20/02/2014 (Agence Europe) - Cyprus taken to Court of Justice about oil reserves. On 20 February, the European Commission decided to take Cyprus to the Court of Justice of the EU for failing to transpose Directive 2009/11/EC on oil reserves - a directive that the member states were supposed to have transposed by 31 December at the latest. The directive requires member states to maintain minimum stocks of crude oil and petroleum products to ensure security of oil supply in case of possible...