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A joint Croatian–Montenegrin consortium has emerged as the top-ranked bidder in Montenegro’s long-delayed tender to modernize state-owned oil storage tanks at the port of Bar. The winning bid was submitted by Croatia’s S.A.K.Z. in partnership with several Montenegrin companies, with a total value of 1.74 million euros, narrowly undercutting a competing offer from a Montenegrin–Serbian […]

Montenegro’s Ministry of Mining, Oil and Gas has issued a new tender for the reconstruction of state-owned oil storage facilities in the coastal city of Bar. The project, aimed at securing the country’s mandatory oil reserves, is estimated at 1.8 million euros and will be financed through European Union funds. The Bar storage site, with