OIL STOCKS
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Romania Sets Level Of Emergency Stocks Of Crude Oil And/Or Oil Products At 1.2 Mln Tons In 2016
The level of emergency stocks of crude oil and/or of oil products that must be set up for 2016 and maintained under Law no. 360/2013 was set at 1,238,183 tons of oil equivalent (toe), according to a decision approved by the Romanian Government on Wednesday.
EU Asks Romania To Apply Directive On Oil Stocks
The European Commission requested Romania Thursday to take measures to ensure full compliance with its obligations under European legislation regarding oil stocks.
Romania’s Required Oil Stocks Financed Solely By Companies In 2012
Romania’s mandatory minimum stocks of oil products will be financed in 2012 entirely from the budgets of oil companies, according to a draft government decision.
Romania Sets Up Emergency Oil Stocks To Avoid EU Penalties
Romanian government Wednesday approved an ordinance to set up the mandatory stocks of crude oil and petroleum products required in order to avoid infringement proceedings from the European C...