Mediafax (Mediafax)
Commodities  |  November 20, 2012 18:45:06

Czech reduce its dependence on Russian oil, had gained access to the TAL pipeline

PRAGUE (MEDIAFAX) - Czech Republic on Tuesday gained access to the TAL pipeline (The Transalpine Pipeline), a company Mero had acquired a five percent stake in society which it operates, reported on Tuesday the company behind Radomir Doležalová.

"The acquisition of the shares Mero fulfilled one of the key strategic goals for energy security of the Czech Republic. TAL pipeline is crucial for the Czech Republic in the field of alternative oil supplies," added Doležalová.

Both parties appreciated the high professional level of mutual negotiations and declare their readiness for closer cooperation in the future.

MERO CR becomes one of the owners of the TAL pipeline, a joint venture of major European carriers and oil refineries.Other owners are OMV, Shell, Exxon Mobile, Ruhr Öl, ENI, BP, Conoco Philips, Petroplus and Total. From the Italian port of Trieste oil is transported by pipeline across the Alps to processing plants in Austria and Germany, where in the Bavarian town Vohburg connects the pipeline. This leads to the central oil tank at Nelahozeves.

"Energy Security of the Czech Republic, we try to ensure all areas. One of them is secure supply of oil and its storage. Highly appreciated in this context the fact that through the newly acquired ownership of the TAL pipeline Czech Republic has strengthened supply options need not only traditional oil pipeline Druzhba, but in sufficient volume also IKL pipeline, connected to the trans-European pipeline TAL.The costs incurred are greatly outnumbered the positive effects of this transaction, "said Minister of Industry and Trade Martin Kuba (ODS).

Zuzana Fojčíková,

Více zpráv k tématu Czech Credit Bureau

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