CELEX: 51977PC0663
Language: en
Date: 1977-12-22
Title: PROPOSAL FOR A COUNCIL DIRECTIVE Amending Council Directive 68/414/EEC of 20 December 1968 imposing on obligation on Member States of the EEC to maintain minimum stocks of crude oil and/or petroleum products. (submitted to the Council by the Commission)

ARCHIVES HISTORIQUES
DE LA COMMISSION
COLLECTION RELIEE DES
DOCUMENTS "COM"
COM (77) 663
Vol. 1977/0212
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 ---pagebreak---     COMMISSION OF THE EUROPEAN COMMUNITIES
                                                           COM(77)663 final.
                                                Brussels , 22 december 1977
                         PROPOSAL FOR A COUNCIL DIRECTIVE
             Amending Council Directive 68/414/EEC of 20 December 1968
          imposing on obligation on Member States of the EEC to maintain
              minimum stocks of crade oil and/or petroleum products »
                    ( submitted to the Council by the Commission)
COM(77 ) 663 final*
 ---pagebreak---                        EXPLANATORY MEMORANDUM
 Indigenous Community production of crude oil contributes in itself to
the Community 's security of supply .     A deduction from the obligation
to maintain stocks is thus justifiable in the case of indigenous crude
oil , especially as this would also encourage increased production .
Council Directive 68 / 414 / EEC of 20 December 1968 provides for an
exemption of up to 15% from the stocking obligation as regards
derivatives of indigenous crude oil consumed by the producer Member
State .
An increased exemption is justifiable because of the present and
expected increase in Community production of crude oil , mainly in the
British sector of the North Sea .
The Commission proposal is based on three principles :
( a ) The quantities of derivatives of crude oil produced in a Member
      State may be deducted from the stocking obligation of the Member
      State in which they are consumed .
< b ) A minimum level of stocks ( equivalent to 54 days of consumption )
      is to be maintained for reasons of internal security , allowing for
      the refineries' operational stocks .    This involves an increase in
      the deduction from 15 to 40% .
( c ) The normal supply flows of these crudes and products between Member
      States shall be maintained in the event of supply difficulties .
 ---pagebreak---            PROPOSAL FOR A COUNCIL DIRECTIVE OF,
    Amending Council Directive 68/4i4/ EEC of 20 December 1968
     imposing an obligation on Member States of the EEC to maintain
    minimum stocks of crude oil and/or petroleum products ,
THE COUNCIL- 'OF THE EUROPEAN COMMUNITIES ,
Having regard to the Treaty establishing the European Economic Community ,
and in particular Article 103 thereof ;
Having regard to the proposal from the Commission ;
Having regard to the Opinion of the European Parliament ;
Having regard to the Opinion of the Economic and Social Committee ;
Whereas Council Directive 68/414/EEC of 20 December 1968^, modified by
Council Directive 72/425/ EEC °? 19 Decembre 1977 » imposes the obligation
to maintain minimum stocks of crude oil and/or petroleum products equivalent
to 90 days® consumption ; whereas that part of internal consumption met by
derivatives of petroleum produced indigenously by a Member State may be
dflrinotod up to a maximum of 15  of the oaid consumption ;
Whereas national production of crude oil contributes in itself to the
Community 's security of supply ; whereas the current indigenous production
of crude oil and the expected increase justify an increase in the
exemption from the obligation to maintain stocks amounting to up to
4Gfo of consumption ;
Whereas the supply flows of indigenous crude oil and derivatives should be
maintained between Member States in the event of difficulties in the supply
of crude oil and petroleum products *
1 OJ L 308 of 23.12.1968
2 OJ L 291 of 28.12.1972
 ---pagebreak--- HAS ADOPTED THIS DIRECTIVE
                          Article 1
^ a) The Becond paragraph of Article 1 of Directive 68/414 EEC shall from
     31 December 1978 "be replaced by the following wording t
     "The quantities of the derivatives of the petroleum produced in a
     Member State nay be deducted from the consuming Member State * s storage
     obligation , up to a maximum of 40$ of that State 's consumption".
(b ) The following text shall be added after the second paragraph of
     Article 1 :
     "The Member States shall , by 31 December 1978 , take all legal
     regulatory or administrative measures necessary to ensure that ,
     in the event of supply difficulties , their supplies to other Member
     States of indigenous crude oil and petroleum products derived from it ,
     or from the indigenous crude of another member state , shall be
     maintained at the average quarterly level of the previous year . These
     supplies may be adjusted in acoordance with decisions which have been
     taken at Community level ".
                          Article 2
A second paragraph shall be added to Article 4 of Directive 68/414/ EEC with
effect from 31 December 1978 :
"The Member States shall calculate each year the quantities of the derivatives
which may be deducted from their obligation to maintain stocks in accordance
with the second paragraph of Article 1 and shall notify the Commission of
these quantities and of the basis for calculation by 31 January of each year ".
                          Article 3
This Directive is addressed to the Member States .
Done at Brussels ,
                                                   Por the Council
                                                   The President