Not even on the second try. The state did not find a supplier of oil for material reserves

Not even on the second try. The state did not find a supplier of oil for material reserves
Not even on the second try. The state did not find a supplier of oil for material reserves

SSHR Chairman Pavel Švagr this morning on

reported on the result of the second procurement procedure for the purchase of oil. The government approved the purchase of oil for state warehouses in June. There was a threat that stocks would fall below the legal minimum, which is set for 90 days of normal consumption.

The first attempt to buy about 75,000 tons of oil was canceled by SSHR at the end of July. A few hours before the deadline for submission of tenders for the purchase of oil, the administration received a request from one of the potential participants in the tender to modify the tender conditions.

SSHR therefore issued the tender again. “For the second time, no one signed up for the order to buy oil for emergency stocks, said Švagr. According to him, the reason may be uncertainty on the markets regarding price and supply.

From the spring of 2017 to 2020, the Czech Republic did not comply with the European Union directive, which requires states that do not extract oil to have reserves for at least 90 days. In recent years, SSHR has repeatedly requested the government to approve the addition of oil or oil products to the state reserves, but has never succeeded. For example, in 2017, the administration proposed either the purchase of 80,000 tons of so-called sweet oil, or 50,000 cubic meters of diesel and 26,000 cubic meters of gasoline. The state began to meet the limit during the coronavirus pandemic, thanks to a slowdown in operations and the economy.


The article is in Czech

Tags: state find supplier oil material reserves

PREV Markets fear inflation more than war. News from Russia raises the price of gold
NEXT Voter turnout lags behind. So far, fewer people have come to choose a representative than in 2018