Ceisteanna — Questions. Oral Answers. - Oil Reserves.
asked the Minister for Energy if the one million barrels of oil which was held at the Whiddy Oil Terminal for years as part of our national oil reserves has been replaced on Irish soil; if so, when and where it is held; and the number of days supply which is now held within our national territory.
Comment on this
As I stated in reply to a parliamentary question on 11 June 1985, the stocks at Whiddy were maintained under an agreement on which serious doubts as to enforceability existed, the arrangements relating to them were, in fact, unilaterally terminated by Gulf in 1978.
At present, 160,000 barrels of crude are held at the Whiddy Oil Terminal; the question of replacement of the oil which has been removed is under consideration in my Department. Stocks held within the national territory at present amount to 59 days.
Comment on this
How much short of his EC obligation is the Minister in holding only reserves for 59 days?
Comment on this
We are not much short, only a number of days, in relation to our EC obligations, and it is my intention, when consideration of alternative methods arises, to bring up our reserve stocks to EC requirements. I am awaiting a report in the Department. It is being worked on at present and when it is at hand I will attend to fulfilling our commitments under EC directives. I have been in correspondence with the appropriate EC Commissioners, and I have given assurances that we will be taking action.
Comment on this
Did the Minister release the oil from Whiddy first without having prior arrangements for replacement storage for emergency situations, either here or elsewhere? Did the Minister allow the oil to be released from Whiddy, reducing our national oil reserves, leaving us open to face an emergency at any time in view of the unsettled position that exists in the world today?
Comment on this
I am satisfied that with the reserves at present available to us and through the steps that will be taken, we will not be vulnerable to the sort of situation the Deputy is describing. The position is quite the opposite at present. Steps will be taken to bring up our reserves as required by the EC.
Comment on this
What plans has the Minister to bring our reserves up to our obligations? Where does he intend to store those reserves — in Ireland or abroad?