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Security Stocks
The objectives:
- Increase the security of supply for crude oil and petroleum
products by establishing and maintaining minimum stocks;
- Promote solidarity between the Member States in the event
of an energy crisis by putting in place predefined measures and mechanisms
which will guarantee coordinated action;
- Manage security of supplies by providing for suitable
mechanisms to deal with physical disruption of energy supplies;
- Promote market stability, in consultation with producer
countries, by planning possible responses to situations where the markets
anticipate a physical disruption of supplies in order to restore the proper
functioning of the market.
The Commission takes
responsibility for ensuring publication on a regular and transparent basis the
state of Community oil stocks.
Key documents:
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