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National Strategic Stocks Regulations 2023

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B 175
PETROLEUM INDUSTRY ACT, NO. 6, 2021
NATIONAL STRATEGIC STOCKS REGULATIONS 2023
ARRANGEMENT OF  REGULATIONS
Regulation :
1. Objectives
2. Application
3. Establishment of the national strategic stocks
4. Prohibition against release or dispensing without authorisation
5. Functions of national strategic stocks
6. Maintenance of a national demand reserve
7. National strategic stocks not subject to seizure
8. National strategic stocks levy
9. Duties of the Authority
10. Maintenance of operating and dead stock
11. Powers of the Authority
12. Budget and audit
13. Stock management programme
14. Authority to reimburse costs of maintaining the national strategic stocks
15. Authority to set criteria for facility to hold national strategic stocks
16. Authority to set criteria for product off-take from national strategic stocks
17. Drawdown and distribution mechanism
18. Monitoring of facilities designated for national strategic stocks
19. Authority to make guidelines
20. Offences
21. Interpretation
22. Citation