Oil

State of compliance
 

  • Stockholding obligation

    Stockholding obligation

    In Montenegro, there is no emergency oil stockholding policy, but a new draft Law on Security of Supply of Oil Products, which regulates the manner of establishing and managing emergency oil stocks and the procedure in case of disruption of supply of petroleum products, was finalized and reviewed by the Secretariat during the third quarter of 2016. In addition, the Government revised the Action Plan for the implementation of Directive 2009/119/EC, in order to reflect all components of the emergency oil stockholding system. Nevertheless, the adoption of the new draft Law and the subsequent secondary legislation in line with Directive 2009/119/EC is still pending.

  • Specific stocks

    Specific stocks

    In Montenegro, there are no specific stocks but the new draft Law foresees that specific stocks are part of the emergency stocks and should consist of petroleum products whose total share, expressed in crude oil equivalent, corresponds to at least 75% of inland consumption from the previous year. Specific stocks cannot be the subject of enforced collection.

  • Availability and accessibility

    Availability and accessibility

    The new draft Law foresees that emergency stocks must be physically accessible at all times and cannot be subject to measures which would limit their availability. Emergency stocks of other countries stored in Montenegro based on international agreements or being transited through the territory of Montenegro cannot be subject to measures that would limit their access.               

  • Reporting

    Reporting

    Information regarding Montenegro’s oil data collection is not available.  The Joint Organisations Data Initiative (JODI) Questionnaire is not submitted. In the new draft Law, it is foreseen that the Ministry in charge of energy shall submit data referring to the import, export, and placement of petroleum products on the market to the Statistical Office, which shall produce an official aggregated monthly statistical report on the petroleum products market. In addition, the Ministry shall submit the monthly statistical reports to the European Commission/ Energy Community Secretariat within 55 days of the end of the month to which they relate. The Agency in charge of oil stocks shall keep and regularly update the register of emergency oil stocks and specific stocks. If the share of specific emergency stocks in all emergency stocks amounts to less than 30 days of average inland consumption from the previous calendar year, the Ministry shall, not later than by the 25th of January of the current year, prepare a report on the availability and accessibility of emergency stocks for the current year.
     

  • Emergency procedures

    Emergency procedures

    There is no procedure in place to release quickly, effectively and transparently some or all of the country’s emergency oil stocks. However, the new draft Law foresees that the Government, upon a proposal of the Ministry, shall release the emergency stocks on the market according to procedures set out in a contingency plan.  If the Government fails to release the emergency stocks on the market, the energy undertaking that has the largest number of petrol stations on the territory of Montenegro is obliged to buy off, ship and sell these emergency stocks to final customers.