Oil

State of Compliance

The main law governing the oil sector in Kosovo* is the Oil Market Law of 2005, as amended in 2009. The Ministry of Trade and Industry (responsible for oil and petroleum products) drafted a new Law on Compulsory Oil Stockholding in March 2014, with the assistance of the Secretariat. The Law was expected to be adopted in the fourth quarter of 2016 or first quarter of 2017. Despite the Secretariat’s support and efforts, its approval by government and thus subsequent adoption by parliament is still pending.