Europe is about to adopt amendments to 40 years, the provisions of the emergency oil reserves to keep pace with the development of the International Energy Agency IEA system. Emergency oil reserve is aimed at the creation of the accidents occur when the oil crisis to ensure that the national energy supply.
Over the past few decades, the EU can not help but become very dependent on Russian energy supplies, it has called upon member states to adopt stringent new measures to enhance energy security.
According to Reuters at the meeting of European ambassadors next week before the draft document shows that the EU's total oil inventories must be at least equivalent to an average of 90 days or imports an average of 61 days consumption. "The proposed amendments to the provisions of the most important purpose is to enable the EU oil stocks system IEA closer to the system, inventory system to allow a higher safety, fewer administrative burdens." A diplomatic source said.
Source: www.in-en.com Jun. 2, 2009
