National Oil Reserves Agency Act 2007

F181[SCHEDULE 2

Method for calculating the crude oil equivalent of inland consumption

Section 32

The crude oil equivalent of inland consumption, as referred to in section 32, shall be calculated using the following method:

F182[1. Inland consumption is the sum of the aggregate observed gross inland deliveries, as defined in Section 3.2.2.11 of Annex C to Regulation (EC) No. 1099/2008, of the following products only: motor gasoline, aviation gasoline, gasoline-type jet fuel (naphtha-type jet fuel or JP4), kerosene-type jet fuel, other kerosene, gas/diesel oil (distillate fuel oil) and fuel oil (high sulphur content and low sulphur content) as defined in Chapter 3.4 of Annex A to Regulation (EC) No. 1099/2008.]

2. The crude oil equivalent of inland consumption is calculated by multiplying by a factor of 1.2.]

Annotations

Amendments:

F181

Inserted (29.04.2016) by European Union (Oil Reserves) (Amendment) Regulations 2016 (S.I. No. 231 of 2016), reg. 9.

F182

Substituted (1.01.2020) by European Union (Oil Reserves) (Amendment) Regulations 2019 (S.I. No. 557 of 2019), reg. 8, in effect as per reg. 2.