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Switzerland

In Switzerland, all stockholding obligations are covered by industry. These reserves are kept in the country and held by the industry.

Companies wishing to import oil into Switzerland must obtain a licence granted by Carbura on behalf of the Federal Office for National Economic Supply. Carbura is a private corporation established in 1932 and operates under statutes approved by the Swiss Federation. The import licence obliges the importer to sign a stockholding contract with the Federal Office for National Economic Supply and to hold an amount of compulsory stocks proportionate to its share of total oil imports.

Ownership of these stocks remains with the importer, but control over their disposal lies with the Swiss authorities. Stockholding contracts are established individually with each importing company and specify not only the quantity and quality of the product, but also the location at which it is held. Typically, the amount of cover is targeted at 4.5 months for gasoline, diesel and heating oils, and three months for jet fuel.

Compulsory stocks in Switzerland consist only of products. They are normally co-mingled with industry operational stocks.

Swiss emergency stocks cannot be stored outside the country. Switzerland does not have any bilateral arrangements with other countries and none of its stocks are held outside federal territory. Switzerland does not permit stock ticket arrangements.

See also Closing Oil Stock Levels in days of Net Imports