NIS left without Russian oil arriving through the Adriatic oil pipeline

The Oil Industry of Serbia (NIS) will not be able to obtain Russian crude oil through the Adriatic Oil Pipeline (JANAF), after the new package of European Union sanctions against Russia - the Ministry of Mining and Energy stated.

As the Ministry told N1 TV, Serbia is not the only European country affected by the new package of EU sanctions, but that they are "doing everything to ensure a secure supply".

The new package of sanctions prohibits the supply of Russian crude oil through any port, by sea, and NIS is supplied with crude oil delivered by tankers to the port of Omisalj in Croatia.

- This means that there is no possibility to deliver any more Russian crude oil to the Pancevo Refinery, however, NIS could import all other types of crude oil except Russian, as it had already imported oil from Iraq and some other countries in the previous period - the spokespeople from the Ministry stated.

According to them, in the upcoming period, in addition to resolving the issue of supply, work will be done on increasing the stocks of crude oil, which "would provide additional security in case of market disruptions" with stable reserves of oil derivatives.

- One of the expected consequences of the new package of EU sanctions is the pressure on demand, because other countries will also look for alternatives to oil imports from Russia - the Ministry of Mining and Energy explained.

NIS a.d. Novi Sad

Oil Industry of Serbia

NIS

Adriatic Oil Pipeline

JANAF

Ministry of Mining and Energy

Port of Omisalj

supply of Russian crude oil

sanctions