Oil Stockpiling Act

The purpose of this Act is to ensure a stable supply of oil by taking measures to stockpile and distribute oil and petroleum products in the situation of a shortage in Japan. The primary role of the Japan Oil, Gas and Metals National Corporation (JOGMEC) is to manage 90 days (based on the net imports) of public stocks. Specified oil importers and distributors are required to hold a minimum level of stocks compliant with the Ordinance of the Ministry of Economy, Trade and Industry. The Act was last amended in 2012.

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