Industry Advisory Board (IAB)

The IAB was established by the IEA in 1974 to provide advice and consultation on emergency response issues and related oil supply/demand questions. In the event of the activation of the IEP emergency measures, the IAB is responsible, for advising on the practical execution of the emergency measures under the direct supervision of the IEA.

The IAB membership is drawn from the group of Reporting Companies. It includes about half the Reporting Companies, with all majors represented and other companies on a pragmatic basis to give adequate geographical coverage. The IAB is available permanently for consultation on issues of emergency response and to provide expertise in oil supply and logistics. During an oil supply disruption, the IAB would advise on the evolving supply situation and assist in determining the extent of any shortfall in supplies, as well as advising on the general steps necessary to minimize the effects of an interruption in oil supplies. The IAB also advises the IEA on technical procedures to be followed in measuring individual countries' stocks and it contributes to designing the tests of IEA emergency response systems. A subgroup of the IAB, the Industry Supply Advisory Group (ISAG) is available during a crisis to facilitate exchange of information on supplies.