• 3 minutes Will Iron-Air batteries REALLY change things?
  • 7 minutes Natural gas mobility for heavy duty trucks
  • 11 minutes NordStream2
  • 3 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 5 hours U.S. Presidential Elections Status - Electoral Votes
  • 2 days Evergrande is going Belly Up.
  • 2 days World’s Biggest Battery In California Overheats, Shuts Down
  • 5 hours Is China Rising or Falling? Has it Enraged the World and Lost its Way? How is their Economy Doing?
  • 14 hours Monday 9/13 - "High Natural Gas Prices Today Will Send U.S. Production Soaring Next Year" by Irina Slav
  • 1 day Poland Expands LNG Powered Trucking and Fueling Stations
  • 12 hours The unexpected loss of output from wind turbines compels UK to turn to an alternative; It's not what you think!
  • 3 days And now, hybrid electric locomotives...
  • 3 days The Painful Death of Coal
  • 3 days Ozone layer destruction driving global warming
  • 3 days 'Get A Loan,' Commerce Chief Tells Unpaid Federal Workers
  • 2 days Is the Republican Party going to perpetuate lies about the 2020 election and attempt to whitewash what happened on January 6th?

Poland, Czech Republic, Hungary Tap 8 Million Barrels Oil Reserves

Hungary, Poland, and the Czech Republic are releasing a total of 8 million barrels from their respective strategic petroleum reserves to keep refineries operating after contaminated crude forced the shutdown of the Druzhba pipeline carrying oil from Russia to customers in Europe, industry sources told Reuters on Friday.  

Last week, several countries, including Poland, shut down the flow of Russian crude oil via the 1-million-bpd Druzhba pipeline after traces of contamination were found. The oil was contaminated with organic chlorine, a substance used in oil production to boost output but dangerous in high amounts for refining equipment. The amounts of the chemical were found to be at levels much higher than the maximum allowable amount.

The tainted oil that flew through the Druzhba oil pipeline from Russia to customers in Europe was “deliberately contaminated” at a private terminal, according to Russia’s oil pipeline operator Transneft.

Earlier this week, the International Energy Agency (IEA) said that Poland had tapped its emergency crude oil stockpiles in order to keep key refineries operating.

The energy ministry of Poland decided to release 500,000 tons of oil from its strategic stocks on April 26, and another 300,000 tons on April 30, a spokeswoman for the ministry told Reuters in an emailed comment on Thursday.

Now it’s up to Poland’s refiners PKN Orlen and Lotos to decide when to use those stocks and how much to draw from them, according to the energy ministry’s spokeswoman.

The Druzhba pipeline shutdown has also impacted deliveries to Germany and Slovakia, but these two countries haven’t decided yet if they would tap into their emergency stockpiles.

Russia said at the end of last week that it expects the Druzhba pipeline to return to full normal deliveries within two weeks, while the state oil company of Belarus, Belneftekhim, said on Thursday that crude oil meeting standards arrived via the Druzhba pipeline at the Belarusian border with Russia on May 2.

By Tsvetana Paraskova for Oilprice.com

More Top Reads From Oilprice.com:



Join the discussion | Back to homepage



Leave a comment

Leave a comment

EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News