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National Oil Reserves Agency Bill 2006: Report Stage (8 Nov 2006)

Bernard Durkan: It relates to policy.

National Oil Reserves Agency Bill 2006: Report Stage (8 Nov 2006)

Bernard Durkan: He does nothing.

National Oil Reserves Agency Bill 2006: Report Stage (8 Nov 2006)

Bernard Durkan: Ten years.

National Oil Reserves Agency Bill 2006: Report Stage (8 Nov 2006)

Bernard Durkan: The Minister is silent.

National Oil Reserves Agency Bill 2006: Report Stage (8 Nov 2006)

Bernard Durkan: I move amendment No. 4: In page 7, between lines 18 and 19, to insert the following: ""Standards in Public Office Commission" means the commission established by section 21 of the Ethics in Public Office Act 1995 (as amended by the Standards in Public Office Act 2001);". Having examined the Bill, the amendment is relevant and useful. I mean no disrespect to people on the boards of bodies or...

National Oil Reserves Agency Bill 2006: Report Stage (8 Nov 2006)

Bernard Durkan: That may be the case. I do not intend to detain the House all day on the subject but the amendment was prompted by experiences we have had with bodies or agencies to whom responsibilities have been devolved by the House. For example, after a person serves on a board such as NORA, he or she could make available vital and sensitive information to other bodies, groups or agencies. I will not...

National Oil Reserves Agency Bill 2006: Report Stage (8 Nov 2006)

Bernard Durkan: I accept the Minister's admission that there is a need for a wider debate.

National Oil Reserves Agency Bill 2006: Report Stage (Resumed) (8 Nov 2006)

Bernard Durkan: I move amendment No. 5: In page 8, line 6, after "transfer" to insert "to him or her". The Minister previously gave an indication that the male description in a case of this nature was adequate, so I will withdraw the amendment.

National Oil Reserves Agency Bill 2006: Report Stage (Resumed) (8 Nov 2006)

Bernard Durkan: I move amendment No. 6: In page 8, line 8, to delete "to the Minister". This amendment has the same theme that I have been pursuing in a number of other areas. I would like to hear the Minister's comment on it and on amendment No. 7.

National Oil Reserves Agency Bill 2006: Report Stage (Resumed) (8 Nov 2006)

Bernard Durkan: I move amendment No. 7: In page 8, lines 12 to 14, to delete all words from and including "transfers" in line 12 down to and including "Minister" in line 14 and substitute the following: "shall transfer to the Minister, the share owned by it in the National Oil Reserves Agency Limited". I will not press this amendment but what the Minister says is debatable — doctors differ and patients...

National Oil Reserves Agency Bill 2006: Report Stage (Resumed) (8 Nov 2006)

Bernard Durkan: I move amendment No. 8: In page 8, line 34, to delete "maintaining" and substitute "maintaining,". Amendments Nos. 8 to 10, inclusive, concern an issue not addressed hitherto. I can anticipate the Minister's reply but, at the same time, I respectfully suggest that the text be amended in that fashion.

National Oil Reserves Agency Bill 2006: Report Stage (Resumed) (8 Nov 2006)

Bernard Durkan: I feel obliged to respond positively to the Minister's magnanimity. I thank him for taking amendments Nos. 8 and 9 on board and I am happy not to move amendment No. 10. I tabled it because the situation can change dramatically in a very short space of time, something that would be particularly true if there were an energy crisis. For that reason, I felt that it might be useful to the...

National Oil Reserves Agency Bill 2006: Report Stage (Resumed) (8 Nov 2006)

Bernard Durkan: I move amendment No. 9: In page 8, line 34, to delete "Part 4" and substitute "Part 4,".

National Oil Reserves Agency Bill 2006: Report Stage (Resumed) (8 Nov 2006)

Bernard Durkan: I move amendment No. 11: In page 9, between lines 5 and 6, to insert the following: "(f) monitoring the Irish oil industry and market and work in conjunction with the Commission for Energy Regulation and the Competition Authority to ensure an open, competitive and transparent market.". The amendment is self-explanatory, but it might do no harm if the Minister gave the House the benefit of his...

National Oil Reserves Agency Bill 2006: Report Stage (Resumed) (8 Nov 2006)

Bernard Durkan: I move amendment No. 12: In page 9, line 15, after "oil" to insert ", in accordance with market indicators". It is necessary to take account of market indicators. That is not second-guessing anyone, since it is a simple fact that projections must have due regard to market indicators regarding purchasing and sales. To insert it in the section in this way is effective and necessary. I would...

National Oil Reserves Agency Bill 2006: Report Stage (Resumed) (8 Nov 2006)

Bernard Durkan: We were under pressure.

National Oil Reserves Agency Bill 2006: Report Stage (Resumed) (8 Nov 2006)

Bernard Durkan: Amendment No. 11 is gone, but I moved it on the Deputy's behalf.

National Oil Reserves Agency Bill 2006: Report Stage (Resumed) (8 Nov 2006)

Bernard Durkan: The Minister accepted amendments Nos. 8 and 9. I was totally floored by his generosity.

National Oil Reserves Agency Bill 2006: Report Stage (Resumed) (8 Nov 2006)

Bernard Durkan: I understand what the Minister is saying but my intention is to give the agency an edge somewhat similar to that which applies to the NTMA. The role NORA will play in the fuel industry is similar to that played by the NTMA. The amendment merely seeks to sharpen the focus in respect of the provisions of the Bill and the functions of the agency. If the country had adequate storage capacity,...

National Oil Reserves Agency Bill 2006: Report Stage (Resumed) (8 Nov 2006)

Bernard Durkan: I move amendment No. 13: In page 9, line 19, to delete "develop" and substitute "develop,". Each of these are technical amendments. Amendment No. 13 is the usual type of technical amendment that the Minister likes. Amendment No. 15 is somewhat similar — a change of words with a resulting change of emphasis. Amendments Nos. 13 and 14 are self-explanatory, while amendment No. 15, likewise,...

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