EU Commission wants member states to hold 40 days of oil stocks

Sep 11, 2002 02:00 AM

The European Commission proposed that all EU member states create a body that would hold oil stocks to a last of a minimum of 40 days.
The commission said the proposal, approved at its weekly meeting, would help the single European market work better and would guarantee oil supplies in time of crisis.

It said that currently there are no measures providing for EU solidarity during crises. The commission also proposed that member states draft a common policy aimed at improving the supply of gas.

Source: Ananova
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