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April 15, 2021
BUSINESS

Minimum fuel stocks set up exclusively by oil companies

Annual minimum fuel stocks will be set up exclusively by oil companies in 2012, the state no longer financing this operation, a government decision drafted by the Economy Ministry shows. Romania, like all EU-member states, took the commitment to set up minimum oil stocks in a gradual process over a period of ten years, starting in 2002. Thus, 2012 is the last year in which Romania has to set up the stocks. The quantities that have to be stored annually are set on the basis of oil consumption registered the year before.

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