MKI: It was possible to see the importance of the supply of oil derivatives

The head of the Directorate for Oil and Gas in the Directorate for Energy and Energy Efficiency of the Ministry of Capital Investments, Zorana Sekulić, presented the draft law and opened a public debate together with the consultant on the draft, Krešimir Baranović.

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From the round table, Photo: Ministry of Capital Investments
From the round table, Photo: Ministry of Capital Investments
Disclaimer: The translations are mostly done through AI translator and might not be 100% accurate.

Through an open discussion on the draft Law on Supply of Oil Derivatives in the event of disruptions in supply, it was possible to take a closer look at the significance of the entire issue on the security of supply of Montenegro.

This was announced by the Ministry of Capital Investments (MKI), adding that today, in the premises of the Chamber of Commerce, they held a round table as part of the public debate on the text of the draft of that Act.

The head of the Directorate for Oil and Gas in the Directorate for Energy and Energy Efficiency of the Ministry of Capital Investments, Zorana Sekulić, presented the draft law and opened a public debate together with Krešimir Baranović, a consultant on the drafting of the draft.

The interested public present included representatives of oil companies, the Ministry of Finance, the Chamber of Commerce, the Electric Industry of Montenegro, the Association of Oil Companies of Montenegro, independent analysts and experts in the field of oil derivatives and other interested public.

The Ministry stated that those present showed the greatest interest and concern about the deadline for the mandatory reserves to be formed in Montenegro, which is January 1, 2023.

"Through the open discussion, it was possible to take a closer look at the obligations of future obligees to form mandatory reserves, but also the broader context, i.e. the importance of the entire issue on the security of supply to Montenegro in the event of disruptions in supply or its prevention, which may occur on the local, regional or world market", says the announcement.

As it was added, the representatives of the Ministry invited all those present to submit their comments, proposals and suggestions on the text of the Draft Law in writing.

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