MT
Products (Amendment) Regulations, 2019
Table of Provisions (9)
Statutory Text (9 Articles)
L.N. 156 of 2019
REGULATOR FOR ENERGY AND WATER SERVICES ACT
(CAP. 545)
Maintenance of Minimum Stocks of Crude Oil and, or Petroleum
Products (Amendment) Regulations, 2019
IN EXERCISE of the powers conferred by article 37(1) of the
Regulator for Energy and Water Services Act, the Minister for Energy
and Water Management, after consultation with the Regulator for
Energy and Water Services, has made the following regulations:-
(1) The title of these regulations is the Maintenance of
Minimum Stocks of Crude Oil and, or Petroleum Products
(Amendment) Regulations, 2019 and these regulations shall be read
and construed as one with the Maintenance of Minimum Stocks of
Crude Oil and, or Petroleum Products Regulations, hereinafter referred
to as "the principal regulations".
These regulations shall come into force on the 1 st January
(2)
2020. (3) These regulations transpose Commission Implementing
Directive (EU) 2018/1581 of 19 October 2018 amending Council
Directive 2009/119/EC as regards the methods for calculating stock-
holding obligations.
In regulation 2 of the principal regulations, the definition
"oil stocks" shall be substituted by the following new definition
" "oil stocks" means stocks of the energy products listed in
Chapter 3.4 of Annex A to Regulation (EC) No 1099/2008;".
In sub-regulation (3) of regulation 3 of the principal
regulations, the words "31st March" shall be substituted by the words
"30th June".
In sub-regulation (1) of regulation 6 of the principal
regulations, the words "in the first paragraph of Section 3.1 of Annex
C to Regulation (EC) No 1099/2008." shall be substituted by the words
"in Chapter 3.4 of Annex A to Regulation (EC) No 1099/2008.".
Regulation 9 of the principal regulations shall be amended
as follows
(a)
in sub-regulation (2) thereof, the words "Section 4 of
Annex B to Regulation (EC) No 1099/2008" shall be substituted
by the words "Chapter 3.4 of Annex A to Regulation (EC) No
1099/2008"; and
(b) in sub-regulation (4) thereof, the words "Section 3.2.1
of Annex C to Regulation (EC) No 1099/2008" shall be
substituted by the words "Section 3.2.2.11 of Annex C to
Regulation (EC) No 1099/2008".
The First Schedule to the principal regulations shall be Substitutes the
First Schedule
substituted by the following
to the principal
regulations
"First Schedule
Regulation 3
METHOD FOR CALCULATING THE CRUDE OIL EQUIVALENT
OF IMPORTS OF PETROLEUM PRODUCTS
The crude oil equivalent of imports of petroleum products, as
referred to in regulation 3, must be calculated using the following
method
1. The sum of net imports of crude oil, natural gas
liquids (NGL), refinery feedstocks and other hydrocarbons, as
defined in Annex A, Chapter 3.4 of Regulation (EC) No 1099/
2008 (*), shall be calculated and adjusted to take account of any
stock changes. From the resulting figure, one of the following
figures shall be deducted for naphtha yield
(a)
4 %;
(b)
the average naphtha yield;
(c)
the net actual naphtha consumption.
2. The sum of the net imports of all other petroleum
products, as defined in Annex A, Chapter 3.4 of Regulation (EC)
No 1099/2008, excluding naphtha, shall be calculated and
adjusted to take account of stock changes and shall be multiplied
by a factor of 1,065.
The sum of the figures resulting from items 1 and 2, represents the
crude oil equivalent.
International marine bunkers shall not be included in the
calculation.
(*) As modified by Commission Regulation (EU) 2017/2010 of 9
November 2017.".
The Second Schedule to the principal regulations shall be
amended as follows
(a) the words "Section 3.2.1 of Annex C to Regulation
(EC) No 1099/2008" thereof, shall be substituted by the words
"Section 3.2.2.11 of Annex C to Regulation (EC) No 1099/
2008"; and
(b) the words "Section 4 of Annex B to Regulation (EC)
No 1099/2008" thereof, shall be substituted by the words
"Chapter 3.4 of Annex A to Regulation (EC) No 1099/2008".
In the Third Schedule to the principal regulations, the
words "the first paragraph of Section 3.1 of Annex C to Regulation
(EC) No 1099/2008" shall be substituted by the words "Chapter 3.4 of
Annex A to Regulation (EC) No 1099/2008."
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