No cause for panic: Serbia has enough oil reserves to last several month

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No cause for panic: Serbia has enough oil reserves to last several month

Serbia is not expected to face serious fuel supply disruptions despite a week-long interruption in crude oil deliveries through the JANAF pipeline, energy expert Miloš Banjac said.

Banjac, a professor at the University of Belgrade's Faculty of Mechanical Engineering, said the country could rely on existing reserves for two to three months without regular oil deliveries. He warned, however, that the pipeline malfunction was more serious than initially believed. Banjac expects JANAF to repair the fault soon, adding that failure to deliver contracted oil supplies could result in financial penalties, depending on the terms of the agreements. He

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