Tommy Broughan (Dublin North East, Labour)

It is important to include a reference to the market. I am seeking to strengthen that in amendment No. 18, which was discussed earlier and which relates to the maintenance of the optimum level of stocks. We engaged in a lengthy discussion on Committee Stage regarding the level of stocks held on the island. If I recall correctly, the Minister indicated that 108 or 109 days' worth of oil are currently held here. The European Union introduced a 90-day rule and it is possible to hold as much as 120 days' worth of oil. In the interests of ensuring that the optimum level of stocks held on this island — either by NORA or the oil companies, such as Topaz and others — are catered for under the key objectives and functions of the agency, Deputy Durkan's amendment is important.

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