NORA

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The National Oil Reserves Agency (NORA) was established in 1995 as a subsidiary of the Irish National Petroleum Corporation Limited (INPC). The National Oil Reserves Agency Act 2007 has established NORA as a State Agency under the aegis of the Department of Communications, Energy and Natural Resources. NORA is the State Agency responsible for the holding of national strategic oil stocks at a level determined annually by the Minister for Communications, Energy and Natural Resources. Such stocks may be held directly by the Agency itself or on its behalf by third parties in Ireland and/or in EU Member States with whom Ireland has concluded a Bilateral Oil Stockholding Agreement.

Financial Data

31st Dec 20 Source: CRO
- €120.7 million turnover
- €34.6 million profit
- 6 employees
31st Dec 19 Source: CRO
- €133.4 million turnover
- €100.9 million profit
- 6 employees
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