Energy Warn Save Fuel Oil Handle Higher Price Risk.
21-6-2019–Today Ministry of Energy refer to the stressful situation in the Middle East, warn fuel oil user to help save fuel oil consumption to handle in the case that situation escalated make the world oil prices and domestic prices increased.
After the case of US spy drone was attacked at Strait of Hormuz of Iran in the past Thursday which was the latest confrontation that has made global crude oil price increased by 5%, today Ministry of Energy has summarized the readiness to support the situation by an amount of domestic oil reserves sufficient for 49 days, according to the data in detail Department of Energy Business.
The volume of the overall remain and reserve fuel oil as of 21 June 2019 is 5,956 million liters, which is sufficient for 49 days usage. The detail of the remain and reserve fuel oil are comprised of ;
– Reserve crude oil remain volume is 3,222 million liters, the average domestic demand/day for the reserve crude oil is 122.95 million liters/ day. The overall reserve crude oil is sufficient for 26 days.
– In transit crude oil remain volume is 1,087 million liters, the average domestic demand/day for in transit crude oil is 122.95 million liters/ day. The over all in transit crude oil volume is sufficient for 9 days.
– Benzine/Diesel/ Jet instant oil remain volume is 1,647 million liters, the average demand/day for the instant fuel oil is 118.95 million liters/ day. The over all instant fuel oil is sufficient for 14 days.
SIMtec has also signed MOU with 14 agencies in total for cooperation, namely;
Which is sufficient reserves to prevent short-term shortages in the event of a crisis At the same time, ask the fuel user to help save money to support the event. If the situation escalates, the world oil prices and domestic prices will increase as well.
