Arrangement between the Government of New Zealand and the Government of Australia Covering Petroleum Stocks Contracts

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NRA Code:

NRA 2006/26

Responsible Department:

Business Innovation and Employment

Subject and Purpose:

The objective of this Arrangement is to enable New Zealand to fulfil its obligations under Article 2 of the IEP. In order to achieve this objective, this Arrangement will enable petroleum stocks held in Australia 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:

Australia
- Government

Signature Date:

17/10/2006

Entry Into Effect Date:

30/10/2006

Status:

In Effect

Documents:

Contact:

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