42270
France Turns to Emergency Oil Reserves Amid Strikes
Energy

France Turns to Emergency Oil Reserves Amid Strikes

France has been relying on its strategic fuel reserves for the past two days in the face of widespread blockades of oil depots by union activists, head of the French oil industry federation said on Wednesday.
"For the past two days, since there have been operational problems at the refineries and blockades of depots, we have ... been using reserve supplies," Francis Duseux told French radio, AFP reported.
"At the worst, if the situation remains very tense, we will do this for three months," Duseux said, adding that consumers had "contributed a little" to the problem because they were panic-buying.
France has strategic oil reserves worth several months of consumption on which it can draw in emergencies. They were last used when unions blocked refineries for several weeks in protest against pension reforms in 2010.
The blockades are the latest battle in the war over a labor reform that the government says is crucial to fight rampant unemployment–stuck at more than 10% of the workforce–and which aim to make hiring and firing easier.
So far, the industrial actions have affected oil depots and refineries as well as train and metro strikes. On Wednesday, three out of four high-speed TGV trains were running and only four of five regional RER trains serving Paris suburbs were operational.

Short URL : http://goo.gl/zcQA1h
  1. http://goo.gl/JlTWH5
  • http://goo.gl/F7QOiG
  • http://goo.gl/bcBUo3
  • http://goo.gl/4ZnT48
  • http://goo.gl/R5GPmH

You can also read ...

The OGCI initiative is now made up of BP, Chevron, CNPC, Eni, Equinor, ExxonMobil, Occidental, Pemex, Petrobras, Repsol, Saudi Aramco, Shell and Total.
ExxonMobil, Chevron and Occidental Petroleum are joining the...
New Delhi Will Pay for Iranian Oil in Rupees
India may revert to paying Iran in rupees for the oil it buys...
Zanganeh to Veto OPEC Decisions Against Iran
Oil Minister Bijan Namdar Zanganeh on Thursday said he would...
Iraq Crude Exports From South Nearing Record High
Crude oil exports from southern Iraq are close to a record...
US Wants Lower Oil Prices  for Protecting Arab States
US President Donald Trump on Thursday demanded OPEC lower...
MAPNA to  Build Petrochem,  Power Plant in Parsian SEZ
Iran's top engineering and energy enterprise MAPNA Group is...
US Oil Sanctions to Harm Int'l Economy
Imposing sanctions against oil producing states like Iran will...

Trending

Googleplus