Regulation on mandatory stocks of oil and petroleum products

This Regulation determines the parties responsible (i.e. importers with net imports of at least 25 tonnes of cruide oil and petroleum the previous year) for ensuring mandatory stocks of oil and oil derivatives, the method of ensuring mandatory stocks of oil and oil derivatives, and the supervision of the storage of mandatory stocks of oil and oil derivatives. Separately, the Law on Strategic Commodity Stocks provides for stockpiling by the government.

Want to know more about this policy ? Learn more