| Project Detail |
Establishment of the infrastructure for the strategic oil reserves. Objectives The maintenance of strategic oil inventories reduces the risks to the economy of temporary disruptions of oil supplies. The stocks held contribute also to the stability of the oil market under emergency conditions, and are managed to the benefit of the European Union as a whole. The project will help to reach the countrys obligation to maintain a minimum stock of crude oil/petroleum products of 250,000 m3. These reserves are compulsory (EC Directive 2009/119/EC and requirements of the Energy Community) for all EU members, signatories to the Energy Community and Pre-Accession countries to maintain security of supply in the event of disruptions in the availability of crude oil or petroleum products (diesel/gasoline/heating oil etc.). |
