Academic panel of the Administration of State Material Reserves

On 26 November 2019 a meeting of the academic panel - an advisory body to the chairman of the Administration of State Material Reserves of the Czech Republic – took place in the building of the Administration of State Material Reserves of the Slovak Republic. Within the frame of cooperation and good relations between the Czech and Slovak Administrations of State Material Reserves the chairman of the Slovak ASMR is one of the academic panel’s members and on basis of his invitation this meeting took place in Bratislava.

Main topic of this meeting was security of crude oil and petroleum products supplies following the May 2019 emergency situation regarding disruption of Russian crude oil supplies through the Druzhba pipeline especially to the V4 countries. For this reason also representatives of the Emergency Oil Stocks Agency were invited to this meeting to present to the panel’s experts information about global oil market, its functioning, risks to the global oil security and about need to secure emergency preparedness in the area of oil security.