Ireland's Current Stock Levels
Number of days of oil stocks held by Ireland at 1 December 2007 IEA methodology
| |
In Ireland (days) |
Abroad (days) |
Overall Total |
|
NORA stocks
Wholly owned |
31 |
9 |
40 |
|
Ticketed (Stock tickets) ** |
0 |
30 |
30 |
|
Industry/Consumer Stocks *** |
27 |
0 |
27 |
|
Total |
58 |
39 |
97 |
*These are stocks held in other EU countries under cover of Bilateral Oil Stockholding Agreements whereby the host country guarantees that it would not oppose the transfer of the oil in question to Ireland in the event of an emergency.
** Surplus (i.e. over and above operational stocks) private sector stocks on which NORA has a legal option to purchase (during the period of the contract) in the event of an emergency.
*** These are operational stocks held at major ports, the Whitegate refinery and by large oil consumer companies such as the ESB which would be legally and physically amenable to the Minister's control in the event of an emergency under the Fuels Acts 1971 and 1982. Industry stocks that have already been delivered to filling stations etc. are not included.
Ireland's IEA Stockholding Requirement for 2006 amounts to 2,278,000 Tonnes of Crude Oil Equivalent.