MOL to provide state reserves with oil worth 230 million crowns

Hungarian refinery giant MOL, which runs several hundred petrol stations in the Czech Republic, will provide oil to the Czech Administration of State Material Reserves to the tune of 230 million crowns. The company will provide altogether 20 million litres of winter diesel fuel, the administration’s spokeswoman Edita Pechalová told the Czech News Agency on Sunday. The Czech Republic currently doesn’t fulfil the European Directive on oil and crude oil reserves, which requires EU countries with no oil of their own to maintain emergency stocks of crude oil or petroleum products equal to at least 90 days of net imports.