Austria releases oil stocks after refinery malfunction
A technical issue at oil giant OMV’s Schwechat refinery on Saturday forced the government to release strategic gasoline stocks while OMV considers what to do about its investments in Russia.
The government announced a release of 112,000 tonnes of petrol and 56,000 tonnes of diesel. The release will cover a period of about 14 days, while OMV had so far not been able to determine for how long the refinery’s “technical malfunction”, which has damaged the main distillation unit for crude oil, would last.