Royal Decree regulating the Obligation to Maintain Minimum Security Stocks, the Diversification of the Natural Gas Supply and Strategic Reserves of Petroleum Products Corporation

This decree aims at setting strategic reserves of oil and petroleum products, along with the diversification of natural gas supply. It was last amended in 2022. Article 7 states that any operator authorised to wholesale wholesale petroleum products and any company that carries out a retail distribution activity of products not purchased from the aforementioned operators must maintain minimum safety stocks of petroleum products at all times. Article 4 states that the Corporation of Strategic Reserves of Petroleum Products is also empowered by the Government to maintain minimum stocks.

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