From November, the flow of Russian oil to Serbia will stop

All crude imported from Serbia arrives via container ships at the Omislja terminal on the island of Krk and from there arrives in Serbia via the JANAF Adriatic pipeline along the Danube. Subsequently from Novi Sad it is routed to the Pancevo refinery.

Until a few months ago, Serbia received almost two thirds of crude oil from Iraq, equal to 45% of imports, 10% came from Kazakhstan and 1% from Norway. 15% of the total came from Russia, which in recent months has offered a significantly lower price on the market. Precisely for this reason, and in anticipation of the entry into force of European sanctions, Serbia has significantly increased in recent months the share of Russian crude oil importations, from 16 to 60% of the total, while imports from Iraq and Kazakhstan are reduced.

With the entry into force of the sixth sanctions package approved by the European Union, Serbia will also be forced to turn to other suppliers, and for this reason the purchase price will increase for both importers and final consumers. For example, the price of Iraqi crude oil has been $ 30 higher than that of Russia in recent months. Furthermore, the price of crude oil is the result of global supply and demand, so given that other European countries will also have to turn to suppliers such as Iraq, it is easy to foresee very substantial increases starting from November. What is the JANAF pipeline? The JANAF Adriatic oil pipeline went into operation in 1979, when the first container ship arrived at the Omisljaj terminal on the island of Krk. At the time the island was part of Yugoslavia and the pipeline still serves Croatia, Slovenia, Serbia, Bosnia and Herzegovina as well as Hungary, Slovakia and the Czech Republic.

This post is also available in: Italiano

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