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The Slovak government announces a state of emergency in the national oil sector
On February 18th local time, the Slovak government announced a state of emergency in the country’s oil sector starting February 19th due to Ukraine halting transit of Russian oil. The Slovak government approved borrowing up to 250,000 tons of oil from the national emergency reserves for Slovak refineries, enough for about a month’s supply, to ensure stable market supply. (CCTV News)