Montenegro’s largest petroleum-products distributor, Jugopetrol, reported a sharp increase in first-half earnings after higher fuel volumes, improved supply terms and stronger demand from airlines, yachts,...
Montenegro will store part of its mandatory petroleum-product reserves with Jugopetrol because state-owned facilities do not currently have sufficient usable capacity.
Some public storage infrastructure is undergoing...
Montenegro’s petroleum distribution sector expanded significantly during the past year, with combined revenues of the country’s leading oil companies exceeding €603 million, while aggregate sector...
Montenegro’s fuel distributor Jugopetrol opened 2026 with improved profitability, supported by higher revenues and steady operational performance across its core segments.
In the first quarter of 2026, the...
Montenegro’s Hydrocarbons Administration has issued a second tender worth approximately €11 million for the procurement of the first tranche of the country’s mandatory oil...
Montenegro’s Regulatory Agency for Energy and Regulated Utility Activities (REGAGEN) has granted Jugopetrol a license to operate in the transport of petroleum products using...
