Agreement on an International Energy Program

E543507

The Agreement on an International Energy Program is the 1974 treaty that created the International Energy Agency and established coordinated measures among industrialized countries to enhance collective energy security, including emergency oil-sharing and demand restraint mechanisms.

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All labels observed (2)

Statements (43)

Predicate Object
instanceOf founding treaty of the International Energy Agency
international treaty
multilateral energy agreement
aimedAt coordinating responses to oil supply disruptions
enhancing collective energy security
alsoKnownAs IEP Agreement NERFINISHED
concludedInContextOf 1973–1974 oil crisis
created International Energy Agency NERFINISHED
createdBody IEA Governing Board NERFINISHED
IEA Standing Group on Emergency Questions NERFINISHED
IEA Standing Group on the Oil Market NERFINISHED
dateSigned 1974-11-18
depositary Organisation for Economic Co-operation and Development NERFINISHED
enteredIntoForce 1974
established a framework for cooperation among oil-consuming countries
establishes obligations to hold emergency oil stocks
governs collective response to oil supply disruptions among participating countries
historicalSignificance first major institutionalized framework for coordinated energy security among oil-importing states
language English
French
legalBasisFor operation of the International Energy Agency
parties OECD member countries (with some exceptions) NERFINISHED
placeSigned Paris, France NERFINISHED
policyArea crisis management in energy sector
energy policy
oil market management
providesFor coordinated demand restraint measures
coordinated stockdraw of oil reserves
emergency oil-sharing mechanisms
information sharing on oil markets
regionScope OECD industrialized countries NERFINISHED
relatedOrganization International Energy Agency NERFINISHED
Organisation for Economic Co-operation and Development NERFINISHED
requires participating countries to maintain minimum oil stock levels
participating countries to reduce oil demand in emergencies
setsUp collective emergency response system for oil
shortName I.E.P. Agreement NERFINISHED
International Energy Program Agreement NERFINISHED
subjectMatter energy security
international energy cooperation
oil supply emergencies
typeOfMeasure legally binding international agreement
yearSigned 1974

Referenced by (3)

Full triples — surface form annotated when it differs from this entity's canonical label.

International Energy Agency emergency stockholding requirements basedOn Agreement on an International Energy Program
International Energy Agency establishedBy Agreement on an International Energy Program
Energy Independence and Security Act of 2007 containsTitle Agreement on an International Energy Program
this entity surface form: Title IX – International Energy Programs