On 10 December 1979 the Governing Board of the International Energy Agency (IEA) met in Paris at ministerial level. The subject of discussion was the action to be taken to meet problems in the field of oil supply, and the implementation of the “Declaration” by the Western Summit Conference in Tokyo on this matter. On the basis of the decisions adopted during this meeting, which established, inter alia, individually identifiable oil-import ceilings, it has been remarked that the IEA had arrived at a “turning-point”. “After five years of, more or less global, non-binding arrangements, 1980 is the year in which it will have to be shown whether one can indeed arrive at a clear, more obligatory approach to the oil problem”. Whatever future developments there might be, this seems to be a good time to take a closer look at the IEA. The current war between Iraq and Iran, also re-emphasises the vulnerability of Western oil-supplies, and underlines the practical importance of the IEA. This article will deal mainly with some of the remarkable institutional aspects of the Agency, and the International Energy Program (IEP) which it manages. Before this, there will be a discussion of the background of the IEA and a short description of the core of the IEP: the crisis mechanism, and the other objectives. The article will be concluded with some observations on the relationship between the IEA and the European Communities (EC).