Slovak government agrees to store crude oil in Czech Republic

The Slovak government has decided to sign a bilateral agreement with the Czech Republic that allows Bratislava to store emergency supplies of crude oil and petroleum products on Czech territory. EU countries have until 2008 to find a way to store enough crude oil to guarantee an emergency supply for 90 days. With insufficient storage space, Slovakia has agreed to pay the Czech Republic to store its crude oil.

Author: Dita Asiedu