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Definition: Method for calculation of obligation (calculated)...
Category: Energy
Method for calculation of obligation (calculated) whereas METHOD FOR CALCULATING THE CRUDE OIL EQUIVALENT OF IMPORTS OF PETROLEUM PRODUCTS The crude oil equivalent of imports of petroleum products is obtained by calculating the sum of the net imports of crude oil, NGL, refinery feedstocks and other hydrocarbons as defined in Section 4 of Annex B to Regulation (EC) No 1099/2008, adjusting the result to take account of any stock changes, deducting 4 % for naphtha yield (or, if the average naphtha yield within the national territory is greater than 7 %, deducting the net actual consumption of naphtha or the average naphtha yield) and adding this to the net imports of all other petroleum products excluding naphtha, also adjusted to take account of stock changes and multiplied by a factor of 1,065.International marine bunkers are not included in the calculation. 1 Annex I (4% default value for naphtha yield) 2 Annex I (Naphtha Actual Consumption) 3 Annex I (Actual Naphtha Yield) 4 Annex II Total Inland Consumption METHOD FOR CALCULATING THE CRUDE OIL EQUIVALENT OF INLAND CONSUMPTION The crude oil equivalent of inland consumption must be calculated using the following method: Inland consumption is the sum of the aggregate "observed gross inland deliveries", as defined in Section 3.2.1 of Annex C to Regulation (EC) No 1099/2008, of the following products only: motor gasoline, aviation gasoline, gasoline-type jet fuel (naphtha-type jet fuel or JP4), kerosene-type jet fuel, other kerosene, gas/diesel oil (distillate fuel oil) and fuel oil (high sulphur content and low sulphur content) as defined in Section 4 of Annex B to Regulation (EC) No 1099/2008. International marine bunkers are not included in the calculation. The crude oil equivalent of inland consumption is calculated by multiplying by a factor of 1,2. http://eur-lex.europa.eu/legal-content/EN/TXT/?qid=1415114499552&uri=CELEX:32009L0119
Source:
Council Directive 2009/119/EC of 14 September 2009 imposing an obligation on Member States to maintain minimum stocks of crude oil and/or petroleum products
Council Directive 2009/119/EC of 14 September 2009 imposing an obligation on Member States to maintain minimum stocks of crude oil and/or petroleum products
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