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. During 2017 and 2018, the volume of oil products in Serbia increased due to a rise in the purchase of oil and related goods and call option agreements. There were different public procurements carried out during 2018 which included the selection of the company which will insure emergency  reserves, the purchase of petroleum products type Euro Diesel in an amount of 8.700 tonnes and the option contract (ticket) for 50.000 tonnes of Euro Diesel and 10.000 tonnes of Petrol. A new medium-term plan (2018 – 2020) for the establishment and maintenance of emergency stocks of oil and oil products is in the process of adoption and the country’s long-term plan has been revised. In addition, activities to start the construction of new storage capacities for the needs of emergency stocks have been started and currently they are in the stage of obtaining a construction permit. In Serbia, the oil stock obligations are calculated based on inland consumption and the estimated number of days of emergency oil stocks is around 19.

  • Specific stocks

    Specific stocks

    In Serbia, there are no specific stocks, as this is not foreseen in the Law of 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 the subject of any measures that would restrict access to those 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 decision on the release of emergency stocks to the market shall be adopted by the Government. This decision shall contain information on the amount and structure of emergency stocks to be released, as well as the criteria for sale. In Serbia, the Emergency Response Plan is not yet approved. This Plan shall include 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 the supply of the market of Serbia. The programme includes actions in case of the adoption of international decisions to make the emergency stocks available to the market.