The eastern European country has until December 31 to build its minimum required stocks of oil products for 2011 and to cover the reserve quota for 2009, when it failed to meet the EU requirements.
By December 31, Romania must set up minimum stocks of petroleum products of 1.2 million tons, of which 775,710 tons of diesel, 282,353 tons of gasoline, 86,670 tons of crude oil and 55,823 tons of jet fuel.
The country’s regulatory authority in the field, ANRSPS, will provide 30% of the required stocks, while oil companies will cover the remaining 70%.