Greece’s two refinery groups on Monday appeared reassuring over the sufficiency
Greece’s two refinery groups on Monday appeared reassuring over the sufficiency of fuel supplies in the domestic market, amid the military conflict that dramatically flared up over the weekend with the US and Israeli strikes against Iran and the latter’s missile retaliation across the wider region.
Sources from HELLENiQ Energy and Motor Oil, in comments to ΟΤ, merely noted that they are closely monitoring developments in the oil market. The same sources said the war in the Middle East and Iran is not causing any immediate impact on the two refineries.
Fuel reserves
As sources at HELLENiQ clarified, “the events in the Middle East are not expected to have an immediate impact on the refinery’s supply…We have sufficient oil reserves. In fact, they exceed the mandatory 90-day requirement.”
Sources at Motor Oil echoed the same statement: “The reserves we maintain exceed 90 days. The refineries face no supply issues.”
Alternative crude oil supply sources
According to refinery sources, alternative crude oil sources have been secured to support fuel production for the Greek and export market.
Alternate sources emanate from Turkey – a transit country – and producers Libya, and Egypt, the sources emphasized.
According to reports,
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