IDEAS home Printed from
MyIDEAS: Login to save this article

Emergency oil stocks in Southeastern and Eastern Europe: What explains variation in convergence towards the EU model?

  • Tosun, Jale
Registered author(s):

    The accumulation and maintenance of emergency oil stocks in accordance with the requirements of the European Union involve changes in legislation, the strengthening of national stockholding institutions and the attraction of investment. Despite these challenges, almost all Southeastern and Eastern European countries have begun to align their oil stockholding arrangements with the European model, albeit there is variation in the actual degree of convergence. The greatest convergence is observed for Croatia and the Former Yugoslav Republic of Macedonia. In marked contrast, the oil stockholding system of Moldova continues to be different from the European model. This study provides an overview of the Southeastern and Eastern European countries’ progress in approximating the European requirements for emergency oil stocks and identifies the factors responsible for the cross-country variation. The differences observed stem from the extent to which the countries are legally obliged to comply with the European provisions, their membership aspirations, levels of energy-related investment from the European Union, and dependence on oil imports.

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.

    File URL:
    Download Restriction: Full text for ScienceDirect subscribers only

    As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.

    Article provided by Elsevier in its journal Energy Policy.

    Volume (Year): 46 (2012)
    Issue (Month): C ()
    Pages: 417-426

    in new window

    Handle: RePEc:eee:enepol:v:46:y:2012:i:c:p:417-426
    Contact details of provider: Web page:

    No references listed on IDEAS
    You can help add them by filling out this form.

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    When requesting a correction, please mention this item's handle: RePEc:eee:enepol:v:46:y:2012:i:c:p:417-426. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Zhang, Lei)

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.