12003TN08/09

9. ENERGY

31968 L 0414: Council Directive 68/414/EEC of 20 December 1968 imposing an obligation on Member States of the EEC to maintain minimum stocks of crude oil and/or petroleum products (OJ L 308, 23.12.1968, p. 14), as last amended by:

- 31998 L 0093: Council Directive 98/93/EC of 14.12.1998 (OJ L 358, 31.12.1998, p. 100).

By way of derogation from Article 1(1) of Directive 68/414/EC, the minimum level of stocks of petroleum products shall not apply in Latvia until 31 December 2009. Latvia shall ensure that its minimum level of stocks of petroleum products corresponds, for each of the categories of petroleum products listed in Article 2, to at least the following number of days' average daily internal consumption as defined in Article 1(1):

- 40 days of product category "fuel oils" and 23 days of the remaining product categories by the date of accession;

- 50 days of product category "fuel oils" and 30 days of the remaining product categories by 31 December 2004;

- 55 days of product category "fuel oils" and 35.5 days of the remaining product categories by 31 December 2005;

- 60 days of product category "fuel oils" and 41 days of the remaining product categories by 31 December 2006;

- 70 days of product category "fuel oils" and 49 days of the remaining product categories by 31 December 2007;

- 80 days of product category "fuel oils" and 67 days of the remaining product categories by 31 December 2008;

- 90 days for all product categories by 31 December 2009.

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