The National Oil Reserves Agency currently holds about 85 days’ worth of oil stocks with about 85 per cent stored on the island of Ireland. Photograph: Sean Gallup/Getty ImagesThe chances of contingency plans for a major fuel crisis caused by the Ukraine war being activated has been played down by the Government.
The Ukraine war has sent energy prices soaring and many western countries are seeking to end their imports of Russian oil in response to Vladimir Putin’s invasion. A spokesman said: “Overall, Ireland is reasonably well insulated from direct supply shocks, as few imports of crude oil and a comparatively small proportion of Ireland’s refined product originate in Russia.”
“In the context of contingency planning, work continues on operational planning for all scenarios,” he said. The National Oil Reserves Agency currently holds about 85 days’ worth of oil stocks with about 85 per cent stored on the island of Ireland.
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