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This Act amends the Petroleum Act (Cap. 135) by: (a) inserting new definitions; (b) requiring petroleum to be stored in accordance with this provisions of this Act or any Regulation made thereunder; (c) prescribing new penalties for specified offences; and (d) defining duties of the Secretary of Marine and Ports. One of the definitions inserted is "IMDG Code", which means the International Maritime Dangerous Goods Code as defined in the Shipping Act.