The levels of the emergency stocks for crude oil and petroleum products was set at about 1,24 million tons of oil equivalent (toe) (1.238.183 tonnes) according to a decision approved by the Executive.

The approved normative act establishes the levels of emergency stocks for each economic operator which is required to set up and maintain oil stocks: SC OMV Petrom SA – 519.361 toe, SC Rompetrol Rafinare SA – 341.930 toe, SC Petrotel-Lukoil SA – 184.805 toe, SC MOL Romania Petroleum Products SRL – 101.273 toe, SC Oscar Downstream SRL – SC 88.891 toe and Air BP Sales Romania SRL – 1.923 toe.

“Setting up and maintaining emergency stocks are obligations of economic operators, while setting specific stocks is the obligation of the National Administration of State Reserves and specific issues (ANRSPS). Currently, the minimum stocks of crude oil and petroleum products established under Law 360 / 2013 are consisting of emergency stocks, carried out by operators, quotes Bursa.

“For the year 2016 specific stocks will not be constituted by the National Administration of State Reserves and Special Issues, the levels of emergency stocks will be equivalent to the minimum stocks. For 2016, the calculation method was used minimum stocks average daily of the domestic consumption for 61 days. The obligation to hold and maintain the emergency stocks is for the economic operators which place on the market larger quantities of 1.000 tons of oil and / or petroleum products per year,” transmits the Government, through a press release.

The emergency stocks are made up of gasoline, diesel, kerosene, fuel oil and crude oil. Out of the quantity stored by each economic operator a minimum of a third of the petroleum products and up to two thirds of crude oil must be ensured. Financing the emergency stocks established by the economic operators will be done from their own sources, says the Government.