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IEA: EU copes with Russian oil export delays

01/15/2007
The International Energy Agency Jan. 9 said European oil markets would cope with the halt of Russian oil exports via the Druzhba (Friendship) pipeline across Belarus, but it nonetheless called for a quick and clear resolution to the problem (OGJ Online, Jan. 8, 2007).“There is apparently no immediate impact to any of the refineries in the countries involved, as they all have working stocks of several days. So there is no threat that product supplies to the end users will be disrupted,” IEA said.It said if the disruption should prove more prolonged, the refineries could source crude from alternative routes. Some already are organizing alternative supplies through Baltic Sea por...
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