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Section 5 Oil Stockholding Act 2012 requires oil importers to hold compulsory emergency reserves (CERs) equal to 25% of their net imports in the preceding calendar year during each stockholding year commencing on April 1.

First-time importers are subject to section 12 Oil Stockholding Act 2012. The starting date and duration of the importing activity, and the quantity of the imports can have a significant influence on stockholding costs.

For further information please contact Elisabeth Niegelhell at E-Mail or on +43 3136 82300-111.

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