Decree No. 541 of the Cabinet of Ministers validating the Regulation on stocking and storage of oil and oil derivates. Country/Territory Latvia Document type Regulation Date 2006 Source FAO, FAOLEX Subject Energy, Mineral resources Keyword Oil Transport/storage Authorization/permit Contract/agreement Geographical area Europe, European Union Countries, Northern Europe Abstract This Decree establishes the modalities of stocking and storage of reserves of oil and oil derivate and sets forth classification thereof. The aforesaid activities shall be regulated by special authorization (licence). The relations between licence holders shall be regulated by contractual arrangements. Storage reservoirs for oil and oil derivates must comply with the established standards and must be equipped with measurement devices. Full text Russian Website latvia.news-city.info