Tag: oil reserves

The closure of the State Oil Company – Bulgaria, 08 February 2022

Bulgarian Minister of Economy and Industry Korneliya Ninova said, while presenting the 2022 draft budget before the relevant Parliamentary Committee, that the State Oil Company will be closed. She added […]

Oil companies obliged to secure fuel reserves – Serbia, 05 January 2022

According to new regulation, from this year, besides the mandatory reserves of oil and oil products, oil companies will be obliged to secure so-called operating fuel reserve for four days. […]

Parliament adopted necessary amendments for the establishment of state oil company – Bulgaria, 10 July 2020

The Bulgarian Parliament has adopted legal amendments necessary for the establishment of state-owned company which will manage storage and replenishment of the country’s oil reserves. The new company will engage […]