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Austria launched elements of its strategic oil reserve on Saturday – citing refinery incident | Forexlive


Austria is opening up a part of its reserves of gas. Releasing
112,000 tons of diesel & 56,000 tons of gasoline to cowl lack of manufacturing at a key refinery. The plant was hit by whats described as a ‘mechanical incident’ on Friday.

Information comes by way of Reuters, including:

  • launch must be sufficient to cowl the lack of manufacturing on the refinery for 14 days, the federal government stated.
  • Austrian Chancellor Karl Nehammer:

    “Regardless of this incident, the safety of gas provide is assured, so nobody want fear. There are nonetheless sufficient reserves accessible if the necessity arises.”

oil refinery

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