As oil plays an important role in the economy, it is vital to keep emergency stocks to be used in the event of supply disruptions. A mid-term evaluation to assess how Directive 2009/119 has been implemented in Member States and how it is functioning in practice is ongoing. A public consultation designed to collect the views of stakeholders and the general public is an important step of the evaluation process.
Respondents from all categories of stakeholders support the Directive. They praise the relevance of the text to guaranteeing the security of oil supply by ensuring emergency oil stocks are held in all Member States under an efficient system that is partly aligned with International Energy Agency rules in order to minimise costs and administrative burden. The Directive is deemed to be coherent with EU policies, and especially with the 'Energy security, solidarity and trust' pillar of the Energy Union. Respondents have raised a number of technical issues. These are mainly related to the methodologies set out in the annexes to the Directive, as well as the remaining obstacles to holding emergency stocks in other Member States, among other issues.