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II SÉRIE - NÚMERO 37

tee. The Committee shall make proposals on appropriate changes to the Governing Board which, acting by majority, shall decide on such proposals.

Special Section ARTICLE 32

1 — Under the Special Section of the Information System, the Participating Countries shall make available to the Secretariat all information which is necessary to ensure the efficient operation of emergency measures.

2 — Each Participating Country shall take appropriate measures to ensure that all oil companies operating within its jurisdiction make such information available to it as is necessary to enable it to fulfil its obligations under paragraph 1 and under article 33.

3 — The Secretariat shall, on the basis of this information and other information available, continuously survey the supply of oil to and the consumption of oil within the group and each Participating Country.

ARTICLE 33

Under the Special Section, the Participating Countries shall, on a regular basis, make available to the Secretariat information on the precise data identified in accordance with article 34 on the following subjects:

a) Oil consumption and supply;

b) Demand restraint measures;

c) Levels of emergency reserves;

d) Availability and utilisation of transportation

facilities;

e) Current and projected levels of international

supply and demand;

f) Other subjects, as decided by the Governing

Board, acting by unanimity.

ARTICLE 3*

1 — Within 30 days of the first day of the provisional application of this Agreement, the Standing Group on Emergency Questions shall submit a report to the Management Committee identifying the precise data within the list of subjects in article 33 which are required under the Special Section to ensure the efficient operation of emergency measures and specifying the procedures for obtaining such data on a regular basis, including accelerated procedures in times of emergency.

2 — The Management Committee shall review the report and make proposals to the Governing Board which, within 30 days of the submission of the report to the Management Committee, and acting by majority, shall take the decisions necessary for the establishment and efficient operation of the Special Section.

ARTICLE 35

In preparing its report under article 34, the Standing Group on Emergency Questions shall:

Consult with oil companies to ensure that the System is compatible with industry operations;

Work out precise standards for the harmonization of the required information in order to ensure comparability of the data;

Work out procedures to ensure the confidentiality of the information.

ARTICLE 36

The Standing Group on Emergency Questions shall, on a continuing basis, review the operation of the Special Section and shall, as appropriate, report to the Management Committee. The Committee shall make proposals on appropriate changes to the Governing Board, which, acting by majority, shall decide on such proposals.

CHAPTER VI Framework for consultation with oil companies

ARTICLE 37

1 — The Participating Countries shall establish within the Agency a permanent framework for consultation within which one or more Participating Countries may, in an appropriate manner, consult with and request information from individual oil companies on all important aspects of the oil industry, and within which the Participating Countries may share among themselves on a co-operative basis the results of such consultations.

2 — The framework for consultation shall be established under the auspices of the Standing Group on the Oil Market.

3 — Within 60 days of the first day of the provisional application of this Agreement, and as appropriate thereafter, the Standing Group on the Oil Market, after consultation with oil companies, shall submit a report to the Management Committee on the procedures for such consultations. The Management Committee shall review the report and make proposals to the Governing Board, which, within 30 days of the submission of the report to the Management Committee, and acting by majority, shall decide on such procedures.

ARTICLE 38

1 — The Standing Group on the Oil Market shall present a report to the Management Committee on consultations held with any oil company within 30 days thereof.

2 — The Management Committee shall consider the report and may make proposals on appropriate cooperative action to the Governing Board, which shall decide on such proposals.

ARTICLE 39

1 — The Standing Group on the Oil Market shall, on a continuing basis, evaluate the results of the consultations with and the information collected from oil companies.

2 — On the basis of these evaluations, the Standing Group may examine and assess the international oil situation and the position of the oil industry and shall report to the Management Committee.