About us
The Erdölbevorratungsverband (EBV) was formed in 1978 under the Petroleum Stockholding Act (Erdölbevorratungsgesetz/"ErdölBevG") as a public corporation with its corporate seat in Hamburg, Germany.
EBV is required to hold emergency oil stocks equal to 90 days of the net imports of crude oil and mineral oil products of the preceding calendar year in the Federal Republic of Germany, expressed in crude oil equivalents. Reserves can be held as crude oil or as products, namely gasoline, diesel, heating oil, and aviation fuel. At least one-third of the stockholding has to be in products.
All companies that produce relevant products domestically or that import such products into Germany are compulsory members of the Erdölbevorratungsverband (EBV) and are required to pay mandatory fees for its financing.
To find out more about the history of compulsory petroleum stockholding in the Federal Republic of Germany please read » here.
The EBV's two-person Management Board is appointed by a supervisory body (Advisory Board). The Advisory Board consists of at least nine individuals and includes between one and at most three representatives from the Federal Ministry of Economic Affairs and Energy, one representative each from the Federal Ministry of Finance, and the German Bundesrat, as well as six representatives from the petroleum industry. The representatives from the petroleum industry are elected by the Members' Assembly for terms of three years. A deputy is elected or appointed for each member of the Advisory Board.
The EBV Management Board and Advisory Board are advised by an Economic Committee and a Stockholding Committee. The committees are composed of representatives of the EBV member businesses.
The Economic Committee reviews the draft business plan and the amount of membership fees upon which it is based as well as the annual reports. In addition, the Economic Committee advises regarding special circumstances which are related to financing the EBV.
The Stockholding Committee advises the EBV Management Board and Advisory Board with respect to questions of overall stockholding and its cost effectiveness, quantity planning and stockholding, increases and decreases.
On the following pages we provide an overview of the structure and responsibilities of the EBV. In addition, using the navigation sidebar on the left of the page, you may access all documents which are available for you for download in PDF format. The following pages make specific reference to the documents which are relevant for each specific area.
