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phantom power Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Oct-13-10 11:04 AM
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France taps into emergency stock
France has tapped emergency oil reserves, the International Energy Agency (IEA) said today, as the country copes with a near halt in oil refining due to strikes at refineries and its top oil port.

But the agency said France has maintained its minimum emergency stock levels by using what it called "a geographical exchange" of reserves in the needed area for commercial stocks elsewhere in France by designating them as emergency stocks, reported Reuters.

http://www.upstreamonline.com/live/article232531.ece
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