Refining fitness check

Francisco Caballero SanzHead of Unit, Industrial Competitiveness for Growth

DG Enterprise and Industry

First meeting of the EU Refining Forum 12 April 2013

Introduction

• - Smart regulation agenda of the Commission, "fitness checks" of policy areas since 2010

• - Industrial Policy Communication Update (October 2012) announces sectoral-horizontal exercises, including on the petroleum refining sector

Context• - EU second larger producer in the world; nearly 500 bn

turnover and 120 thousand employees• - Commission policy goal of "keeping a European

presence in domestic refining - though one that is able to adapt capacity levels to the economic realities of a mature market"

• - Difficulties of the sector – divestments and shutdowns• - Need for evidence-based assessment of cumulative

impact of EU legislation• - DG ENER and JRC conferences and roundtables

Possible scope for fitness check• - Renewables Energy Directive• - Energy Taxation Directive• - EU Emissions trading system• - Fuels Quality Directive• - Directive on Clean and Energy Efficient Vehicles• - Industrial Emissions Directive• - Strategic oil stocks directive• - Marine fuels directive• - Energy efficiency directive

Aim

1. Quantitative assessment (JRC-lead study) of impact of relevant legislation and policies on costs and expected revenues of the sector2. Qualitative assessment of effectiveness, efficiency, coherence and relevance of measures3. Conclusions and recommendations: what are the gaps, inconsistencies overlaps?

Planning

1. Dec. 12 – Apr. 13: Preparation/adoption of mandate2. May 13 – May 14: Quantitative study3. May– July 14: Qualitative evaluation4. Aug. – Sept. 14: Conclusions and final report