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OKD is the only producer of hard coal (bituminous coal) in the Czech Republic. Its coal is mined in the southern part of the Upper-Silesian coal basin – in the Ostrava-Karviná district... more »

Speaking with one voice – the key to securing our energy interests abroad

7.9.2011

Brussels, 07 September 2011 - In today's ever-changing global energy markets achieving EU energy security calls for adequate coordination at home and a strong and assertive position abroad. Today the Commission adopted a Communication on security of energy supply and international cooperation, setting out for the first time a comprehensive strategy for the EU's external relations in energy. Improved coordination among EU Member States in identifying and implementing clear priorities in external energy policy is central to the approach outlined by the Commission.

 

Commissioner for Energy Günther Oettinger said: "The EU energy policy has made real progress over the last several years. Now, the EU must extend the achievements of its large internal energy market beyond its borders to ensure the security of energy supplies to Europe and foster international energy partnerships. Therefore, the Commission proposes today a coherent approach in the energy relations with third countries. This need to improve internal coordination so that the EU and its Member States act together and speak with one voice."

 

Alongside the Communication, the Commission proposed a Decision setting up an information exchange mechanism for intergovernmental agreements in the field of energy between Member States and third countries. It will extend and complement the notification procedure already applicable to gas agreements to all forms of energy. And it will provide for an instrument to exchange information at EU level before and after negotiations with third countries. The proposed mechanism is set to strengthen the negotiating position of Member States vis-à-vis third countries, while ensuring security of supply, proper functioning of the internal market and creating legal certainty for investment.

 

Background

 

The share of imported energy in the EU – currently 80% for oil and over 60% for gas – continues to rise. National decisions and agreements with third countries have a significant impact on the development of energy infrastructure and energy supply to the EU as a whole. EU interests need to be better promoted in relations with both transit countries and energy producing countries. At the same time, new patterns of supply and demand in global energy markets and growing competition for resources also make it necessary to exercise the combined weight of the EU in external energy relations.

 

In line with the Energy 2020 strategy, today's Communication proposes to enhance the external dimension of the EU energy policy through improving transparency among EU Member States on their energy agreements with third countries, strengthening coordination when approaching partner countries, when taking position in international organisations, and when developing comprehensive energy partnerships with key partner countries.

 

The strategy lists 43 concrete actions which include notably:

 

  • Member States have to share among each other information about international agreements with third countries in the field of energy. This includes agreements which are still under negotiation. On a case-by-case basis, the Commission may provide an opinion on the conformity of these agreements with EU law and with the EU security of supply objectives.
  • Energy agreements with third countries could also be negotiated at EU level where necessary to achieve the EU core objectives. This is the case for an agreement with Azerbaijan and Turkmenistan on a Trans-Caspian gas pipeline, where a specific mandate from the Council has been requested.
  • The EU will propose a new partnership on renewable energy projects with the Southern Mediterranean countries.
  • The EU will advocate for international legally binding nuclear safety standards in multilateral discussions, including under the International Atomic Energy Agency (IAEA), and will aim to extend nuclear safety assessments to EU neighbouring countries.
  • The EU development policy will include a greater emphasis on improving access to sustainable energy for the least developed and developing countries.

 

Further information

 

More information on the external dimension of the EU energy policy and the Commission proposal can be found at:

http://ec.europa.eu/energy/international/index_en.htm


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The coal reserves are estimated to last for at least 200 to 300 years, while in the case of oil it is mere 40 to 50 years, and in the case of uranium it is roughly a century. more »
Do not miss NWR Open Mine Magazine No. 1/2012
The Company Magazine...here

NWR Open Mine Magazine No. 4/2011
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Announcement of suspected fraud

OKD, a.s., has been currently exposed to fraudulent activity by unknown individuals in Germany.
Full version of the document in English and German is here.


BUSINESS INTEGRITY POLICY

This policy was adopted by the Board of Directors of New World Resources Plc on 15 November 2011 and shall have immediate effect.
Full version of the document is here.


NWR Open Mine Magazine No. 3/2011
The Company Magazine...here

NWR Open Mine Magazine No. 2/2011
The Company Magazine...here

NWR Open Mine Magazine No. 1/2011
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Company code of ethics

The Board of Directors of OKD has adopted a Company code of ethics that is obligatory for all the employees of the firm. It defines basic values and attitudes to enterprise that OKD conforms to in the course of its business activities.

The code of ethics is not any binding rule of law or internal directive, it represents, however, a moral obligation for each employee of OKD.

Full version of the code


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Copyright © 2010 OKD, a.s.

OKD, a.s. seated Ostrava, Moravská Ostrava, Prokešovo náměstí 6/2020, Postcode  728 30,
incorporated in the Commercial Register kept by the Regional Court  in Ostrava, Section B, Inset  2900,
Identification Number: 26863154, Taxpayer Registration Number: CZ26863154.