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UPDATE 1-Tunisia uses strategic petroleum stock to meet local demand
29/06/2022 20:09 - RSF
(Adds details)
TUNIS, June 29 (Reuters) - Tunisia is using its strategic safety stock of petroleum products to meet local demand, as the Ukrainian crisis weighs heavily on the country's cash flow, TAP state news agency quoted an official at the energy ministry as saying on Wednesday.
Tunisia's public finances, which officials say is facing its worst crisis, recorded additional losses of nearly $2 billion due to the effects of the war between Ukraine and Russia on grain and energy prices.
"This quite critical situation is a weekly battle especially since the scarcity of petroleum products, the current financial situation of Tunisia and the Ukrainian crisis weigh heavily on the cash flow of the state," said Rachid Ben Daly, the head of hydrocarbons at the energy ministry.
He added that the consumption of petroleum products is about 90,000 barrels per day while the production capacity of the Tunisian Company of refining industries (STIR) is 32,000 barrels per day.
58,000 barrels per day should be covered through imports, he said.
(Reporting By Tarek Amara Editing by Chris Reese and Aurora Ellis)
(([email protected]
)
29/06/2022 20:09 - RSF
(Adds details)
TUNIS, June 29 (Reuters) - Tunisia is using its strategic safety stock of petroleum products to meet local demand, as the Ukrainian crisis weighs heavily on the country's cash flow, TAP state news agency quoted an official at the energy ministry as saying on Wednesday.
Tunisia's public finances, which officials say is facing its worst crisis, recorded additional losses of nearly $2 billion due to the effects of the war between Ukraine and Russia on grain and energy prices.
"This quite critical situation is a weekly battle especially since the scarcity of petroleum products, the current financial situation of Tunisia and the Ukrainian crisis weigh heavily on the cash flow of the state," said Rachid Ben Daly, the head of hydrocarbons at the energy ministry.
He added that the consumption of petroleum products is about 90,000 barrels per day while the production capacity of the Tunisian Company of refining industries (STIR) is 32,000 barrels per day.
58,000 barrels per day should be covered through imports, he said.
(Reporting By Tarek Amara Editing by Chris Reese and Aurora Ellis)
(([email protected]