Oil companies operating in Serbia have prepared for the import of larger quantities of oil derivatives due to the introduction of sanctions on NIS
The Hungarian government and the MOL company announced that they will increase fuel deliveries to Serbia due to the introduction of sanctions against NIS. The General Secretary of the Association of Oil Companies of Serbia, Tomislav Mićović, told RTS that other oil companies have also prepared for the import of larger quantities of oil derivatives.
"Compared to the year 2023, which is one year of the usual relationship between oil derivatives from domestic production and imports that was on our market, the average monthly import of gasoline was 5.300 tons, now it is somewhere around 13.000 tons. The average monthly import of diesel was around 36.000 tons, in these first eight months of 2025 it is already 58.000 tons," said Mićović.
As he explained, this already shows that they have actually activated their sources to import a larger quantity.
"On the one hand, to raise the level of stocks, commercial stocks in their warehouses in order to be more resistant to possible other disruptions and to actually ensure that they can deliver to the market in the future, if there are even bigger disruptions," Mićović pointed out.
Speaking about the number of traders of petroleum products and retail establishments, Mićović said that there are quite enough of them and that they can cover the market.
"As far as wholesale warehouses are concerned, those capacities are actually optimized for such a market where the refinery in Pancevo exists and operates. They are not intended for the creation of some large stocks and the turnover of a much larger quantity of goods than this now. We are witnessing in Serbia that imports are significantly more, but then some limits of possibilities are reached. It can still be increased to a certain extent, but now it is necessary to take some measures that will facilitate and speed up those imports," said Tomislav Mićović.
When it comes to the framework for responding in crisis situations, Mićović explained that the Association of Oil Companies has proposed better coordination when it comes to logistics in delivering oil by trains and barges.
"Coordination between different departments, the Ministry of Construction, Transport and Infrastructure, the Ministry of Energy and oil companies, that coordination must be more intensive simply so that we get the most out of this system we have," Mićović emphasized.
He pointed out that the risks were already listed in the Decree on responding to crisis situations on the oil market in 2019 and new risks cannot appear.
"The first risk is the cessation of the flow of crude oil to Serbia. The second is the shutdown of the refinery. The first two biggest risks, in fact, one has already materialized, crude oil is not coming to Serbia, the other is on the verge of materializing. The management of those risks is now in front of us and we should be careful and everyone should get involved in it," said Mićović.
This October, "Vreme" celebrates and honors - as much as 35 percent discount for our 35th birthday! Valid for semi-annual and annual subscriptions. Subscribe now!
Australian "Qantas" presented a plane that will be able to fly for 22 hours continuously. The new "Airbus A350-1000ULR" is part of the ambitious "Sunrise" project, which should connect Sydney and London non-stop from 2027
In the IMF's "World Economic Review" report, Serbia is in 26th place out of 41 European countries in terms of GDP projections for 2026. Serbia's growth will slow down the most this year, it was announced in the regular autumn report.
Switzerland-based Gunvor has said it is withdrawing its bid to buy the international assets of Russia's Lukoil after the White House called it a "Kremlin puppet".
Energy expert Miloš Zdravković says that there will be no shortage of fuel, but the budget of Serbia will suffer enormous damage due to the sanctions on NIS. On the other hand, his colleague Željko Marković warns that disruptions in the oil derivatives market are inevitable
The state-owned company "Tigar AD" from Pirot joined the infamous group of factories that started accusing workers in the south of Serbia.
Aleksandar Vučić is carrying out an unannounced coup d'état. It's for nothing. He has no defense against the demand for justice. Because how can he look into the eyes of a mother who is on hunger strike, calm the people on the streets and silence the schoolchildren who are shouting on the excursion - "Pump!"
Aleksandar Vučić thinks he is traveling to Brussels on Tuesday as the President of the Republic of Serbia, but he is actually leaving as the President of Ćaciland. That's what he reduced himself to, only he's still not aware of it
A huge commemoration was held in Novi Sad for the victims of the carport, touching and necessary. The fixation on the exact number of people is completely missed because this is not that game anymore
The archive of the weekly Vreme includes all our digital editions, since the very beginning of our work. All issues can be downloaded in PDF format, by purchasing the digital edition, or you can read all available texts from the selected issue.
See all
