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Council Directive 2006/67/EC (repealed)Show full title

Council Directive 2006/67/EC of 24 July 2006 imposing an obligation on Member States to maintain minimum stocks of crude oil and/or petroleum products (Codified version) (Text with EEA relevance) (repealed)

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Article 5

1.Stocks required to be maintained by Article 1 may be maintained in the form of crude oil and intermediate products, as well as in the form of finished products.

2.In the statistical summary of stocks existing at the end of each month:

(a)finished products shall be accounted for according to their actual tonnage;

(b)crude oil and intermediate products shall be accounted for:

(i)

in the proportions of the quantities for each category of product obtained during the preceding calendar year from the refineries of the Member State concerned; or

(ii)

on the basis of the production programmes of the refineries of the Member State concerned for the current year; or

(iii)

on the basis of the ratio between the total quantity manufactured during the preceding calendar year in the Member State concerned of products covered by the obligation to maintain stocks and the total amount of crude oil used during that year, up to a maximum of 40 % of the total obligation for the first and second categories (petrol and gas oils), and up to a maximum of 50 % for the third category (fuel oils).

3.Blending components, when intended for processing into the finished products listed in Article 2, may be substituted for the products for which they are intended.

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