EIB TO BOOST BOSNIA STRATEGIC OIL RESERVES
August 1st, 2018THE EUROPEAN Investment Bank (EIB) has developed plans to lend EUR15 million to Bosnia & Herzegovina’s Terminali Federacije Doo Sarajevo to expand the country’s oil storage facilities. As well as protecting Bosnia & Herzegovina from possible future disruptions in oil supplies, the project would bring the country in line with European Union (EU) rules on holding minimum stocks of crude oil and petroleum products of 250,000 cubic metres. Bosnia must comply with these as a member of the EU-backed Energy Community.
ENDS
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