JSC “MARKET OPERATOR” ENSURES TRANSPARENT DIGITAL ACCOUNTING AND CONTROL THROUGH THE ELECTRONIC REPORTING SYSTEM

The formation and accounting of minimum oil stocks is an important instrument for enhancing the resilience of the fuel market and fulfilling Ukraine’s international obligations. For this purpose, the Ministry of Energy of Ukraine, together with JSC “Market Operator”, acting as the administrator of the Electronic Reporting System (ERS), ensures transparent digital accounting and control through the ERS.

Over the course of the year, the functionality of the ERS software complex has been updated and expanded, taking into account practical experience gained by market participants. In particular, a number of new features have been implemented to simplify data handling and improve the convenience of information submission, including:

• the introduction of the ability to generate a register of documents confirming the quality of petroleum products, which may be used to facilitate the subsequent submission of reports on petroleum product volumes;

• the implementation of a consolidated overview of aggregated information on the volumes of crude oil and petroleum products reported for a selected period, enabling market participants to promptly analyse their own indicators;

• the addition of functionality allowing the submission of information on bank guarantees in order to ensure the completeness of data related to the financial security of market participants;

• the provision of access to extended analytical information on minimum oil stocks, including the total volume of minimum oil stocks created, the volume of the bank guarantee, the market value of minimum oil stocks, as well as the maximum volumes available for entry based on the volumes of minimum oil stocks created and the amount of the bank guarantee.

JSC “Market Operator” calls on participants in the oil and petroleum products market to take a more active part in the formation of minimum oil stocks, using the capabilities of the upgraded Electronic Reporting System as a tool for transparent and efficient compliance with legislative requirements on minimum oil stocks.

A video recording of the online meeting with market participants held on 29 December 2025, during which the results of the Electronic Reporting System’s operation over the year were summarised, clarifications on current issues were provided, and the updated functionality of the platform was presented, is available via the relevant link.