The nation’s significant oil reserves are primarily managed through a network of facilities operated by just four key companies. A smaller portion of these reserves is stored within state-owned tanks, representing a supplementary element of the overall strategy. Furthermore, several companies, notably Okta, Makpetrol, Lukoil, and Supertrade, maintain their own holdings, paying fees for the provision of this service.
These state oil reserves are meticulously categorized, detailing volumes and types. Specifically, the inventory encompasses 138.9 million liters of Eurodiesel, 32.1 million liters of Eurosuper 95 gasoline, 10.8 million liters of extra-light fuel for vehicles (EL-1), and 5.3 million kilograms of M-1 diesel. The Agency for Mandatory Fuel Reserves diligently oversees this entire system.
Crucially, all companies holding these reserves are legally bound to make these products readily available to the state government at any time. This ensures the government’s ability to intervene effectively within the market. The Agency’s monitoring process extends to the most granular level, tracking each liter to guarantee continuous accessibility of these vital oil reserves.
Topics: #oil #reserves #state
North Macedonia holds oil reserves capable of supplying the country for sixty days.
North Macedonia holds oil reserves capable of supplying the country for sixty days.