Mission and tasks

In its domain, APETRA has two important goals, namely

• to assure the security of supply of Belgium;
• to enable Belgium to meet its international stockholding obligations for crude oil and petroleum products.

1) Introduction

The Agreement on an international energy programme of the International Energy Agency (IEA) and  the European directive 2006/67/EC (57.71 KB) of July 26, 2006 oblige member countries to hold stocks of crude oil and petroleum products of at least 90 days..
Despite the fact, that the international regulations fixes quite specific rules concerning the stocks which the Member states have to hold, it does not specify in which way member states should organise themselvese.

Board of Directors

Chairman: Baron Michel VANDEN ABEELE

Directors

1° Appointed upon proposal of the Federal authorities

• Mr Marc VANDENBORRE;
• Mr. Frank DE GREVE;
• Mr. Jaak RAES 

Operations of APETRA

For the stocks under its care APETRA

1. appeals partly to the operational stocks of the oil industry by concluding contracts with quality and availability clauses which give the agency the right, in a supply crisis, to purchase the stocks, and
2. appeals partly to crude oil and petroleum products which it purchases by means of bank loans.