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Order Itc/1377/2009 Of 27 May, By Which Modify The Quotas Of The Corporation's Strategic Reserves Of Petroleum Products For The Financial Year 2009.

Original Language Title: Orden ITC/1377/2009, de 27 de mayo, por la que se modifican las cuotas de la Corporación de Reservas Estratégicas de Productos Petrolíferos correspondientes al ejercicio 2009.

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TEXT

Royal Decree 1716/2004 of 23 July, regulating the obligation to maintain minimum stocks of security, diversification of natural gas supply and the Corporation of Strategic Reserves of Petroleum Products, as amended by Royal Decree 1766/2007 of 28 December, sets out in Articles 25 and 26 that, by Order of the Ministry of Industry, Tourism and Trade, the unit quotas will be established by group of products which, per metric tonne or cubic metre sold or consumed, and to be paid in proportion to the days of strategic stocks, or in their case of minimum security stocks, maintained by CORES, shall satisfy the Corporation the subjects required to maintain minimum security stocks of petroleum products, as well as quotas which, depending on their participation in the market, will have to satisfy the Corporation annually the subjects required to maintain minimum safety stocks of liquefied petroleum gases and natural gas, and to diversify the supply of natural gas.

These quotas are intended to finance the costs provided by the Corporation, especially those that generate the constitution, storage and conservation of the strategic stocks of each group of petroleum products, the activities of the Corporation relating to liquefied petroleum gases and natural gas, as well as the cost of the other activities of the Corporation, and also those for the establishment and maintenance of minimum security stocks corresponding to the required subjects referred to in the preceding paragraph.

On 2 January 2009, the "Official State Gazette" was published in Order ITC/3837/2008 of 26 December, approving the quotas of the Corporation for Strategic Reserves of Petroleum Products corresponding to the exercise 2009.

During the first quarter of 2009 there have been significant variations in some of the assumptions considered in the 2009 Corporation Budget, which was taken as the basis for the approval of the 2009 for this Order, variations that are estimated to be maintained or even increased during the rest of the year.

These variations refer to the downward modification of the following assumptions: interest rate for the exercise, liquid hydrocarbon sales volume, crude price and Consumer Price Index (CPI).

As a consequence of these variations, which have produced a considerable positive deviation in the result of the Corporation during the first quarter of 2009, the modification to the decrease of the quotas is considered to pay CORES during 2009, from 1 June, with the exception of those for liquefied petroleum gases and natural gas which remain unchanged.

Received the proposal to modify quotas for 2009, and after being analyzed and studied by the competent services of the Secretary of State of Energy, this Ministry has had to dispose:

First.-The quotas to be paid to the Corporation of Strategic Petroleum Products Reserves are modified during 2009, which from June 2009 will be as follows:

A) quotas to be satisfied, in compliance with the provisions of Article 25 (1) of Royal Decree 1716/2004, of 23 July, by the subjects required to maintain minimum security stocks of petroleum products, excluding liquefied petroleum gases, for the constitution, maintenance and management by the Corporation of the strategic stocks that correspond to them according to their sales or consumption, to be paid in proportion to the days of stock strategic held by the Corporation on its own:

Auto and aviation gasolines: EUR 0.0742 per cubic meter sold or consumed, and per day of stock held by the Corporation on behalf of the obligated subject.

Automotive gasoils, other gasoils, aviation kerosene and other kerosene: 0.0792 euros per cubic meter sold or consumed, and per day of stock held by the Corporation for the account of the obligated subject.

Fuels: EUR 0.0668 per metric tonne sold or consumed, and per day of stock held by the Corporation on behalf of the obligated subject.

B) quotas to satisfy, in accordance with the provisions of Article 25.2 of the said Royal Decree, by the subjects required to maintain minimum stocks of safety of liquefied petroleum gases and natural gas, and to the diversification of natural gas supply, for the financing of the Corporation's activities related to them:

Liquefied petroleum gases: EUR 0.06 per metric tonne sold or consumed.

Natural gas: 3.78 euros per gigawatt hour of sales or firm consumption.

C) It is necessary to satisfy by the subjects required to maintain minimum safety stocks of liquefied petroleum gases, as referred to in article 14.6 of Royal Decree 1716/2004, of July 23, for the maintenance by of the minimum security stocks that correspond to them:

0.3381 euros per metric tonne sold or consumed, per day of stock held by the Corporation on account of the obligated subject.

Second. -These obligated subjects will pay the Corporation the resulting amount in the form and time limits set out in Order ITC/18/2005, of 10 January, for which the quotas of the Corporation of Strategic Reserves are approved Petroleum Products for the financial year 2005 and in this Order.

Third. -The first declaration and payment of the quotas approved in this Order in the first paragraphs (A) and (C) above will be the one to be carried out before June 20, 2009, that is, the corresponding to the sales or consumption. made in the month of May 2009.

In the case of the required subjects referred to in the first paragraph of this Article, the first annual summary declaration and payment of the quotas approved in this Order shall correspond to the sales or consumption by them carried out during the year 2009.

Fourth.-The sales or consumption declaration form, attached as Annex 1 to Order ITC/18/2005 of 10 January, is amended, approving the quotas of the Corporation for Strategic Reserves of Petroleum Products for the financial year 2005, according to the model attached to this Order.

Final disposition.

This Order shall enter into force on the day following that of its publication in the "Official Gazette of the State", and shall remain in force until the publication of the quotas for 2010, without prejudice to the adjustments which, in that time, it was necessary to practice in the declarations and payment of the quotas.

Madrid, 27 May 2009.-The Minister of Industry, Tourism and Trade, P. D. (Order ITC/3187/2004 of 4 October, and additional provision of Royal Decree 640/2009 of 17 April), the Secretary of State for Energy, Pedro Luis Marin Uribe.

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