1971 Fuels (Control of Supplies) Act

The 1971 Fuels (Control of Supplies) Act, as amended by the 1982 Fuels (Control of Supplies) Act, provides the legal framework to Ireland’s response to oil emergencies, where it is necessary for the Government to control the supply of fuel to the market. National Oil Reserves Agency is responsible for maintaining these stocks, which can be hold by the Agency itself or hold through holding contracts.

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