Ireland to Move Oil Reserves from UK over Brexit

Monday, July 16, 2018

The Irish government is planning to move 200,000 tonnes of its oil reserves from Britain as part of its Brexit preparations and will sign off on the move this week, Ireland's Sunday Independent newspaper reported.

Ministers will sign off on the decision to move the oil, which includes refined products, at a Cabinet meeting on Wednesday, the newspaper quoted an unnamed senior government source as saying.

Around 500,000 tonnes of Ireland's 1.5 million tonnes of oil reserves are currently held overseas, the report said.

A government spokesman did not immediately respond to a request for comment.


(Reporting by Conor Humphries; Editing by Toby Chopra)

Categories: Government Update Energy Tankers

Related Stories

Oil Markets Brace for Years of High Prices as Iran War Drags On

Riyadh Attacks Disrupt Oil Majors' Summit Plans

Yinson Production Raises $1.46B to Refinance Agogo FPSO

Oil Industry Braces for Years of Market Disruption

Eni Taps Yinson Production for Major Ghana FPSO Gas Upgrade

LNG Flows Through Hormuz Hit Seven-Month High

Höegh Evi, PETROS to Develop Kuching LNG Terminal in Malaysia

Solstad Maritime Secures APAC Drilling Support Work for AHTS Pair

Kazakhstan Resumes Action to Collect $5.2B Kashagan Field Fine

TenneT Completes Drilling, Installation of Protective Conduits for Wind Farms

Current News

Inpex-Led Bonaparte CCS Project Gets Australian Offshore Storage Approval

Seascape Energy Expands Temaris Gas Acreage Offshore Malaysia

Oil Markets Brace for Years of High Prices as Iran War Drags On

Seadrill Secures Offshore Drilling Deals Across Four Countries

Jack-Up Rig Arrives in Indonesia for Conrad Asia Energy's MOPU Conversion

Murphy Oil Finds More Oil Offshore Vietnam, Côte d'Ivoire

Oil Caught Between Trump's Russia Supply Push and Middle East Risks

Eni Agrees Indonesian Gas Asset Sales to Pertamina and Medco

Riyadh Attacks Disrupt Oil Majors' Summit Plans

Iran Weighs US Response as Hormuz Reopening Talks Stall

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com