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GOVERNMENT TO PASS DECREE ON PETROLEUM STOCKS THURSDAY

ZAGREB, Feb 19 (Hina) - At Thursday's session the Croatian government should pass a decree on mandatory stocks of petroleum and its products under which inventories should be kept by all importers who last year imported at least 25 tonnes net of said materials.
ZAGREB, Feb 19 (Hina) - At Thursday's session the Croatian government should pass a decree on mandatory stocks of petroleum and its products under which inventories should be kept by all importers who last year imported at least 25 tonnes net of said materials. #L# All importers would be obliged to secure stocks amounting to 25 percent of the net import of petroleum and its products from 2002, but gradually, so that they would have to ensure full stocks in early 2006. The issue of petroleum stocks has been spurred by the Iraqi crisis. Discussing the crisis last week, Economy Minister Ljubo Jurcic said Croatia's petroleum reserves would last three months. Croatia spends between 200,000 and 270,000 tonnes of petroleum per month, while oil company INA's stocks are 600,000 tonnes, he said. (hina) ha sb

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