end of this year, two more next year and at the beginning of 2024 they will already be able to be filled with oil derivatives,” she underlined. “This is only part of the work we do in the field of oil and gas because, in addition to buying and importing, we also need to provide conditions for storage because we are facing a severe crisis.”

Zorica Andjelkovic, director of the Republic Directorate for Commodity Reserves, also confirmed that the capacity of each of the six reservoirs under construction is 20,000 cubic meters and that the works will be finished at the end of 2023.

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