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Definition: Stock levels / Closing / (b) Stocks held for other...
Category: Energy
Stocks held for other countries under official agreement (Category b): Include stocks at the end of the period in one country's national territory which belongs to another country and to which the access is guaranteed by an agreement between the respective governments or, in case of EU Member States, by arrangements in line with Directive 2009/119/EC. Bilateral agreements are not necessary for an EU Member State holding stocks in its national territory which belong to another EU Member State; the modalities for an EU Member State holding stocks on behalf of another Member State are stipulated in articles 7 and 8 of the Directive 2009/119/EC. http://eur-lex.europa.eu/legal-content/EN/TXT/?qid=1415114499552&uri=CELEX:32009L0119
Source:
Council Directive 2009/119/EC of 14 September 2009 imposing an obligation on Member States to maintain minimum stocks of crude oil and/or petroleum products
Council Directive 2009/119/EC of 14 September 2009 imposing an obligation on Member States to maintain minimum stocks of crude oil and/or petroleum products
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