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Arrangement between the Government of New Zealand and the Government of United Kingdom Covering Petroleum Stocks Contracts
NRA Code:
NRA 2006/24
Responsible Department:
Business Innovation and Employment
Subject and Purpose:
This Arrangement will enable New Zealand to fulfil its obligations under Article 2 of IEP, and enable entities of United Kingdom to provide petroleum stocks to the New Zealand Government. The Arrangement will enable petroleum stocks held in United Kingdom under petroleum stocks contracts to be counted towards New Zealand's obligation under Article 2 of the IEP to maintain emergency reserves sufficient to sustain consumption for at least 90 days with no net oil imports.
NZ Participants:
Government
Other Participants:
United Kingdom
- Government
Signature Date:
31/08/2006
Entry Into Effect Date:
11/09/2006
Status:
In Effect
Documents:
Contact:
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