Mandatory Oil Stocks and Oil Crisis Management in Serbia

1. Mandatory Oil Stocks and Oil Crisis Management in Serbia Snežana Ristić Ministry of Mining and Energy, Oil and Gas Sector

2. Mandatory Oil Stocks and Oil Crisis Management in Serbia • Specific objectives of the proposed project • Assist in establishing an oil and petroleum product stockholding system in Serbia in accordance with EU Directives 98/93/EC; • Evaluate the implications of transposing the Community Directive on stocks into Serbian Legislation; • Detailing a 10 year programme for compliance with the directive; • Assist in developing a wider understanding of the implications of EU Directives relating to oil stocks and oil crisis management among energy decision makers in Serbia. • The scope of the project will be to assist the Competent Authority and the stockholders by setting up the operating system for the mandatory oil stocks and conduct training in using these facilities. • Included will be the supply of necessary IT hardware and software, and financial support for the first period of functioning of the operating sistem for the mandatory oil stocks.

3. Mandatory Oil Stocks and Oil Crisis Management in Serbia • Three stages of implementation • First stage – setting up the strategy an develop legislative framework; • Two following stages will support the running in of the system and transfer of experience including solid training of involved authorities and stockholders.

4. Mandatory Oil Stocks and Oil Crisis Management in Serbia • Goal: • Fulfilling EU requirement on oil stockpiling and crisis management; • Purpose: • Establish oil stockpiling system complying with 90 days of Serbian consumption; • Outputs: • Modern, will functioning oil stockpiling system; • Activities: • Stage 1: Structure of mandatory stocks; • Stage 2: Preliminary implementation; • Stage 3: Final implementation.