Directive 1968/414 - Obligation on Member States of the EEC to maintain minimum stocks of crude oil and/or petroleum products - Main contents

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Council Directive 68/414/EEC of 20 December 1968 imposing an obligation on Member States of the EEC to maintain minimum stocks of crude oil and/or petroleum products

Official Journal L 308 , 23/12/1968 P. 0014 - 0016

Finnish special edition: Chapter 12 Volume 1 P. 0028

Danish special edition: Series I Chapter 1968(II) P. 0575

Swedish special edition: Chapter 12 Volume 1 P. 0028

English special edition: Series I Chapter 1968(II) P. 0586

Greek special edition: Chapter 12 Volume 1 P. 0039

Spanish special edition: Chapter 12 Volume 1 P. 0125

Portuguese special edition Chapter 12 Volume 1 P. 0125

COUNCIL DIRECTIVE of 20 December 1968 imposing an obligation on Member States of the EEC to maintain minimum stocks of crude oil and/or petroleum products (68/414/EEC)

THE COUNCIL OF THE EUROPEAN COMMUNITIES,

Having regard to the Treaty establishing the European Economic Community, and in particular Article 103 thereof;

Having regard to the proposal from the Commission;

Having regard to the Opinion of the European Parliament 1;

Whereas imported crude oil and petroleum products are of increasing importance in providing the Community with supplies of energy ; whereas any difficulty, even temporary, having the effect of reducing supplies of such products imported from third States could cause serious disturbances in the economic activity of the Community ; whereas the Community must therefore be in a position to offset or at least to diminish any harmful effects in such a case;

Whereas a crisis in obtaining supplies could occur unexpectedly and whereas it is therefore essential to establish forthwith the necessary means to make good a possible shortage;

Whereas, to this end, it is necessary to increase the security of supply for crude oil and petroleum products in Member States by establishing and maintaining minimum stocks of the most important petroleum products;

Whereas national production contributes in itself to the security of supply ; whereas the conditions of Community production and the greater security of supply inherent in such production justify making it possible for Member States to place the burden of maintaining stocks on imports;

HAS ADOPTED THIS DIRECTIVE:

Article 1

Member States shall adopt such laws, regulations or administrative provisions as may be appropriate in order to maintain at all times, subject to the provisions of Articles 2 and 7, their stocks of petroleum products at a level corresponding, for each of the categories of petroleum products listed in Article 3, to at least 65 days' average daily internal consumption in the preceding calendar year.

That part of internal consumption met by derivatives of petroleum produced indigenously by the Member State concerned may be deducted up to a maximum of 15 % of the said consumption.

Bunker supplies for sea-going vessels shall not be included in the calculation of internal consumption.

Article 2

Without prejudice to Article 1, Member States may exempt undertakings from the obligation to maintain stops in respect of an amount not exceeding the quantity of products which those undertakings manufacture from indigenously produced crude oil.

Article 3

The following categories of product shall be taken into account in calculating internal consumption: - motor spirit and aviation fuel (aviation spirit and jet-fuel of the gasoline type);

• - 

  gas oil, diesel oil, kerosine and jet-fuel of the kerosine type;

• - 

  fuel oils.

Article 4

Member States shall submit to the Commission a statistical summary showing stocks existing at the end of each quarter, drawn up in accordance with Articles 5 and 6 and specifying the number of days of average consumption in the preceding calendar year which those stocks represent. This summary must be submitted within ninety days of the end of the quarter.

Article 5

In the statistical summary of stocks provided for in Article 4, finished...

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