Impact Assessment of potential revision of the Oil Stocks Directive

What is the impact of the changed EU Directive on the availability and the costs of emergency oil stocks across the EU?

In 2016 Trinomics conducted the mid-term evaluation of Directive 2009/119/EC, which specifies the obligation of Member States to maintain a minimum amount of oil stocks for emergency situations. The evaluation concluded that the Oil Stocks Directive was broadly successful in achieving or progressing towards its main objectives, but that there were also a series of measures that might facilitate the implementation of the Directive and improve the achievement of its goals. The areas of the Directive that could be improved include the naphtha yield calculation, the 10% deduction rule, the date of compliance to a new annual obligation and the rules and procedures regarding cross-border stocks. The EC planned to directly use the report to implement the potential changes recommended by the study through the comitology procedure.