Czech Republic to top up emergency oil reserves

The Czech Republic will buy 100,000 tonnes of oil for its emergency reserves by mid-2014 the internet news site reported on Tuesday. The Administration of State Material Reserves will declare an open tender for deliveries worth around 1.6 billion crowns. Only reliable suppliers with at least a three-year history in the business and three or more similar orders implemented in the past will be considered. Price will be the main criterion.