Oil

State of compliance
 

  • Stockholding obligation

    Stockholding obligation

    In Kosovo*, the main law governing the oil sector is the Oil Market Law of 2005, as amended in 2009. The Ministry of Trade and Industry (responsible for oil and petroleum products) drafted a new Law on Compulsory Oil Stockholding in March 2014, with the assistance of the Secretariat. The Law was expected to be adopted in the fourth quarter of 2016 or first quarter of 2017. Despite the Secretariat’s support and efforts, its approval by the Government and thus subsequent adoption by Parliament is still pending. This delay is justified by the Ministry of Trade and Industry due to the Law’s high financial impact and current lack of budget. Ministry of Trade and Industry and Ministry of Finance are analysing options on how to find the needed financial resources. According to the Government’s legislative programme for the year 2018, the Law is expected to be adopted by Q4 2018.

  • Specific stocks

    Specific stocks

    Kosovo* has no specific stocks and they are not foreseen even in the new draft Law revised in 2018.  

  • Availability and accessibility

    Availability and accessibility

    In Kosovo*, the new draft Law on Compulsory Oil Stockholding foresees that compulsory oil stocks must be available and physically accessible at all times. All necessary measures to prevent all obstacles and encumbrances that could hamper the availability of compulsory oil stocks must be undertaken. In addition, the new draft Law states that compulsory oil stocks shall not be subject to any retention of pledge, mortgage, enforcement or seizure.

  • Reporting

    Reporting

    In Kosovo*, no oil data collection is currently taking place and the Joint Organisations Data Initiative (JODI) Questionnaire is not submitted. In the new draft Law, it is foreseen that each year, no later than 20 February, the Statistical Agency shall submit to the Ministry of Trade and Industry the annual report for the previous year's net imports and consumption, based on the monthly data reports. The Statistical Agency shall submit to Eurostat / Energy Community Secretariat the monthly statistical summaries within 55 days of the end of the month to which they relate.

  • Emergency procedures

    Emergency procedures

    Currently, no procedures are in place to release emergency oil stocks. However, the new draft Law foresees that the Government shall, on a proposal of the Minister in charge for oil, adopt a Response Plan with reserves to be implemented in the case of a supply interruption. The Plan shall prescribe the procedures, criteria and conditions for determining the occurrence of a major or local supply interruption as well as other procedures for normalisation of the market supply. The Ministry shall immediately notify the European Commission and the Energy Community Secretariat of any decision of the Government which concerns the release of compulsory oil stocks.