Oil

State of compliance
 

  • Stockholding obligation

    Stockholding obligation

    In North Macedonia, the new Law on Compulsory Oil Reserves, adopted in October 2014, was supposed to be applicable as of 1 January 2015. However, the Parliament has adopted three Laws Amending the Law on Compulsory Oil Reserves, each time postponing the application of the Law by one year. According to the latest amendment, the Law is envisaged to enter into force as of 1 January 2019. The approval of the necessary by-laws and action plans is in delay. The country’s oil stocks corresponded to 61 days of average daily consumption in July 2018, a decrease from July 2017 when stocks stood at 70 days.  

  • Specific stocks

    Specific stocks

    In North Macedonia, there are no specific stocks but in the adopted Law it is foreseen that the Compulsory Reserves Agency may maintain oil derivatives in the form of specific stocks which shall be an integral part of the compulsory reserves, calculated in days of consumption. The Government shall decide upon the need to establish specific stocks, the number of days for their maintenance and the selected oil derivatives, whereas the decisions remain in force for the duration of a minimum of one year and their amendments may enter into force only on the first day of the calendar month. 

  • Availability and accessibility

    Availability and accessibility

    In North Macedonia, the Oil Reserves Agency is in charge of ensuring that the compulsory reserves are at all times available and physically accessible and preventing their removal from the storage area without its permission. The reserves held in the territory of North Macedonia on behalf of another EU Member State or an Energy Community Contracting Party, which are to be used in the case of an emergency, cannot be subject to retention, pledge, enforcement or seizure.

  • Reporting

    Reporting

    In North Macedonia, the State Statistical Office supplies monthly oil data for the MOS Questionnaire. The Joint Organisations Data Initiative (JODI) Questionnaire is not prepared, nor has it been submitted to the Secretariat. The adopted Law foresees that the minister competent for energy related issues, on a proposal of the Oil Reserves Agency, shall prescribe the rules for preparation and deadlines for the submission of statistical summaries to the European Commission. The Ministry competent for energy related issues shall each year, no later than 25 February, send the European Commission a summary of the compulsory reserves register, which lists the types and quantities of compulsory reserves included in the register on the last day of the previous calendar year. The Agency shall also draw up statistical summaries on specific reserves and submit them to the European Commission through the Ministry competent for energy related issues.

  • Emergency procedures

    Emergency procedures

    In case of an emergency oil supply disruption, the Government shall adopt a decision on releasing the compulsory reserves into circulation, prescribing the type and quantities of crude oil and/or oil derivatives to be put into circulation, the procedure and deadlines for the release of the compulsory reserves  as well as the time interval in which the decision shall apply. The Government shall, on the proposal of the ministry competent for energy related issues, adopt an Intervention Plan to be used in case of an emergency disruption to the supply of the crude oil and oil derivatives on the market. This Plan is drafted but not yet adopted and it is expected by the end of 2018.