Antic: Serbia has enough oil, this is guaranteed by the mandatory reserves

Serbia currently has the highest level of security of oil supply, says Minister of Mining and Energy Aleksandar Antic.

He added that in 2015, Serbia introduced a mandatory reserve mechanism, and these have been raised to a higher level. Serbia is also the only country with mandatory reserves today and they are part of the negotiation process, Antic said.

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Serbian Prime Minister Ana Brnabic also denied that Serbia's oil security was in danger and stressed that oil reserves are a sufficient guarantee that the supply is not jeopardized.

This was denied by Finance Minister Sinisa Mali as well - after the League of Social Democrats of Vojvodina called on Ana Brnabic yesterday to announce whether it's true that mandatory reserves of oil in Serbia can only cover ten days, and whether it's possible that "the millions of euros" collected from excise duties on fuel had been used for other items in the budget.

(Telegraf Biznis)