Corporación de Reservas
Estratégicas
de Productos Petrolíferos

Public Law Corporation
under the aegis of the
Ministry for the
Ecological Transition

Cores relations

CORES was formed more than 20 years ago, and in this time it has become a benchmark player in the hydrocarbon sector. It provides technical support to the public Spanish administration and regularly participates in diverse forums and work groups on a national and international level, contributing to promoting Spain’s image as a model of efficiency and energy security.

CORES participation in work groups and international organisations

European Commission

CORES participates as technical support for the Spanish government in the following European Commission work groups:

  • Oil and Petroleum Product Coordination Group. Advisory group created under Directive 2009/119, focused on analysing the security of supply situation for oil and petroleum products and facilitating the coordination and application of measures in this area. It meets twice yearly and, amongst other matters, studies Community regulations with regard to stocks. CORES participates in this group as technical support for the Ministry for the Ecological Transition.
  • Gas Coordination Group. Established by a Commission decision of 11 August 2011 to coordinate security of supply measures with regard to natural gas, it meets at least twice a year. CORES participates as technical support for the Ministry for the Ecological Transition.
  • Eurostat energy statistics group. Group focused on the standardisation and development of energy statistics in the EU. As the official statistics reference for the hydrocarbon sector in various chapters of the National Statistical Plan, CORES attends these annual meetings together with the Sub-directorate General of Hydrocarbons, the General office of renewable energies and studies of the Ministry for the Ecological Transition, the INE (National Statistics Institute) and the IDAE (Institute for Energy Diversification and Savings).

International Energy Agency (IEA)

CORES participates as technical support for the Ministry for the Ecological Transition in the following groups of the International Energy Agency:

  • SEQ, Standing Group on Emergency Questions, responsible for coordinating the joint actions agreed upon by the IEA in the event of an international supply crisis. It meets three times a year.  
  • SOM, Standing Group on the Oil Market. Responsible for analysing the evolution of the world oil market. Its conclusions are used as a support mechanism for IEA member countries. It meets three times a year, coinciding with the SEQ Group meetings.
  • Energy Statistics Co-operation. Its goal is to promote co-operation between the IEA and the different members on matters regarding statistical information, through annual meetings.

ACOMES (Annual Coordinating Meeting of Entity Stockholders)

International strategic stockholding entities participate in this annual forum in order to compare best practices, knowledge and experience. 

There are three work groups at the heart of ACOMES in which CORES also participates:

  • Best Practiques Group
  • Fuel Quality Management Group
  • Crude Oil Stocks Management Group

World Petroleum Council (WPC)

The WPC is an international institution of an apolitical character that has more than 65 member countries. It was founded in 1933 for the purpose of catalyzing and facilitating dialogue among players in the sector and finding sustainable solutions to key energy problems.

Outstanding among the WPC’s activities is the organisation, every three years, of the World Petroleum Congress, held in a different city each time. This is a benchmark international event for the sector and has a markedly technical character. Participants include the highest representatives on a world level of the oil and gas sector, international organisations and governments, whose objective is to thoroughly analyse the features, advances and new challenges of the energy industry. 

CORES is a member of the Spanish National Committee of the WPC and currently holds the Presidency. The National Committee meets quarterly in order to promote the participation of Spain’s energy sector in WPC activities.

The Spanish committee is one of the most active in the WPC, collaborating with all of the World Council’s activities in addition to promoting important energy events, such as the organisation of Expert Workshops on specific topics of particular relevance and immediacy in the oil and gas sector.

CORES participation in work groups and Spanish organisations

Hydrocarbon Advisory Council

Advisory body of the now-defunct National Energy Commission, which maintains its functions until the constitution of the Energy Advisory Council, created under Law 3/2013 of 4 June, on the creation of the National Markets and Competition Commission. CORES’ President participates in the Council.

Technical Management of the Gas System Regulations Work Group

Technical Management of the Gas System Regulations (NGTS), approved and published in Order ITC/3126/2005, establish the relationships among the different players in the system and the corresponding action procedures, in order to ensure the continuity and security of the gas supply. This group, which comprises all gas system players including the government and industry, reviews and updates said regulations on a monthly basis.

Gas System Follow-Up Committee

Gas System Follow-Up Committee was created, in accordance with the NGTS, as an organisation designed to provide operational monitoring of the system, coordination among the different players acting within it, presentation of information on operational plans of a temporary scope, and any other matter of interest in system monitoring. Convened and led by Enagas, it meets once every two months and its meetings are attended by representatives of all the system’s players, including both industry and the administration.

The Agents Committee for the Organised Gas Market

Cores attends as a guest, as contemplated by the regulations, the meetings of The Agents Committee for the Organised Gas Market

CORES contributes to promoting the image of Spain as a benchmark in energy security
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