The current status of the formation of minimum oil and oil products in countries of the world and Ukraine

The subject of the research is the legislative and organizational aspects of creating minimum reserves of oil and oil products in different countries of the world.
The purpose of the study is to assess the current state of formation of minimum reserves of oil
and oil products in various countries of the world and Ukraine.
Methods of research. The work uses the dialectical method of scientific knowledge, the comparative
method, and the method of summarizing data.
Robot results. The article provides an assessment of the current state of creation of minimum
reserves of oil and oil products in foreign countries and Ukraine. The main problems hindering the
creation of minimum oil reserves in Ukraine are analyzed.
Results of the work. The system of sciences on the development of the economy, the economy of
enterprises, state administration and regulatory legal support for the development of enterprises in
the oil sector.
Conclusions. The Association Agreement with the EU, membership in the Energy Community
obligates the gradual implementation of EU energy legislation, which concerns the requirements of
minimum reserves of oil and petroleum products (Directive 2009/119/EC).
Application of results. The article provides an assessment of the current state of creation of
minimum reserves of oil and oil products in foreign countries and Ukraine. The main problems hindering
the creation of minimum oil reserves in Ukraine are analyzed.
Field of application of results. The system of sciences on the development of the economy,
the economy of enterprises, state administration and regulatory legal support for the development of
enterprises in the oil sector.
Conclusions. The Association Agreement with the EU, membership in the Energy Community
obligates the gradual implementation of EU energy legislation, which concerns the requirements of
minimum reserves of oil and petroleum products (Directive 2009/119/EC).
However, these documents no longer correspond to either the realities or the potential of Ukraine–
EU relations and require updating taking into account the situation in Ukraine and the international
experience of creating minimum reserves of oil and oil products.
The lack of minimum reserves of oil and oil products in Ukraine negatively affected the situation
with the provision of fuel and lubricants to the economy, which developed as a result of the full–scale
invasion of the Russian Federation into Ukraine.