Don't miss

Replay


LATEST SHOWS

EYE ON AFRICA

Benin feels the pinch of Nigeria's economic woes

Read more

BUSINESS DAILY

Deutsche Bank shares recover after turbulent week

Read more

MEDIAWATCH

Inside Aleppo: 'Feels like prison'

Read more

THE WORLD THIS WEEK

The Legacy of Shimon Peres, The Battle of Aleppo (Part 1)

Read more

THE WORLD THIS WEEK

Trump-Clinton Debate, Colombia Peace Deal, Death of the BlackBerry (Part 2)

Read more

FRANCE IN FOCUS

Backstage at Paris Fashion Week

Read more

FASHION

Paris Fashion Week: Saint Laurent, Lanvin, present new designers

Read more

#THE 51%

Online and proud: Iranian women use social media in a campaign for equality

Read more

#TECH 24

Say hello to Pepper!

Read more

France

Petrol firms ask for emergency supplies to avert shortages

Text by News Wires

Latest update : 2010-10-15

French petroleum distributors asked the government on Thursday to release emergency fuel stocks as continuing strikes over pension reform plans shut down 70 percent of the country's oil refining capacity.

AFP - France's petroleum distributors on Thursday urged the government to release emergency stocks from the strategic reserve to avert shortages due to a strike blocking most of the country's oil refineries.
  
It also called for measures to dislodge the protestors who are blocking fuel depots as part of ongoing action against President Nicolas Sarkozy's bid to raise the retirement age from 60 to 62.
  
"On average, we each have around 10 days of supplies in our depots," said Jean-Louis Schilansky, head of the suppliers' federation. "We ask permission to dip into the reserve stocks available to distributors, to support customers beyond these 10 days."
  
France has 17 million tonnes of refined fuel products and crude oil in its strategic reserve, the equivalent of 98.5 days of normal consumption.
  
Most of this stock is held in storage by a national committee, but around five million tonnes is already with private distributors, monitored and not normally allowed to be put on the market.
  
France is in the grip of a series of strikes by workers protesting plans to raise the minimum pension age, and 11 of its 12 mainland refineries are either shut or severely disrupted.
  
Schilansky also asked for the state to "unblock the depots which protestors are preventing from working."
  
The government has tried to play down fears of fuel shortages, insisting that France has enough fuel on hand to see out the action, but panic buying has broken out in some areas, putting a strain on supplies.

Date created : 2010-10-14

  • FRANCE

    Unions call for new protests Oct. 19 as strikes continue for third day

    Read more

  • FRANCE

    Strikes shut down 70 percent of oil refining capacity

    Read more

COMMENT(S)