[Federal Register Volume 62, Number 214 (Wednesday, November 5, 1997)]
[Notices]
[Pages 59854-59855]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-29263]


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DEPARTMENT OF ENERGY


International Energy Agency Meetings

AGENCY: Department of Energy.

ACTION: Notice of meetings.

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SUMMARY: Subject to timely enactment of legislation to reinstate the 
antitrust defense under section 252 of the Energy Policy and 
Conservation Act, the Industry Advisory Board to the International 
Energy Agency (IEA) will meet November 12-13, 1997, at the IEA's 
headquarters in Paris, France to permit attendance by representatives 
of U.S. company members of the IAB at a joint meeting of the IEA's 
Standing Group on Emergency Questions (SEQ) and the Standing Group on 
the Oil Market and at a meeting of the SEQ.

FOR FURTHER INFORMATION CONTACT: Samuel M. Bradley, Acting Assistant 
General Counsel for International and Legal Policy, Department of 
Energy, 1000 Independence Avenue, SW., Washington, DC 20585, 202-586-
6738.

SUPPLEMENTARY INFORMATION: Subject to timely enactment of legislation 
to

[[Page 59855]]

reinstate the antitrust defense under section 252 of the Energy Policy 
and Conservation Act (EPCA), the following meeting notices are 
provided, in accordance with section 252(c)(1)(A)(i) of the EPCA:
    I. A meeting of the Industry Advisory Board (IAB) to the 
International Energy Agency (IEA) will be held on November 12, 1997, at 
the headquarters of the IEA, 9, rue de la Federation, Paris, France, 
beginning at 2:30 p.m. The purpose of this meeting is to permit 
attendance by representatives of U.S. company members of the IAB at a 
joint meeting of the IEA's Standing Group on Emergency Questions (SEQ) 
and Standing Group on the Oil Market (SOM) which is scheduled to be 
held at the aforesaid location on the aforesaid date. The agenda for 
the meeting is under the control of the SEQ and the SOM. It is expected 
that they will adopt the following agenda:

1. Current Oil Market Situation
2. The 50th Anniversary of the Marshall Plan and Evolution of Oil 
Markets
    --Introduction
    --The Effect of the Marshall Plan on Oil Prices: Has the Oil Market 
Really Changed?
    --50 Years Dealing with Cycles of Optimism and Pessimism
3. The Next 50 Years? Report on the IEA Workshop on Long-Term Oil 
Supply
4. Oil Market Dynamics in Supply Emergencies

    II. A meeting of the IAB will be held on November 13, 1997, at the 
headquarters of the IEA, beginning at approximately 9:30 a.m. The 
purpose of this meeting is to permit attendance by representatives of 
U.S. company members of the IAB at a meeting of the SEQ which is 
scheduled to be held at the IEA headquarters on November 13, including 
a preparatory encounter among company representatives from 
approximately 9:15 a.m. to 9:30 a.m. The agenda for the preparatory 
encounter among company representatives is to elicit views regarding 
items on the SEQ's agenda. The agenda for the SEQ meeting is under the 
control of the SEQ. It is expected that the SEQ will adopt the 
following agenda:

1. Adoption of the Agenda
2. Approval of Summary Record of the 90th Meeting
3. SEQ Work Program
    --The 1998 SEQ Work Program
    --Organization of Emergency Response Exercise 1998
4. Policy and Legislative Developments in Member Countries
    --Energy Policy and Conservation Act (EPCA)
    --Report on DOE Strategic Petroleum Reserve Study
    --Sales by some Member Countries of Government-held stocks
    --Other Country Developments
5. Industry Advisory Board
    --Current and Planned IAB Activities
6. Long Term Strategy Issues
    --Agenda of Seminar on IEA Emergency Reserve Strategy
    --Future Strategies for IEA Emergency Reserves
7. Emergency Response Reviews of IEA Countries
    --Belgium
    --Netherlands
    --Norway
    --Sweden
    --Hungary
    --Updated Schedule of Reviews
8. Review of SEQ Work Procedures
    --Results of Survey
    --Summary and Implementation
9. Emergency Reserve Situation of IEA Countries
    --Emergency Reserve and Net Import Situation of IEA Countries on 
July 1, 1997
    --Report to the Governing Board on the IEA Emergency Reserve Issues
10. Emergency Response Issues in IEA Candidate Countries
    --The Emergency Reserve Situation of IEA Candidate Countries
11. Emergency Data System and Related Questions
    --Monthly Oil Statistics (MOS) June 1997
    --MOS July 1997
    --Base Period Final Consumption (PFC)--Q396-Q297
    --Quarterly Oil Forecast--Q397-Q298
12. Emergency Reference Guide
    --Update of Emergency Contact Points List
13. Any Other Business
    --1998 Non-Member Countries/SEQ Joint Activities relating to 
Emergency Response Issues
    --Report by Mr. Masuda on Japan National Oil Company 30th 
Anniversary Seminar
    --Other issues

    As provided in section 252(c)(1)(A)(ii) of the Energy Policy and 
Conservation Act (42 U.S.C. 6272(c)(1)(A)(ii)), these meetings are open 
only to representatives of members of the IAB and their counsel, 
representatives of members of the SEQ and the SOM, representatives of 
the Departments of Energy, Justice, and State, the Federal Trade 
Commission, the General Accounting Office, Committees of the Congress, 
the IEA, and the European Commission, and invitees of the IAB, the SEQ, 
the SOM or the IEA.

    Issued in Washington, DC, October 30, 1997.
Eric J. Fygi,
Acting General Counsel.
[FR Doc. 97-29263 Filed 11-4-97; 8:45 am]
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