EIB to boost Bosnian strategic oil reserves

The European Investment Bank (EIB) has developed plans to lend €15mn to Bosnia & Herzegovina’s Terminali Federacije Doo Sarajevo to expand the country’s oil storage facilities, writes Keith Nuthall.

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 cm. Bosnia must comply with these as a member of the EU-backed Energy Community.