The U.K.’s supply of oil and refined fuels will not be put at risk if the country crashes out of the European Union without a deal, the government said.
“The U.K. can draw on both substantial domestic production and oil imports from diverse international sources, including Europe, meaning that supply is secure,” the government wrote in a report published on Tuesday.
The U.K. is stepping up preparations for a no-deal Brexit at the end of this month as the chances of reaching an agreement with the EU look increasingly unlikely.
Union Jack Oil plc (LON:UJO) is an onshore oil and gas exploration company with a focus on drilling, development and investment opportunities in the United Kingdom hydrocarbon sector.
