Decision ID: 002388

In October 1992 the 1971 Fund Assembly decided that ‘orimulsion’, a bitumen-based fuel consisting of bitumen mixed with about 30% fresh water, should be considered as falling within the definition of ‘contributing oil’ laid down in Article 1.3 of the Fund Convention. It was also decided that no allowance should be made for the water content in orimulsion in the assessment of contributions and that the inclusion of ‘orimulsion’ should not lead to any adjustment of the reported quantities of contributing oil received during 1991 or previous years. It was further agreed that the Director should seek clarification from the oil industry as to the correct nomenclature of the product known as ‘orimulsion’ and should issue a revised list of contributing oil, in which ‘orimulsion’ should be included, to feature on the reverse of the oil reporting form.

Date: 30.09.1992
Category: Application of the Conventions
Subject: Interpretation of 'contributing oil' in Article 1.3 of the 1971 and 1992 Fund Conventions