The Republic of Croatia is obliged to form and maintain compulsory stocks of crude oil and petroleum products, thereby ensuring market supply in case of a threat to its energy security. According to the European Directive 2009/119/EZ, which is implemented by the Crude Oil and Petroleum Products Market Act and based on the data about net imports and realised consumption in the previous calendar year provided by the Croatian Bureau of Statistics, an Ordinance on the Quantities and Structure of the Compulsory Stocks of Crude Oil and Petroleum Products is adopted on a yearly basis.
For crude oil and petroleum products storage, different contracts (short-term, medium-term and long-term) with tank storage companies can be signed.
According to the Directive, compulsory stocks of crude oil and petroleum products must be maintained in the quantities of no less than 90 days of the average net daily imports, or 61 days of the average daily domestic consumption of petroleum products in the previous year, whichever of two quantities is greater.
The Croatian Hydrocarbon Agency is assuring compulsory stocks of crude oil and/or petroleum products in the quantities sufficient for three months of market supply in case of imports absence.
Based on the Ordinance on the Quantities and the Structure of the Compulsory Stocks of Crude Oil and Petroleum Products for 2022, the quantity and structure of the compulsory stocks for the period between 1 July 2022 and 30 June 2023, is defined as follows:
Responsible: Croatian Hydrocarbon Agency
Petroleum Products: 238.000 tonnes
Crude Oil: 417.000 tonnes
TOTAL: 93 days of the average daily net imports in 2021
