CY signs agreement on oil reserves
CY signs agreement on oil reserves
Energy / Cyprus Economy
21/6/2007 16:24
The Council of Ministers approved on Thursday the draft of an interstate agreement between Cyprus and the Netherlands on the Holding of Oil Reserves.

As the CNA reports, the Council of Ministers authorized the Commerce Minister to sign the agreement on behalf of Cyprus. The Republic has an obligation to maintain certain amounts of crude oil and/or oil products in stock.
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