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Risk Level
Existence of indications of possible problems that could significantly affect the oil sector.The probability of becoming a real threat is low, but there must be continuous monitoring of the situation.

Causes:
Instability caused by the conflict between Ukraine and Russia.

Oil Reserves

Activity Description

ENSE is responsible for the acquisition, maintenance, management and mobilization of crude oil and petroleum products reserves, as being strategic reserves, safeguarding the national central stockholding entity functions.

ENSE’s competences are as follows:

  • Establish and maintain or hire maintenance for crude oil and petroleum products strategic reserves, in rented or own facilities;
  • Pursue suitable technical and financial management strategies for optimization, preserving operational efficiency and good environmental practice;
  • Follow companies obligations fulfilment on stockpiling and ensure a fair balance between public purposes entrusted to them and business interests of related economic agents;
  • Cooperate with the implementation of petroleum products reserves management policy drawn up by the Government.
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How it works

ENSE as central stockholding entity.
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Indicators

List of the most relevant indicators for the constitution and maintenance of Petroleum Reserves.

Petroleum Products Consumption

Monthly and annual history of the petroleum products consumption.
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Documents

Documents related to the activity of the central stockholding entity.
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Consuting Board

The Consulting Board is a consultative and support body for the strategic management of the URP.