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Lukashenko orders to create strategic petroleum reserve

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MINSK, 7 April (BelTA) – Belarus President Aleksandr Lukashenko has ordered to create substantial crude oil and fuel stockpiles that can be used in the event of an emergency, Belarus President Aleksandr Lukashenko said on 7 April  at a session to discuss oil supplies to Belarus, BelTA has learned.

“We should create a substantial emergency reserve of raw materials (both oil and fuel) that will help sustain uninterrupted operation of the economy and maintain technological processes,” the head of state said.

The president asked the government and local authorities whether they have the necessary capacities to store oil and petroleum products and how the storage capacity can be increased.

Aleksandr Lukashenko warned against evading petroleum storage commitments. “The transcript is being made. God forbid someone will say that they can take half a million tonnes of petroleum products for storage and will not do it. Then blame it on yourselves,” he said.

“We are not concealing it. Today oil is cheap, we should buy it, produce petroleum products and create certain reserves. By the end of the meeting we should have an understanding of what kind of reserves this will be,” the Belarusian leader said.

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