Law No. 4123 on the maintenance of minimum stocks of crude oil and/or petroleum products and other provisions related thereto (Harmonization of the national legislative framework with Council Directive No. 2009/119/EC).
Country
Type of law
Legislation
Abstract
This Law implements the provisions made under Council Directive No. 2009/119/EC regarding the imposition of an obligation on Member States to maintain minimum stocks of crude oil and/or petroleum products. The rules laid down in the Law aim at ensuring a high level of security of oil supply in the national territory through reliable and transparent mechanisms based on solidarity amongst EU Member States, maintaining minimum stocks of crude oil and/or petroleum products and putting in place the necessary procedural means to deal with a serious shortage. Article 13 of the law lays down specific rules for taking biofuels and additives into account when calculating stockholding obligations and stock levels.
Attached files
Web site
Date of text
Entry into force notes
The Law shall enter into force on the date of its publication in the Official Gazette unless otherwise indicated in individual sections.
Repealed
No
Serial Imprint
Efimeris tis Kyverniseos No. 43, Part I, 19 February 2013, pp. 655-669.
Source language
English
Legislation Amendment
No
Original title
Νόμος υπ’ αριθ. 4123. Διατήρηση ενός ελάχιστου επιπέδου αποθεμάτων αργού πετρελαίου ή/και προϊόντων πετρελαίου και άλλες διατάξεις (Εναρμόνιση του εθνικού δικαίου προς την Οδηγία 2009/119/ΕΚ).