Where is North Macedonia storing oil?

North Macedonia already has capacities through private entities that could be used for storage of compulsory oil reserves. The largest storage capacities are located in the OKTA refinery which currently serves as a hub for majority of the imported fuels.

Is North Macedonia a state-owned power company?

North Macedonia’s state-owned power company was unbundled and partially privatized in the early 2000s. Austrian utility company EVN has been responsible for electricity distribution in North Macedonia since entering the market in 2006.

Did North Macedonia change its energy regulations?

There were no major energy legislative changes, but North Macedonia continued to harmonize its energy regulations with the EU Energy Community’s Third Energy Package (TEP). North Macedonia’s state-owned power company was unbundled and partially privatized in the early 2000s.

How much will ESM invest in North Macedonia?

Final bids are expected in the second half of 2022. The investment is estimated at $640 million and will be crucial for balancing the electricity system. ESM owns and operates North Macedonia’s only wind farm, a 36.5 MW park in the southern part of the country. It plans to increase capacity with two separate 14 MW investments in the same area.

Where is North Macedonia located?

North Macedonia is a country in the Balkan peninsula in Southeast Europe. Ranked as the fourth "best reformatory state" out of 178 countries ranked by the World Bank in 2009, North Macedonia has undergone considerable economic reform since independence.

Will Macedonia re-open a dormant oil pipeline?

The pipeline and refinery have only been used for storage since 2013. The governments of North Macedonia and Greece are discussing re-opening the dormant oil pipeline.