Oil

State of compliance
 

  • Stockholding obligation

    Stockholding obligation

    The model for oil stocks establishment, maintenance and financing in Ukraine was sent by the State Reserve Agency to the Ministry of Energy and Coal Industry (MECI) for approval at the end of December 2017. In May 2018, the MECI approved this model, which was immediately sent by the State Reserves Agency to the Ministry of Economy. To this date, the Ministry of Economy has not officially provided its position on the draft Law.

    Concurrently, the State Reserve Agency alongside the "Assistance to Ukraine in the process of implementation of energy sector reform" project has started to prepare a draft Oil Stocks Law to be submitted to the Cabinet of Ministers until the third quarter of 2018. The draft Law on emergency oil stocks was sent to the Secretariat for compliance review in October 2018.               

  • Specific stocks

    Specific stocks

    In Ukraine, there are no specific stocks.

  • Availability and accessibility

    Availability and accessibility

    There are no emergency oil stocks and therefore their availability and accessibility are not available.

  • Reporting

    Reporting

    No legislation is in place and reporting obligations are not present. The Joint Organisations Data Initiative (JODI) Questionnaire is not submitted. Some data are provided by the State Statistical Service of Ukraine as part of the annual energy balances. The State Statistical Service is currently working on collecting data for the Monthly Oil Statistics (MOS). It is its intention to begin reporting the monthly data in 2018 and to use the monthly data as the basis for calculating the national stockholding obligation starting in 2019.

     

  • Emergency procedures

    Emergency procedures

    No emergency procedures in compliance with Directive 2009/119/EC are in place.