Minister of Mining, Oil and Gas advocates legal reforms for better business environment

Admir Šahmanović, the Minister of Mining, Oil and Gas, highlighted the necessity of legal reforms to foster a favorable business climate while safeguarding the interests of the state and local communities.

During a meeting with Nina Drakić, the President of the Chamber of Commerce (PKCG), they explored potential models and actionable steps to improve collaboration between the ministry and the business sector, especially in mining and oil derivatives.

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The discussion underscored the importance of active participation in the amendments to the Mining Law, emphasizing timely engagement with the private sector to ensure greater benefits for citizens and society as a whole, as noted in a ministry statement.

Drakić cited the successful partnership in drafting the Law on Security of Oil Supply as a positive example of collaboration.

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Šahmanović presented the ministry’s future activities and work plan, which includes aligning national legislation with European standards and introducing new laws regarding oil derivatives reserves and fuel marking.

He stressed that the ministry’s focus would be on advancing key projects such as the Adriatic-Ionian Pipeline (IAP), the Liquefied Natural Gas (LNG) terminal, and ensuring a just energy transition in the Municipality of Pljevlja. The importance of PKCG’s involvement in these initiatives was particularly emphasized.

The Chamber of Commerce offered its resources to connect with both domestic and regional businesses, aiming to facilitate experience sharing and develop sustainable solutions in the extraction of mineral resources, especially construction-grade stone.

They also discussed strategies for optimizing the use of existing reserves, which would further enhance the mining and mineral extraction sector.

The meeting concluded with an agreement to solidify collaboration through PKCG’s ongoing working groups, including the Energy and Mining Association Committee and the Oil and Oil Derivatives Distributor Group, to ensure ongoing constructive dialogue and the achievement of shared goals.