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Energy Minister Belinda Balluku urged oil suppliers this Friday to check whether they have a safe oil reserve, as required by law.
Oil refineries are obliged to maintain reserves for 90 days of consumption, said Balluku:
“The Ministry has the data and are clear and transparent all the amounts of security reserve that each of you must maintain. You are required to maintain security reserves. Oil refineries and trading companies must maintain security reserves equal to 90 days of sale security. The board that the Prime Minister mentioned will be set up to manage on a daily basis the entire performance of the oil market will have the task that through the control instruments we administer, we will start field inspections to see the actual condition of oil deposits where the quantity should be found. of the required security reserve. “This will start starting tomorrow on the ground,” said the minister.
She urged traders to review the export market.
The war in Ukraine has increased the price of hydrocarbons in many countries around the world, including Albania. Some countries, such as Serbia, have banned the export of some raw materials, such as oil and wheat, which has also seen a rise in prices.
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