Oil: does France have “many months” of stock to deal with possible shortages?


THE CHEKING PROCESS – “We have reserves, stocks of oil”, assured the Minister of Ecological Transition. Is right ?

THE QUESTION. In the event of a cut in Russian oil deliveries, is France ready? Asked about this subject last Thursday, the Minister for the Ecological Transition wanted to be reassuring. “Today, we have no supply problems in France“, declared Barbara Pompili, at the microphone of France Info. The government is looking forother suppliersto replace the millions of Russian barrels, but it may also be able to count, in an emergency, on the large quantities of black gold set aside.

We have reserves, oil stocks, so I say to our fellow citizens: no need to rush to the gas stations, there is what it takes“said Barbara Pompili. If the European Union carries out its project of embargo on Russian oil and petroleum products, announced by the boss of the Commission in front of MEPs, “we are quiet for many months“, assured the minister. “There may be, on the diesel, some small questions […]but today you can rest easy, you have gas“, she concluded.

So what about it? Can France really rely on important “reservationsto deal with a crisis in the supply of petroleum and petroleum products? Would they last for several months?

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