Serbian oil sector: A new energy policy regulatory framework and development strategies

Vesna Karovic Maricic, Dusan Danilovic and Branko Lekovic

Energy Policy, 2012, vol. 51, issue C, 312-322

Abstract: Serbia has established a great part of new legislative and institutional framework as a basis for all energy sub-sectors' development in compliance with EU energy acquis. Main objectives of Serbian energy policy outlined in the new Energy Law are focused to increasing the energy supply security, energy efficiency, competitiveness of the energy market, use of renewable energy sources and environmental protection. Further steps of Serbia toward full EU membership concerning the new energy policy regulatory framework involve implementing and enforcing legislation. Besides considering the issue of Serbian energy policy and degree of its framework's alignment with the EU acquis, this paper provides an overview of new development strategies in the oil sector. The aim of Gazprom neft, a majority owner of the Petroleum industry of Serbia, is to increase crude oil production to 3milliontonnes, refining and sales volume of petroleum products to 5milliontonnes by 2020. Strategic development projects in crude oil and petroleum products transportation are: petroleum product pipeline construction in Serbia and Pan-European oil pipeline.

Keywords: Energy regulatory framework; Oil sector's development; Supply security (search for similar items in EconPapers)
Date: 2012
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:enepol:v:51:y:2012:i:c:p:312-322

DOI: 10.1016/j.enpol.2012.08.021

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