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Montenegro to raise fuel prices for oil reserves formation amid global crisis

Oil reserves are being formed through a surcharge on retail prices, which will be paid by the final consumer, economic analyst Oleg Filipović stated....

Montenegro launches tender for oil reserves storage tanks in Port of Bar

The Ministry of Mining, Oil and Gas has announced a tender for the adaptation of oil derivatives storage tanks at the Port of Bar....

Montenegro to start building strategic oil reserves in 2025 for energy security

Montenegro will begin forming its strategic oil reserves as early as next year, a key step in ensuring energy security and price stability, according...

Montenegro set to establish first oil reserves by mid-next year

Montenegro is expected to receive its first oil reserves in the first half of next year, with an investment of €7.5 million, according to...
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Minister of Mining,oil and gas: Oil reserves to depend on future fuel prices

The timeline for establishing oil reserves will largely be influenced by future fuel prices, according to Admir Šahmanović, the Minister of Mining, Oil and...

Montenegro to invest €44.5 million in oil reserves by 2028

Montenegro will need €44.5 million to establish oil reserves by the end of 2028. Of this amount, €7.5 million has been secured as a...
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