State Material Reserves Administration files 1.5 billion crown claim

Claims by the Czech Republic against the German firm Viktoriagruppe storing Czech strategic diesel oil reserves amount to 1.8 billion crowns, the Czech News Agency reported on Monday, the final day creditors can file claims against the company in insolvency. The Czech Republic's State Material Reserves Administration confirmed it has lodged claims worth 1.5 billion but a ČTK source said an additional 300 million could be filed by Czech customs and tax authorities. Neither body confirmed as much. The amount of Czech diesel oil stored in Germany would cover two days’ consumption across the country. The Czech Republic's total diesel oil reserves would suffice to cover consumption for 95 days, the news agency said.