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Tag: oil

“Oil crisis”, INSTAT figures and importers: No room for panic

Russia and Ukraine remains the two main oil importers to the country, despite the war between them. Following alarms raised by importers as the country is in danger of not having oil in the market, INSTAT data processed by Faktoje showed that in the first 4 months of this year, total oil imports decreased by only 2%. Furthermore, the...

The draft budget for 2018 is 3.4 billion euros, the excise tax on oil will increase

The draft budget for 2018 is worth 3.4 billion euros, announced Minister of Finances Dragan Tevdovski. Today, he presented the figures to the public, civil society organizations and representatives of the chambers of commerce. The budget deficit is planned at 2.7% of the domestic gross product versus 2.9% last year. This, as Tevdovski said, is aimed at gradually reducing the debt...

SDSM: They have to come to their senses rather than thinking about Mijalkov’s oil

Gjorge Ivanov must allow for a peaceful transfer of power rather than to protect criminals, said SDSM’s morning press release, which states that “Ivanov’s and Gruevski’s scenario for blockade of democratic processes due to criminal interests.” “A reason must prevail instead of interests concerning Mijalkov’s oil. The citizens have heard about the six million of euros that Gruevski’s cousin,...

Makpetrol has been left with no license to store oil

"Makpetrol" - Skopje will no longer store crude oil, oil derivatives, bio-fuels or fuels for transport, because the company did not have their license extended for energy activities from the Energy Regulatory Commission. -"Makpetrol" - Skopje timely requested to extend their license on July 10, 2015 and in addition they provided documentation on the basis of which it was issued...

Macedonia will not profit from the decline in the price of oil

The historic decline in oil prices across the globe has fallen to less than $30, or more precisely $29.93 per barrel, however this will not affect consumers in Macedonia so much. It will slightly affect the price of products and the formation of the cost of petrol, except crude oil, and some other items. “The price of oil, fuel or...

A gas crisis can have a more lasting impact than an oil crisis

Meta contacted experts in the energy field, regarding the blocking of the accounts of the largest gas and oil supplier in Macedonia, Makpetrol. The expert were unanimous- the move by the Government may cause a bigger crisis in the supply of gas rather than oil. According to Atanasko Tuneski, professor at the Faculty of Mechanical Engineering and former director of...