Petroleum Products Stocks Conservation Law

This law establishes rules aimed at ensuring a high level of security of oil supply through reliable and transparent mechanisms, the maintenance of minimum stocks of crude oil and petroleum products and the creation of the necessary procedural means to address a serious shortage. It was last amended in 2020. KODAP is designated as the Central Stockpile Maintenance Agency and is responsible for maintaining emergency stocks, and is composed of entities that import oil products in Cyprus for commercial purposes.

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