Lifecycle
- Effective
- Last change
Country / jurisdiction: Republic of Turkiye · Year: 2003 · Status: In force · Level: National · Type: Voluntary
The National Oil Stock Commission, established under the Article 16, makes decisions on matters including:
determination and increase of the principal number of days for national petroleum stocks: in an amount equivalent to at least ninety days of net imports, based on the daily average consumption of the previous year
management of obligations that may be imposed,
the procurement period, type, quantity, and storage location of national petroleum stocks;
procurement of petroleum and services related to other decisions and measures regarding stocks and stockholding;
sales from national petroleum stocks during extraordinary circumstances;
and preparation of proposals to be submitted to the President.
Official source: https://mevzuat.gov.tr/MevzuatMetin/1.5.5015.pdf
Source
https://www.iea.org/policies/25428Canonical document at the regulator. Always cite this URL — not the Vantage detail page — in compliance evidence.