Corporación de Reservas
Estratégicas
de Productos Petrolíferos

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

Petroleum products

The entities obliged to maintain minimum security stocks of petroleum products assume various obligations to CORES as of the start date corresponding to the Statement of Compliance approved by the Ministry for the Ecological Transition. The commencement date can be delayed as long as a justified request to do so is made to the Ministry and it receives its approval.

 

 

Obligation to maintain minimum security stocks

Within the overall obligation to hold minimum security stocks of petroleum products, set at 92 days, the obligated entities must hold between 0 and 50 days of eligible sales or consumption at all times, as if they have requested Cores for additional days under certain conditions (ES).

For the first 15 months of the entity’s activity, the eligible sales are substituted by an annual sales forecast approved by the Ministry for the Ecological Transition.

Obligation to pay the fee

All entities obliged to maintain stocks are compelled to financially support CORES activities, paying monthly contributions (fees) based on their sales or consumption. The obligated entities must make a monthly sales report and the corresponding payment, by means of self-assessment, for the days of stock that CORES holds in their name (between 42 and 92 days). This payment is in accordance with the real sales of the month prior to that in which the report is being made.  

Obligation to send in periodic information

The entities obligated to maintain minimum security stocks must send in the following information to CORES using the infoCores platform:

  • Before the 20th of each month, the monthly forms corresponding to the 29 May 2007 Resolution of the Directorate-General of Energy and Mining Policy
  • Before the 20th of May, August, November and February, the quarterly 3G form corresponding to the 29 May 2007 Resolution of the Directorate-General of Energy and Mining Policy 
  • Before the 20th of each month, the monthly sales report
  • Before 31 May, the annual sales audit corresponding to the previous year
  • Information on leases of minimum security stocks before their commencement

In addition to the entities obliged to maintain stocks, storage facility owners and lessors are obliged to provide the following information to CORES, making it possible to verify the data submitted by the obligated entities:

  • Before the 20th of each month, the monthly forms corresponding to the 29 May 2007 Resolution of the Directorate-General of Energy and Mining Policy

Additionally, other subjects, that without being obliged, do maintain oil stocks because of their activity or in favor of foreign subjects, are also required to submit information.

All forms are available on the calendar of obligations.

InfoCores is the secure information exchange platform that CORES has designed to ensure security and facilitate management of the information submitted by all the entities obliged to do so. Access to infoCores requires the digital signature corresponding to the company representative having the appropriate authorisation, which will be verified, in order to present the documentation to CORES. One entity can register various representatives.

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