Agreement between the Hellenic Republic and the Republic of Cyprus on the maintenance of minimum stocks of crude oil and/or petroleum products in Hellenic territory

Νόμος υπ’αριθ. 3264. Κύρωση της Συμφωνίας μεταξύ της Κυβέρνησης της Ελληνικής Δημοκρατίας και της Κυβέρνησης της Κυπριακής Δημοκρατίας για τη διατήρηση αποθεμάτων αργού πετρελαίου και προϊόντων πετρελαίου που αποθηκεύονται στην Ελληνική Δημοκρατία

The present Agreement relates to crude oil and to all petroleum products covered by European Union Directive 68/414/EEC. For the purposes of implementing the Directive, crude oil and/or petroleum products stocks may be established within the territory of the Hellenic Republic for the account of undertakings established in Cyprus. The text of the Agreement specifies the procedures for checking and identifying the stocks provided for. (The government of the Hellenic Republic shall not oppose the transfer of stocks to Cypriot territory if the need arise; it shall as far as possible keep a check on such stocks but shall not include them in its statistical summary; etc.)