Activities

Stocks

COSMOS’s mission is to maintain and manage the national oil stocks so that they are available at all times; in case of a shortage in energy supply, the minister may order the release of part or the whole of the quantities kept.

The minimum oil stocks are kept by COSMOS are prescribed in a ministerial Order. For 2010 these were 607.770 metric tons, as follows:

Category I: (Petrol) 94.590 MT
Category II: (Heating & Automotive Diesel, Kerosene and Jet Fuel)    212.040MT
Category III: (HFO and LFO)    301.140 MT

During 2010 COSMOS met its obligation for maintaining oil stocks as follows:

Own stocks in Cyprus 90.600MT
Own stocks in Greece 137.700MT
Tickets in the Netherlands 200.000MT
Delegated stocks to EAC    160.000MT
Oil Companies Stocks 77.000MT