Serbia to allow local firms to supply its refinery amid low Danube levels

Serbia is set to permit local oil companies to utilize the country's sole oil refinery, NIS, to guarantee fuel supplies throughout August. The move comes as a direct response to surging demand and the severe impact of record-low water levels on the Danube River, a crucial transport route.

Ministerial statements indicate that this decision is aimed at bolstering the nation's energy security during a period of heightened demand and logistical challenges. The low water levels on the Danube have significantly hampered traditional transportation methods for oil, necessitating alternative solutions to maintain refinery operations and market supply.

By enabling local firms to access the NIS refinery, Serbia seeks to mitigate potential shortages and stabilize the market. This strategic decision underscores the government's commitment to ensuring consistent energy availability for its citizens and industries amidst challenging environmental and economic conditions.