MANILA (AFX-ASIA) – The Energy Department said it is now requiring oil firms and bulk suppliers to maintain a minimum in-country inventory of oil and oil products equivalent to 15-30 days of local supply. Oil firms previously maintained a minimum 50- to 60-day inventory, which normally included imported oil and oil products which were still…
PHILIPPINES: Manila requires oil firms to keep 15-30 days minimum in-country inventory
Posted on January 29, 2003 by EnergyAsia