Oil

State of compliance
 

  • Stockholding obligation

    Stockholding obligation

    Emergency oil stocks in Serbia are regulated by the Commodity Reserves Law adopted in December 2013. With this Law (and in particular its Articles 15 to 31), Serbia has transposed the most relevant provisions of Directive 2009/119/EC on Emergency Oil Stocks.

    Two new by-laws have been adopted at the end of 2018 and in 2019 - the Decree on Defining the Programme of Measures when the Energy Security of Supply is Endangered – Emergency Response Plan (OJ RS No. 63/19) and the Rulebook on Defining the Yearly Programme of Emergency Oil (OJ RS No. 26/18). The register of establishing all emergency oil stocks is in progress.

    During 2018 and 2019, activities on the formation of emergency oil stocks reserves have continued. Two public procurements took place, one on the purchase of crude oil in the amount of 16.000 tons and petroleum products (type EURO Diesel) in the amount of 6.000 tons and one on the optional contract (ticket) for 50.000 tons of petroleum product.

    Having in mind that the public procurements are not yet conducted, the estimated number of days of emergency reserves calculated based on inland consumption is currently around 19 – the same like during the previous year.

  • Specific stocks

    Specific stocks

    In Serbia, there are no specific stocks, as this is not foreseen by the Law on Commodity Reserves adopted in 2014. This Law foresees that emergency stocks may be established and maintained in crude oil, petroleum products and in the contractual rights to purchase certain quantities of crude oil and petroleum products, wherein at least one third of the obligation to keep the reserves should be in finished products of certain petroleum products whose common representation, expressed in equivalent crude oil, equals to at least 75% of the total domestic consumption from the previous year.

  • Availability and accessibility

    Availability and accessibility

    The Law on Commodity Reserves clearly stipulates that emergency stocks must be physically available at all times and cannot be subject to any measures that would limit their availability. Storages and infrastructure for receiving and shipment of emergency stocks must be functional and properly maintained at all times. In addition, the emergency stocks of other countries which, based on intergovernmental agreements, are stored on the territory of Serbia or are in transit through Serbia cannot be subject to any measures that would restrict access to these stocks and their shipment from the territory of Serbia.

  • Reporting

    Reporting

    There is no reporting information from Serbia but in their respective legislation (primary and secondary) the obligation is foreseen. The Joint Organisations Data Initiative (JODI) Questionnaire is not submitted to the Secretariat. In the Law on Commodity Reserves, it is stipulates that the Ministry in charge of energy shall prescribe the content and manner of keeping the register, as well as the deadlines and manner of submitting the registry in compliance with the assumed international obligations. A rulebook was adopted which sets forth the content, form and manner of keeping the register of emergency oil stocks, as well as who is liable to submit monthly statistical reports on the quantity, quality, composition and disposition of emergency oil stocks and other oil stocks as well as of the emergency oil stocks of other countries held in Serbia based on bilateral agreements. In addition, this rulebook lays down the terms and manner for the submission of the annual summary of the emergency stocks register; the submission of the monthly statistical summaries and the submission of the annual report on actions; and measures available to efficiently place them on the market of Serbia  in  case  of  disruption  in  the supply  of  energy  and  energy  sources,  in accordance with the international obligations assumed by Serbia.

     

     

  • Emergency procedures

    Emergency procedures

    The Emergency Response Plan is approved by the Government. This Plan includes procedures and criteria for the identification of a supply disruption, the authority and responsibility to eliminate supply disruptions and the procedures for the normalization of supply of the Serbian market. The programme includes actions in case of the adoption of international decisions to make the emergency stocks available to the market.