Czech Republic doesn’t comply with EU directive on oil stocks

The Czech Republic currently doesn’t fulfil the European Directive on oil and crude oil reserves, the head of State Administration of State Material Reserves Pavel Švagr told the Czech News agency on Thursday. According to the directive, EU countries with no oil of their own must maintain emergency stocks of crude oil or petroleum products equal to at least 90 days of net imports. However, the Czech Republic’s current oil reserves would only last for 87 days. The State Administration of State Material Reserves has already informed the government and the European Commission about the situation.

Author: Ruth Fraňková