Brussels, 18/06/2015 (Agence Europe) - The European Commission sent reasoned opinions to Spain and the United Kingdom on Thursday 18 June, requesting that they take action to ensure full transposition of the 2009 directive on oil stocks.
This directive requires member states to maintain minimum stocks of crude oil and/or petroleum products equivalent to at least 90 days of average daily net imports or 61 days of average daily inland consumption, whichever is greater. It had to be transposed into the national law by 31 December 2012.
Spain and the United Kingdom now have two months to remedy the situation or risk referral to the EU Court of Justice. (Emmanuel Hagry)