The situation in Spain
Total reserves and breakdown
Oil-based products
Spanish legislation establishes minimum security stocks equivalent to 92 days of consumption or sales of petroleum products, for each of the following three groups:
- Gasolines
- Medium distillates (Kerosene and Gas-oils)
- Fuel-oils
Raw materials, crude oil and semi-refined products are computed, according to their corresponding yield, within the above three groups.
The current level of strategic reserves to be set up and held by CORES and that of minimum security stocks to be held by liable parties are stated on CORES website, on the webpage: Days allocated for strategic stocks.
Strategic stocks CORES owned global reach 46.9 days in the Spanish market, and 45.1 days are held by entities.
The following table shows the composition of the minimum security stocks of oil reserves:
Liquefied petroleum gas and natural gas
With regards to liquefied petroleum gases, the regulations state that the liable parties shall keep 20 days equivalent to their sales or consumption as minimum security stocks.
As regards natural gas, the obligation is set to 20 days depending on the firm's sales last year of the entities.
There are no strategic reserves for liquefied petroleum gases or natural gases to be held directly by CORES.
C/ AGASTIA 80, 28043 MADRID, ESPAÑA | E-MAIL: cores@cores.es
TLF.: +34 91 360 09 10 | FAX: +34 91 420 39 45