Fuel sufficiency for two months

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There is marketplace interest implicit whether Greece will beryllium capable to support capable substance supplies if the situation successful the Persian Gulf continues. That is due to the fact that the disruption it has already caused to the planetary supply concatenation is putting unit connected the so-called “safety cushions,” such arsenic precocious inventories and excess accumulation of section refineries.

“We are afloat secured for two months. If navigation successful the Strait of Hormuz is not restored, the situation will go much hard later,” a high-ranking enforcement successful the refining assemblage told Kathimerini.

Greece has 4 refineries, successful Aspropyrgos, Elefsina, Thessaloniki from Helleniq Energy and Agioi Theodoroi from Motor Oil, with a total output of basal lipid products (gasoline, diesel, heating, aviation and marine fuels) that exceeds home demand. More than 50% of accumulation is exported, while information reserves transcend the mandatory amounts for covering request for 90 days.

Greek refineries person had to regenerate supplies from the Gulf with cargos from alternate sources that guarantee accumulation astatine afloat capableness until aboriginal June.

Nevertheless, a prolonged situation successful the Middle East is expected to worsen the already constricted supply of lipid internationally, making it much hard and costly for the country’s refineries to procure crude.