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.

All labels observed (3)

How this entity was disambiguated

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
linked to: I.E.P. Agreement
concludedInContextOf 1973–1974 oil crisis
created International Energy Agency
createdBody IEA Governing Board
IEA Standing Group on Emergency Questions
IEA Standing Group on the Oil Market
dateSigned 1974-11-18
depositary Organisation for Economic Co-operation and Development
linked to: OECD
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)
placeSigned Paris, France
linked to: Paris
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
linked to: OECD
relatedOrganization International Energy Agency
Organisation for Economic Co-operation and Development
linked to: OECD
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
International Energy Program Agreement
subjectMatter energy security
international energy cooperation
oil supply emergencies
typeOfMeasure legally binding international agreement
yearSigned 1974

How these facts were elicited

Referenced by (4)

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 Title IX – International Energy Programs
linked to: Agreement on an International Energy Program
Agreement on an International Energy Program shortName International Energy Program Agreement
linked to: Agreement on an International Energy Program