Economic dynamics of exporting countries and restructuring their oil industries

International Nuclear Information System (INIS)

De La Vega Navarro, A.

1994-01-01

The author analyses the re-organization of oil industries in exporting countries. The approach takes internal and external dynamics of these countries' economic crisis into account. It finally makes proposals with a view to a different consistency for the economic development of these countries. This could include a change from pure ''exporting countries'' to ''countries that (among other activities) export oil'' and which will not be conditioned by the incertitude of the international oil market. This in turn means that public oil companies will have to replace thinking in terms of oil rents and assume their industrial and productive role on both national and international levels. (Author). 21 refs., 1 tab

The Asymmetric Effects of Oil Shocks on an Oil-exporting Economy

OpenAIRE

Omar Mendoza; David Vera

2010-01-01

We estimate the effects of unexpected changes in oil prices on output for the case of Venezuela, an oil-exporting economy. Following Hamilton (2003), Lee et al. (1995), and Mork (1989), we estimate measures of oil shocks and determine the effect of these

Exploring crude oil production and export capacity of the OPEC Middle East countries

International Nuclear Information System (INIS)

Matsumoto, Ken'ichi; Voudouris, Vlasios; Stasinopoulos, Dimitrios; Rigby, Robert; Di Maio, Carlo

2012-01-01

As the world economy highly depends on crude oil, it is important to understand the dynamics of crude oil production and export capacity of major oil-exporting countries. Since crude oil resources are predominately located in the OPEC Middle East, these countries are expected to have significant leverage in the world crude oil markets by taking into account a range of uncertainties. In this study, we develop a scenario for crude oil export and production using the ACEGES model considering uncertainties in the resource limits, demand growth, production growth, and peak/decline point. The results indicate that the country-specific peak of both crude oil export and production comes in the early this century in the OPEC Middle East countries. On the other hand, they occupy most of the world export and production before and after the peak points. Consequently, these countries are expected to be the key group in the world crude oil markets. We also find that the gap between the world crude oil demand and production broadens over time, meaning that the acceleration of the development of ultra-deep-water oil, oil sands, and extra-heavy oil will be required if the world continuous to heavily rely on oil products. - Highlights: ► We simulate the future scenario of crude oil export and production using ACEGES. ► The simulated results are analyzed using the GAMLSS framework. ► The peak points of oil export and production will come early in this century. ► The OPCE Middle East will produce most of the world crude oil in the near future. ► These countries will continuously be the key players in the crude oil markets.

Carbon footprint of premium quality export bananas: case study in Ecuador, the world's largest exporter.

Science.gov (United States)

Iriarte, Alfredo; Almeida, Maria Gabriela; Villalobos, Pablo

2014-02-15

Nowadays, the new international market demands challenge the food producing countries to include the measurement of the environmental impact generated along the production process for their products. In order to comply with the environmentally responsible market requests the measurement of the greenhouse gas emissions of Ecuadorian agricultural goods has been promoted employing the carbon footprint concept. Ecuador is the largest exporter of bananas in the world. Within this context, this study is a first assessment of the carbon footprint of the Ecuadorian premium export banana (Musa AAA) using a considerable amount of field data. The system boundaries considered from agricultural production to delivery in a European destination port. The data collected over three years permitted identifying the hot spot stages. For the calculation, the CCaLC V3.0 software developed by the University of Manchester is used. The carbon footprint of the Ecuadorian export banana ranged from 0.45 to 1.04 kg CO2-equivalent/kg banana depending on the international overseas transport employed. The principal contributors to the carbon footprint are the on farm production and overseas transport stages. Mitigation and reduction strategies were suggested for the main emission sources in order to achieve sustainable banana production. Copyright © 2013 Elsevier B.V. All rights reserved.

Exporting Alaskan North Slope crude oil: Benefits and costs

Energy Technology Data Exchange (ETDEWEB)

1994-06-01

The Department of Energy study examines the effects of lifting the current prohibitions against the export of Alaskan North Slope (ANS) crude. The study concludes that permitting exports would benefit the US economy. First, lifting the ban would expand the markets in which ANS oil can be sold, thereby increasing its value. ANS oil producers, the States of California and Alaska, and some of their local governments all would benefit from increased revenues. Permitting exports also would generate new economic activity and employment in California and Alaska. The study concludes that these economic benefits would be achieved without increasing gasoline prices (either in California or in the nation as a whole). Lifting the export ban could have important implications for US maritime interests. The Merchant Marine Act of 1970 (known as the Jones Act) requires all inter-coastal shipments to be carried on vessels that are US-owned, US-crewed, and US-built. By limiting the shipment of ANS crude to US ports only, the export ban creates jobs for the seafarers and the builders of Jones Act vessels. Because the Jones Act does not apply to exports, however, lifting the ban without also changing US maritime law would jeopardize the jobs associated with the current fleet of Jones Act tankers. Therefore the report analyzes selected economic impacts of several maritime policy alternatives, including: Maintaining current law, which allows foreign tankers to carry oil where export is allowed; requiring exports of ANS crude to be carried on Jones Act vessels; and requiring exports of ANS crude to be carried on vessels that are US-owned and US-crewed, but not necessarily US-built. Under each of these options, lifting the export ban would generate economic benefits.

Exporting Alaskan North Slope crude oil: Benefits and costs

International Nuclear Information System (INIS)

1994-06-01

The Department of Energy study examines the effects of lifting the current prohibitions against the export of Alaskan North Slope (ANS) crude. The study concludes that permitting exports would benefit the US economy. First, lifting the ban would expand the markets in which ANS oil can be sold, thereby increasing its value. ANS oil producers, the States of California and Alaska, and some of their local governments all would benefit from increased revenues. Permitting exports also would generate new economic activity and employment in California and Alaska. The study concludes that these economic benefits would be achieved without increasing gasoline prices (either in California or in the nation as a whole). Lifting the export ban could have important implications for US maritime interests. The Merchant Marine Act of 1970 (known as the Jones Act) requires all inter-coastal shipments to be carried on vessels that are US-owned, US-crewed, and US-built. By limiting the shipment of ANS crude to US ports only, the export ban creates jobs for the seafarers and the builders of Jones Act vessels. Because the Jones Act does not apply to exports, however, lifting the ban without also changing US maritime law would jeopardize the jobs associated with the current fleet of Jones Act tankers. Therefore the report analyzes selected economic impacts of several maritime policy alternatives, including: Maintaining current law, which allows foreign tankers to carry oil where export is allowed; requiring exports of ANS crude to be carried on Jones Act vessels; and requiring exports of ANS crude to be carried on vessels that are US-owned and US-crewed, but not necessarily US-built. Under each of these options, lifting the export ban would generate economic benefits

The effect of oil revenues instability on the oil-based and labor-exporting economies: The case of the Arab region

International Nuclear Information System (INIS)

Al-Abbasi, M.A.

1991-01-01

The changes in the trend of the oil-export earnings in the oil-based economics not only affected the growth of the domestic economics not only affected the growth of the domestic economies but influenced the economic activities in the neighboring labor-exporting economies. This study investigates and tests the hypothesis that uncertainty associated with fluctuations in oil-export earnings affect adversely the economic growth in the oil-based economies of the Middle East. In addition, it seeks to examine the hypothesis that the impact of such fluctuations has been transmitted to the neighboring labor-exporting economies, during the period 1970-1986. Results show that oil-export instability does indeed create a wave of fluctuations in the domestic economic activity of the oil-based economies through the negative effect on investment, government spending, and domestic output. For the labor-exporting economies, results suggest that the flow of workers' remittances have had a positive impact on investment and income growth. Results also indicate that the rate of economic growth in the oil-based economies sets a broad limit on the range of feasible growth in the labor-exporting economies

Implications of lifting the ban on the export of Alaskan crude oil

Energy Technology Data Exchange (ETDEWEB)

1990-03-26

Present legislation effectively bans the export of crude oil produced in the United States. The ban has been in effect for years and is particularly stringent with respect to crude oil produced in Alaska, particularly on the North Slope. The Alaska crude export ban is specifically provided for in the Trans-Alaska Pipeline Authorization Act of 1973 and in other legislation. It was imposed for two reasons. The first was to reduce US dependence on imported crude oil. The Arab oil embargo had been imposed shortly before the Act was passed and a greater measure of energy independence was considered imperative at that time. The second reason was to assure that funds expended in building an Alaskan pipeline would benefit domestic users rather than simply employed to facilitate shipments to other countries. The main objective of this report is to estimate the potential impacts on crude oil prices that would result from lifting the export ban Alaskan crude oil. The report focuses on the Japanese market and the US West Coast market. Japan is the principal potential export market for Alaskan crude oil. Exports to that market would also affect the price of Alaskan crude oil as well as crude oil and product prices on the West Coast and the volume of petroleum imported in that area. 3 figs., 8 tabs.

Energy substitution in oil-exporting LDC's the Indonesian experience

Energy Technology Data Exchange (ETDEWEB)

Rose, A.; Soelistijo, U. (Pennsylvania State University, University Park (USA). Dept. of Mineral Economics)

1989-02-01

Many oil-exporting LDCs defy the stereotype of an OPEC country with an excess of oil reserves for current and future needs. In this paper it is suggested that serious consideration be given to the substitution of other fossil energy resources for oil used domestically in order to release more oil for export. This will generate more foreign exchange and extend the life of the reserve base. A coal-oil substitution programme for Indonesia is presented and analysed to illustrate the economic development benefits of this strategy. 11 refs., 1 fig., 4 tabs.

Oil prices, fiscal policy, and economic growth in oil-exporting countries

Science.gov (United States)

El-Anshasy, Amany A.

This dissertation argues that in oil-exporting countries fiscal policy could play an important role in transmitting the oil shocks to the economy and that the indirect effects of the changes in oil prices via the fiscal channel could be quite significant. The study comprises three distinct, yet related, essays. In the first essay, I try to study the fiscal policy response to the changes in oil prices and to their growing volatility. In a dynamic general equilibrium framework, a fiscal policy reaction function is derived and is empirically tested for a panel of 15 oil-exporters covering the period 1970--2000. After the link between oil price shocks and fiscal policy is established, the second essay tries to investigate the impact of the highly volatile oil prices on economic growth for the same sample, controlling for the fiscal channel. In both essays the study employs recent dynamic panel-data estimation techniques: System GMM. This approach has the potential advantages of minimizing the bias resulting from estimating dynamic panel models, exploiting the time series properties of the data, controlling for the unobserved country-specific effects, and correcting for any simultaneity bias. In the third essay, I focus on the case of Venezuela for the period 1950--2001. The recent developments in the cointegrating vector autoregression, CVAR technique is applied to provide a suitable framework for analyzing the short-run dynamics and the long-run relationships among oil prices, government revenues, government consumption, investment, and output.

Lifting the US crude oil export ban: A numerical partial equilibrium analysis

International Nuclear Information System (INIS)

Langer, Lissy; Huppmann, Daniel; Holz, Franziska

2016-01-01

The upheaval in global crude oil markets and the boom in shale oil production in North America brought scrutiny on the US export ban for crude oil from 1975. The ban was eventually lifted in early 2016. This paper examines the shifts of global trade flows and strategic refinery investments in a spatial, game-theoretic partial equilibrium model. We consider detailed oil supply chain infrastructure with multiple crude oil types, distinct oil products, as well as specific refinery configurations and modes of transport. Prices, quantities produced and consumed, as well as infrastructure and refining capacity investments are endogenous to the model. We compare two scenarios: an insulated US crude oil market, and a counter-factual with lifted export restrictions. We find a significant expansion of US sweet crude exports with the lift of the export ban. In the US refinery sector, more (imported) heavy sour crude is transformed. Countries importing US sweet crude gain from higher product output, while avoiding costly refinery investments. Producers of heavy sour crude (e.g. the Middle East) are incentivised to climb up the value chain to defend their market share and maintain their dominant position. - Highlights: • We study the impacts of lifting the US crude ban on global oil flows and investments. • We find massive expansion of US sweet crude oil exports. • We analyze the resulting welfare effects for US producers, refiners and consumers. • We indicate the changes on global trade patterns. • We conclude that lifting the ban is the right policy for the US and the global economy.

Energy consumption and economic growth: The case of oil exporting countries

International Nuclear Information System (INIS)

Mehrara, Mohsen

2007-01-01

This paper examines the causal relationship between the per capita energy consumption and the per capita GDP in a panel of 11 selected oil exporting countries by using panel unit-root tests and panel cointegration analysis. The results show a unidirectional strong causality from economic growth to energy consumption for the oil exporting countries. The findings have practical policy implications for decision makers in the area of macroeconomic planning. In most major oil exporting countries, government policies keep domestic prices bellow free market level, resulting in high levels of domestic energy consumption. The results imply that the energy conservation through reforming energy price policies has no damaging repercussions on economic growth for this group of countries. (author)

Largest US oil and gas fields, August 1993

Energy Technology Data Exchange (ETDEWEB)

1993-08-06

The Largest US Oil and Gas Fields is a technical report and part of an Energy Information Administration (EIA) series presenting distributions of US crude oil and natural gas resources, developed using field-level data collected by EIA`s annual survey of oil and gas proved reserves. The series` objective is to provide useful information beyond that routinely presented in the EIA annual report on crude oil and natural gas reserves. These special reports also will provide oil and gas resource analysts with a fuller understanding of the nature of US crude oil and natural gas occurrence, both at the macro level and with respect to the specific subjects addressed. The series` approach is to integrate EIA`s crude oil and natural gas survey data with related data obtained from other authoritative sources, and then to present illustrations and analyses of interest to a broad spectrum of energy information users ranging from the general public to oil and gas industry personnel.

Largest US oil and gas fields, August 1993

International Nuclear Information System (INIS)

1993-01-01

The Largest US Oil and Gas Fields is a technical report and part of an Energy Information Administration (EIA) series presenting distributions of US crude oil and natural gas resources, developed using field-level data collected by EIA's annual survey of oil and gas proved reserves. The series' objective is to provide useful information beyond that routinely presented in the EIA annual report on crude oil and natural gas reserves. These special reports also will provide oil and gas resource analysts with a fuller understanding of the nature of US crude oil and natural gas occurrence, both at the macro level and with respect to the specific subjects addressed. The series' approach is to integrate EIA's crude oil and natural gas survey data with related data obtained from other authoritative sources, and then to present illustrations and analyses of interest to a broad spectrum of energy information users ranging from the general public to oil and gas industry personnel

Exports, government size and economic growth (Evidence from Iran as a developing oil-export based economy)

NARCIS (Netherlands)

S.F. Dizaji (Sajjad Faraji)

2012-01-01

textabstractIn this study, I investigate the short run and long run effects of government size and exports on the economic growth of Iran as a developing oil export based economy for the period of 1974 to 2008. For this purpose I use the bounds testing approach to cointegration and error correction

The Emergence of an Export Cluster

DEFF Research Database (Denmark)

Giacomin, Valeria

2018-01-01

Malaysia and Indonesia account for 90 percent of global exports of palm oil, forming one of the largest agricultural clusters in the world. This article uses archival sources to trace how this cluster emerged from the rubber business in the era of British and Dutch colonialism. Specifically...

The rapid growth of domestic oil consumption in Saudi Arabia and the opportunity cost of oil exports foregone

International Nuclear Information System (INIS)

Gately, Dermot; Al-Yousef, Nourah; Al-Sheikh, Hamad M.H.

2012-01-01

We analyze the rapid growth of Saudi Arabia's domestic oil consumption, a nine-fold increase in 40 years, to nearly 3 million barrels per day, about one-fourth of production. Such rapid growth in consumption – 5.7% annually, which is 37% faster than its income growth of 4.2% – will challenge Saudi Arabia's ability to increase its oil exports, which are relied upon in long-term world oil projections by the International Energy Agency (IEA), US Department of Energy (DOE) and British Petroleum (BP). However, these institutions assume unprecedented slowdowns in Saudi oil consumption – from 5.7% annual growth historically to less than 2% in the future – allowing them to project increases in Saudi oil exports. Using 1971–2010 data, we estimate that the income responsiveness (elasticity) of oil consumption is at least 1.5—using both Ordinary Least Squares regression and Cointegration methods. We believe that continued high growth rates for domestic oil consumption are more likely than the dramatic slowdowns projected by IEA, DOE and BP. This will have major implications for Saudi production and export levels. - Highlights: ► We analyze the rapid growth of Saudi Arabia's domestic oil consumption, now one-fourth of production. ► Estimated income elasticity of oil demand at least 1.5, using OLS and Co-integration. ► Yet IEA, DOE and BP project unprecedented slowdowns, from 5.7% historically to below 2%, half the rate of income growth. ► Continued high growth rates are more likely, with major implications for Saudi production and export levels.

Uranium exports could match oil imports

International Nuclear Information System (INIS)

McIntyre, H.C.

1977-01-01

Apart from a temporary embargo while safeguards are negotiated, the Canadian government limits uranium exports so as to guarantee fuel for every Canadian reactor built or planned for 30 years. On the basis of present known reserves of 172 Gg of 'cheap' U 3 O 8 and 33 of 'dear', that would mean phasing out exports after the mid 1980's, but probably much more 'dear' uranium remains to be discovered. Provincial taxation and restrictions on foreign ownership may be limitations. Discoveries range over eleven areas, but production capacity at present is 14190 Mg/d from Ontario and 3400 from Saskatchewan, with 8800 mothballed and 4860 planned or being rehabilitated. The price has jumped to $95/kg, so that uranium exports may cover half the cost of oil imports. All producers use sulfuric acid leaching, except Eldorado, which uses carbonate leaching; a process using tertiary amine is being developed. Development of the organic-cooled Th/ 233 U fuelled reactor may greatly extend fuel resources. (N.D.H.)

Revisiting the impacts of oil price increases on monetary policy implementation in the largest oil importers

Directory of Open Access Journals (Sweden)

Nurtac Yildirim

2015-06-01

Full Text Available The aim of this paper is to test the impacts of oil price increases on monetary policy implementation in the largest oil importers. For that purpose, we estimate structural vector error correction (SVEC models to show the impacts of oil price increases on industrial production, consumer prices and immediate interest rates which are the elements of Taylor rule for the four largest oil importers (the USA, the EU, China and Japan. Our results indicate that oil price increases transmit to output and inflation and lead to fluctuations in industrial production, consumer prices and immediate interest rates which in turn influence the monetary policy stance in the following periods. The basic conclusion of research is that the channels through which oil prices affect output, inflation and interest rates should be identified by the monetary policy authorities of the USA, the EU, China and Japan. We also emphasize the importance of the determination of the optimal monetary policy framework to eliminate the negative consequences of oil price increases.

Statistical properties of country risk ratings under oil price volatility: Evidence from selected oil-exporting countries

International Nuclear Information System (INIS)

Liu, Chang; Sun, Xiaolei; Chen, Jianming; Li, Jianping

2016-01-01

This paper focuses on the application of panel models for identification and analysis of influence of oil price volatility on statistical properties of country risk ratings which stem from uncertainty of macroeconomic fluctuations. Firstly, two statistical properties of country risk ratings, volatility clustering and asymmetrical revision were identified in a theoretical framework based on Cruces (2006). Secondly, considering the oil price volatility, numerical experiments were conducted based on extended models to test and verify specific properties of country risk ratings in selected oil-exporting countries. Empirical results suggest that properties of country risk remain comparatively steady despite oil price volatility. It is also found that the oil price volatility can obviously exaggerate the country risk volatility, as it happened during 2007–2009. Country clustering based on the properties of country risk ratings shows that the selected countries maintain a significant clustering tendency. These features are of great importance for estimating risk exposure of international trade and investments in oil export during extreme situations. - Highlights: •Relationship between oil price volatility and country risk is the focus. •An extended model based on Cruces (2006) is proposed. •Volatility clustering and asymmetrical revision of country risk ratings is explored. •Oil price volatility can obviously exaggerate properties of country risk volatility.

The world's largest LNG producer's next market

International Nuclear Information System (INIS)

Fuller, R.; Isworo Suharno; Simandjuntak, W.M.P.

1996-01-01

The development of the domestic gas market in Indonesia, the world's largest liquefied natural gas producing country, is described as part of the overall impact of the country's oil and gas production. The first large scale use of natural gas in Indonesia was established in 1968 when a fertiliser plant using gas as the feedstock was built. Ultimately, through increased yields, this has enabled Indonesia to be self-sufficient in rice and an exporter of fertiliser. Problems which stand in the way of further developments include: capital, though Pertamina and PGN are perceived as attractive for foreign investment; the lack of a regulatory framework for gas; geographical constraints, among them the fact that the gas deposits are remote from the largest population concentrations; lack of infrastructure. There are nevertheless plans for expansion and the provision of an integrated gas pipeline system. Pertamina, which has responsibility for all oil and gas developments, and PGN, whose primary role has been as a manufacturer and distributor of gas, are now working together in the coordination of all gas activities. (10 figures). (UK)

Non oil exports finance and economic development in Saudi Arabia

OpenAIRE

Alsakran, Abdullah

2014-01-01

This thesis was submitted for the degree of Doctor of Philosophy and awarded by Brunel University Oil is an important part of the Saudi economy. With the volatility of oil prices and the pressing needs of economic growth and development, the Saudi Arabian government has planned to diversify its sources of income. To this end, the majority of effort has focused on developing the non-oil export sectors, particularly in manufacturing. Despite government efforts to enhance the ratio of non-...

Price and Income Elasticities of Russian Exports

Directory of Open Access Journals (Sweden)

Bernardina Algieri

2004-12-01

Full Text Available The paper gauges export demand elasticities for Russia using an Error Correction technique within a cointegration framework. An extended version of the Imperfect Substitutes Model has been implemented to estimate the sensitivity of Russian exports without oil components to price and to Russian and world income. Our results suggest a robust and negative long run cointegration relationship between the real effective exchange rate, defined as the weighted average of the rouble’s exchange rates versus a basket of the three currencies with the largest share in the trade turnover adjusted to incorporate inflation rate differences (the ratio of the domestic price indices to the foreign price indices, and Russian exports. An increase in exports by 24% is caused by a real depreciation by 10%. Furthermore, a 10% growth in world income leads to a 33% rise in exports. Finally, exports drop by 14% whenever a 10% increase in domestic income occurs

The asymmetric relationship between oil revenues and economic activities: The case of oil-exporting countries

International Nuclear Information System (INIS)

Mehrara, Mohsen

2008-01-01

This paper examines the nonlinear or asymmetric relationship between oil revenues and output growth in oil-exporting countries, applying a dynamic panel framework and two different measures of oil shocks. The main results in this paper confirm the stylized facts that in heavily oil-dependent countries lacking the institutional mechanisms de-linking fiscal expenditure from current revenue, oil revenue shocks tend to affect the output in asymmetric and nonlinear ways. The findings suggest that output growth is adversely affected by the negative oil shocks, while oil booms or the positive oil shocks play a limited role in stimulating economic growth. The findings have practical policy implications for decision makers in the area of macroeconomic planning. The use of stabilization and savings funds and diversification of the real sector seems crucial to minimize the harmful effects of oil booms and busts

Economic Exposure to Oil Price Shocks and the Fragility of Oil-Exporting Countries

Directory of Open Access Journals (Sweden)

Toon Vandyck

2018-04-01

Full Text Available From a price range between 100 and 120 USD (U.S. dollars per barrel in 2011–2014, the crude oil price fell from mid-2014 onwards, reaching a level of 26 USD per barrel in January 2016. Here we assess the economic consequences of this strong decrease in the oil price. A retrospective analysis based on data of the past 25 years sheds light on the vulnerability of oil-producing regions to the oil price volatility. Gross domestic product (GDP and government revenues in many Gulf countries exhibit a strong dependence on oil, while more diversified economies improve resilience to oil price shocks. The lack of a sovereign wealth fund, in combination with limited oil reserves, makes parts of Sub-Saharan Africa particularly vulnerable to sustained periods of low oil prices. Next, we estimate the macroeconomic impacts of a 60% oil price drop for all regions in the world. A numerical simulation yields a global GDP increase of roughly 1% and illustrates how the regional impact on GDP relates to oil export dependence. Finally, we reflect on the broader implications (such as migration flows of macroeconomic responses to oil prices and look ahead to the challenge of structural change in a world committed to limiting global warming.

Tail dependence between oil and stocks of major oil-exporting countries using the CoVaR approach

Directory of Open Access Journals (Sweden)

Nader Trabelsi

2017-12-01

Full Text Available This paper investigates the negative tail risk dependence between oil shocks and stock indices (at aggregated and desegregated levels for Saudi Arabia (KSA, United Arab Emirates (UAE and Russia, over the period between 2007 and 2016. DCC-MGARCH approach and CoVaR measure are employed to assess the oil shock exposure. The results show that the tail dependence is significant and depends on the origin of the oil shocks, with intensity that varies across countries and sectors. Keywords: Oil price shocks, Oil-exporting countries, Conditional VaR, JEL Classification: C58, G11, Q4

Russia vows to end oil export tax

International Nuclear Information System (INIS)

Beck, R.J.

1992-01-01

This paper reports that Russia will eliminate its oil export tax by 1994 and until then will allow some exemptions, Russian officials have assured a group of US tax specialists. They stopped short of saying it would be repealed by the end of the year, the Ken Crawford, a member of a Tax Foundation delegation visiting Russia and managing partner of KPMG Peat Marwick's Moscow office. The export tax was one of several tax related Russian economic issues on which the US experts and Russian officials exchanged views early this month. The 15 member delegation was in Moscow on invitation from Russia's Ministry of Finance and State Committee on Taxation to help develop guidelines for laws governing Russia's taxation of foreign investment. The US group was sponsored by the Tax Foundation, Washington, DC, a nonprofit, nonpartisan tax and fiscal policy research and public education group

An economic Manifesto for the oil exporting countries of the Persian Gulf

Directory of Open Access Journals (Sweden)

Hossein Askari

2006-12-01

Full Text Available The oil-exporting countries of the Persian Gulf have failed economically and socially. It is time for a radical new approach to managing oil revenues while oil and gas reserves last. We propose an approach to cut the level of oil revenues available to governments to zero while incorporating a formal “Oil Fund for All Generations”. Others have proposed and implemented oil funds but in our proposal the government would (in time lose all access to oil revenues; by taking easy money away from governments and rulers, the likelihood of waste, corruption and wars will be reduced, and there will be better chance of adopting and implementing rational economic policies to enhance equity across generations.

Major oil exporters may profit rather than lose, in a carbon-constrained world

International Nuclear Information System (INIS)

Persson, Tobias A.; Azar, C.; Johansson, D.; Lindgren, K.

2007-01-01

The Organization of Petroleum Exporting Countries (OPEC) claims compensation for losses in expected oil export revenues due to CO 2 mitigation measures in developing countries. These losses are expected for two primary reasons: a reduction in the consumption of oil in importing countries and a reduction in the producer price of oil (taxation in an importing country implies a transfer of rents from producers to consumers). So far, most studies have focused on these two mechanisms and corroborated that revenue losses for OPEC are to be expected. However, there are also mechanisms that may be expected to raise the price of oil products. In a cost-effective regime for dealing with climate change, i.e., a regime in which all or most countries participate and in which the same carbon price is applied on all carbon-emitting activities, the cost of using unconventional oil, or synthetic diesel from coal, will increase even more than the cost of using conventional oil. Given that reserves of conventional oil are expected to dwindle over time, heavy oils and coal to liquids might set the long-run price for liquid fuels, which means that the price of oil would increase beyond the carbon fee; i.e., the rent on conventional oil would increase. We use an energy-economic optimization model to analyze these three mechanisms. We find that the net present value of OPEC revenue from conventional oil increases slightly (at most by 4 percent) with a global CO 2 restriction regime. We also consider conditions under which this result does not hold

sustainable management of nigeria's oil wealth: legal challenges ...

African Journals Online (AJOL)

RAYAN_

link that may exist between oil resource and economic development, there is the .... examine the impact of revenue allocation on the sustainable management of ... Nigeria, the biggest oil exporter with the largest natural gas reserves in. Africa24 and ..... Issues' (PhD dissertation, the Law of the Sea and Maritime Law Institute,.

The dirty oil card and Canadian foreign policy

International Nuclear Information System (INIS)

Chastko, P.

2010-10-01

This paper discussed Canada's oil sands industry in relation to its international reputation as the source of an unacceptable amount of pollution. Environmental lobbyists and awareness groups have targeted Canada's oil sands industry as an example of how the oil industry contributes to pollution during the production phase. Media attention has focused on the oil sands as a heavy grade of crude oil that requires significant upgrading and refining before it can be produced as a barrel of usable oil. Canadian exports of oil sands to the United States have been the target of consumer boycotts and proposed legislation. A lack of available alternative energy sources and infrastructure for the transportation sector, and the continued global demand for petroleum mean that oil sands will continue to be exported to the United States as well as to other export markets such as China and India. The United States is likely to remain the largest importer of Canadian crude oils. However, policy-makers must ensure that the discourse about oil sands does not devolve into an argument in which energy security is pitted against the need for increased environmental protection. 49 refs.

The effects of oil shocks on government expenditures and government revenues nexus in Iran (as a developing oil-export based economy)

NARCIS (Netherlands)

S.F. Dizaji (Sajjad Faraji)

2012-01-01

textabstractThe main purpose of this study is to investigate the dynamic relationship between government revenues and government expenditures in Iran as a developing oil export based economy. Moreover, I want to know how government expenditures and revenues respond to oil price (revenue) shocks. I

Oil price shocks: Sectoral and dynamic adjustments in a small-open developed and oil-exporting economy

International Nuclear Information System (INIS)

Dissou, Yazid

2010-01-01

The recent uptrend in oil prices represents both an opportunity and a challenge for small-open developed and oil-exporting countries. Using Canada as a study case and in contrast to most studies that use aggregate models, this paper employs a multi-sector, intertemporal general equilibrium model to provide perspectives on the sectoral, aggregate and dynamic adjustments of a sustained increase in oil prices. It highlights the transmission channels through which the rise in oil prices affects the domestic economy. The simulation results suggest that the shock would have positive aggregate impacts, but would also spur the reallocation of resources and would therefore induce disparities in sectoral adjustments. The suggested contraction in some industries could not however be attributed to a pure Dutch disease phenomenon because of, among other factors, the cost-push effect induced by the increase in oil prices.

The Importance of Target Market Selection for More Profitable Olive Oil Exports by Turkey: A Case Study

Directory of Open Access Journals (Sweden)

Mustafa METE

2015-12-01

Full Text Available In this study, the quotas and taxes implemented by EU to Turkey were examined and it was observed that these policies have negative effects on Turkey’s olive oil exports. Due to the restrictive policies and low profitability in the entry to the EU market, it was determined that Turkey should be directed to the markets that have higher profitability compared with the exports to EU countries. These detections were carried out in accordance with the information obtained from International Trade Center (ITC and Market Access Database (MAD. As a result of the detections it has been found that exports to the EU countries are more profitable and the entry to the market is easier than to the US. As a result of the researches in ITC and MAD databases, actual companies in oil imports in the US market have been determined and it has shown by examining a bill of loading sample that the firms that make olive oils exports in Turkey easily enter new target markets if they know the usage of the databases

Exchange rate of the US dollar and the J curve: the case of oil exporting countries

International Nuclear Information System (INIS)

Yousefi, A.; Wirjanto, T.S.

2003-01-01

This study examines the effects of changes in the exchange rate of the US dollar on the trade balances of three oil-exporting countries, namely Iran, Venezuela and Saudi Arabia. An exchange rate pass-through model is applied to allow changes in the exchange rate of the dollar to affect prices of traded goods. Then, the impact of changes in prices on the quantities of imports and exports of these economies is estimated. The results suggest a partial exchange rate pass-through to these countries' import and export prices in terms of the US dollar. While the three countries raise the price of their primary export (namely crude oil) in response to a depreciation of the dollar, Saudi Arabia's long-run pricing strategy in securing a larger market share stands in contrast to that of the two other OPEC members. The sum of the estimated long-run price elasticities of demand for imports and exports is found to exceed unity for Iran and Venezuela, but less than unity for Saudi Arabia. (author)

Exchange rate of the US dollar and the J curve. The case of oil exporting countries

International Nuclear Information System (INIS)

Yousefi, Ayoub; Wirjanto, Tony S.

2003-01-01

This study examines the effects of changes in the exchange rate of the US dollar on the trade balances of three oil-exporting countries, namely Iran, Venezuela and Saudi Arabia. An exchange rate pass-through model is applied to allow changes in the exchange rate of the dollar to affect prices of traded goods. Then, the impact of changes in prices on the quantities of imports and exports of these economies is estimated. The results suggest a partial exchange rate pass-through to these countries' import and export prices in terms of the US dollar. While the three countries raise the price of their primary export (namely crude oil) in response to a depreciation of the dollar, Saudi Arabia's long-run pricing strategy in securing a larger market share stands in contrast to that of the two other OPEC members. The sum of the estimated long-run price elasticities of demand for imports and exports is found to exceed unity for Iran and Venezuela, but less than unity for Saudi Arabia

COMPETITIVE POSITION OF THE MAIN PRODUCERS AND EXPORTERS OF OILSEEDS AND VEGETABLE OILS IN THE INTRA-EU TRADE

Directory of Open Access Journals (Sweden)

Karolina Pawlak

2014-09-01

Full Text Available The aim of the paper was to assess the competitive position of the main producers and exporters of oilseeds and vegetable oils in the intra-EU trade in 2004 and 2012. The competitiveness was assessed with the use of a selected set of quantitative measures of international competitive position. Moreover, some shares of the analysed countries in the intra-EU trade, as well as relative export intensity of oilseeds and vegetable oils in these countries were estimated. On the basis of the conducted analyses it is possible to conclude that apart from Germany in trade in rapeseed and soya beans, as well as the Netherlands in trade in rapeseed and sunflower-seed, the main producers and exporters of oilseeds were competitive on the Single European Market. Excluding soya-bean oil produced in the EU mainly from imported raw material, competitive advantage of most of the countries decreased together with the level of processing and was lower in trade in vegetable oils.

The impact of oil-export dependency on a developing country; The case of Algeria

Energy Technology Data Exchange (ETDEWEB)

Heidarian, J. (World Bank, Washington, DC (USA)); Green, R.D. (Howard Univ., Washington, DC (US). Dept. of Economics)

1989-10-01

A large oil export sector is often considered to be a potential spur to diversification and full modernization in third world countries, especially when a central government controls and plans the use of oil revenues with such goals in mind. We evaluate this proposition by developing a 12-equation Keynesian econometric model of the Algerian economy. The model's equations, estimated using ordinary least squares, are robust with strong R-squares, significant t-tests for the independent variables, and reasonable Durbin-Watson statistics. Historical simulations track the true variables rather closely. Our RMSEs (percentage) are in general better than those in most studies of less-developed countries, ranging from 7 to 21%. Our results indicate that there has been a growing dependency of most major economic sectors on oil revenues, both before and after nationalization. Improvements in oil exports will, ceteris paribus, lead to elastic increases in luxury imports and domestic consumption, and inelastic increases in domestic investment. Thus, the goals of diversification, modernization and industrialization will not be met under the current set of policies in Algeria. (author).

Elasticity and competitiveness of Indonesia’s palm oil export in India market

Directory of Open Access Journals (Sweden)

Awan Setya Dewanta

2016-10-01

Full Text Available This study examines the elasticity and competitiveness of Indonsia’s palm oil export in the India market, 1990 -2014. The methods used are Error Correction Model (ECM and Revealed Comparative Advantage (RCA approach. The results shows that the price is inelastic in short-term but it is elastic in long-term. The income and exchange rate are elastic in the long-term. There is also a decline in competitiveness in the market India. These findings also demonstrate that palm oil is normal goods and can be easily substituted with the same products of other countries or other vegetable oils. It threatens the Indonesian palm oil competitiveness in the Indian market.

Monetary compensations in climate policy through the lens of a general equilibrium assessment: The case of oil-exporting countries

International Nuclear Information System (INIS)

Waisman, Henri; Rozenberg, Julie; Hourcade, Jean Charles

2013-01-01

This paper investigates the compensations that major oil producers have claimed for since the Kyoto Protocol in order to alleviate the adverse impacts of climate policy on their economies. The amount of these adverse impacts is assessed through a general equilibrium model which endogenizes both the reduction of oil exportation revenues under international climate policy and the macroeconomic effect of carbon pricing on Middle-East's economy. We show that compensating the drop of exportation revenues does not offset GDP and welfare losses because of the time profile of the general equilibrium effects. When considering instead compensation based on GDP losses, the effectiveness of monetary transfers proves to be drastically limited by general equilibrium effects in opened economies. The main channels of this efficiency gap are investigated and its magnitude proves to be conditional upon strategic and policy choices of the Middle-East. This leads us to suggest that other means than direct monetary compensating transfers should be discussed to engage the Middle-East in climate policies. - Highlights: • We endogenize the interplay between climate policy, oil markets and the macroeconomy. • We quantify the transfers to compensate climate policy losses in oil-exporting countries. • We assess the general equilibrium effect of monetary transfers in opened economies. • The macroeconomic efficiency of transfers is altered by general equilibrium effects. • Monetary compensation schemes are not efficient for oil exporters in climate policy

The Success of Economic Policies in Russia: Dependence on Crude Oil vs. Export Diversification

Directory of Open Access Journals (Sweden)

Elena Kuzmenko

2017-01-01

Full Text Available In the light of numerous debates around Russia’s dependence on crude oil and the necessity to diversify the Russian economy, the present paper investigates how closely federal budget revenues, structure of export basket and GDP growth in Russia are tied up with crude oil prices (POIL on the one hand and the real effective exchange rate of ruble (REER on the other. The study covers the period from 2000:Q1 till 2014:Q4 and employs index analysis along with vector error correction model (VECM based on Johansen co‑integration technique. The calculated REER revealed its significant appreciation, that together with a high share of mineral products in total Russian exports points to Dutch disease presence. The constructed econometric models revealed the existence of long‑run relationships among the analyzed indicators. Post‑estimation tests proved the validity of the VECMs. According to the obtained results, in order to stimulate “non‑oil” exports monetary authorities should depreciate national currency, whilst fiscal burden should be mild towards “non oil” producers. However, the observed dynamics of macroeconomic indicators points to the fact that the Russian economy is still substantially influenced by POIL and this influence is much more stronger than it is exerted by fiscal and monetary regulators. It allows us to conclude that crude oil will continue to play, at least in foreseeable future, a dominant role in further development of the Russian economy.

AFM annual report 1983 (Petroleum Industry). [Export Federation for Mineral Oil, Federal Republic of Germany]. AFM Jahresbericht 1983

Energy Technology Data Exchange (ETDEWEB)

1983-01-01

The annual report 1983 of the Export Federation for Mineral Oil (AFM) contains informations about the mineral oil economics, the market development for selected main products and the environmental protection. The AFM terms (standard conditions for barge transactions) for the mineral oil industry are given. The AFM Oil Market Report Daily has extended the frame of its reports in 1983.

Life Cycle Assessment of Soybean-Based Biodiesel in Argentina for Export

OpenAIRE

Panichelli, Luis; Dauriat, Arnaud; Gnansounou, Edgard

2009-01-01

Background, aim and scope. Regional specificities are a key factor when analyzing the environmental impact of a biofuel pathway through a life cycle assessment (LCA). Due to different energy mixes, transport distances, agricultural practices and land use changes, results can significantly vary from one country to another. The Republic of Argentina is the first exporter of soybean oil and meal and the third largest soybean producer in the world, and therefore, soybean-based biodiesel producti...

OIL AS POLITICAL WEAPON

Directory of Open Access Journals (Sweden)

Mariana, BUICAN

2013-12-01

Full Text Available Oil (called by some black gold has not always been as coveted and used, but only in the last hundred years has established itself as a highly sought after as an indispensable proper functioning of modern economic activity that an important factor in international politics. International oil regime has changed in the last decades. In 1960, oil regime was a private oligopol which had links with governments main consuming countries. By then the price of a barrel of oil was two U.S. dollars and seven major transnational oil companies decided the amount of oil that will be produced. Meanwhile the world region with the largest oil exports were more strongly expressed nationalism and decolonization. Result, it was so in the late 60s in the region occur independent states. They have created an organization aim of this resource to their advantage - OPEC (Organization of Petroleum Exporting Countries. Thus since 1973 there have been changes in the international regime governing oil field, namely producing countries were fixed production rate and price. After this time the oil weapon has become increasingly important in the management of international relations. Oil influenced the great powers to Middle East conflicts that occurred in the last century, but their attitude about the emergence of new sources of oil outside OPEC. In the late 90's, Russia has become a major supplier of oil to the West.

REVENUE FROM EXPORTING OIL, INCOME DISTRIBUTION, AND ECONOMIC PROGRESS IN THE MIDDLE EAST

Directory of Open Access Journals (Sweden)

Mehdi MOHAGHEGH

2009-07-01

Full Text Available The increases in petrodollars received by oil produ cing countries of the Middle East in the past few years can become a reality again when the wo rld economy recovers from this recession. The access to so much hard currency in the past co uld have potentially impr oved the economies of these nations beyond imagination. Economic de velopment specialists regard reaching some goals such as higher growth rate of real output, less chronic inflation, Improvements in education and healthcare services, greater diversity in the economy and in exports, greater equality in the distribution of income, and lower unemployment rate as indication of economic progress or socio –economic improvements in a developing country. The purpose of this paper is to evaluate the relative success of the Oil-Produc ing Countries of the Middle East in achieving the above socio- economic goals within the context of huge inflows of petrodollars into their countries every year. Through analysis of data from the region the author of this paper has obtained convincing evidence in support of the view that the oil-exporting nations have, for the most part, wasted the abundant and extremely valuable foreign curr encies that they have received every year for the past several decades.

America's gas tank : the high cost of Canada's oil and gas export strategy

International Nuclear Information System (INIS)

Price, M.; Bennett, J.

2002-10-01

The high environmental cost of exporting oil and gas from Canada to the United States is discussed. The increased demand for fossil fuels by the United States has coincided with Canada's deregulation of the energy industry and a greater control of Canadian energy companies by American interests. The authors note that most of the oil and gas produced in Canada is exported to the United States, where many of the extraction and production decisions affecting Canadians and the Canadian environment are made. It was cautioned that if the current trend continues, oil and gas development will degrade habitat for endangered species and greenhouse gases will escalate. This is because the fossil fuel industry, particularly the development of Alberta's tar sands, is helping to increase greenhouse gas emissions outside of Canada by selling fossil fuels that are burned outside of Canada. It is recommended that federal and provincial governments in Canada should shift their policies away from fossil fuel production and promote renewable energy production. The United States plans to increase Canadian oil and gas imports in the coming decade, requiring more wells to be drilled and pipelines to carry it. If the fossil fuel industry proceeds with the current plans, greenhouse gas emissions in Canada will grow to 827 million tonnes by 2010, 44 per cent beyond the Kyoto target, having an overall negative impact on public health, wildlife and fresh water supplies. refs., tabs., figs

Social and economic vulnerability indicators for oil exporting countries: methodology and comparison analysis; Indicadores de vulnerabilidade socioeconomica para paises exportadores de petroleo: metodologia e analise comparativa

Energy Technology Data Exchange (ETDEWEB)

Jesus, Fernanda Delgado de

2009-04-15

The oil exporting countries can be vulnerable to this row-material as the oil importing ones, due to their social economic dependence of the revenues generated by the oil and gas sector. So, it is also important for those countries the analysis of their social economic vulnerability in order to contribute for the comprehension of their real actions related to their production strategies, aiming to affect oil price and market-share. Due to that, this thesis proposes a methodology based on social economic indicators of oil exporting countries, which will enclose the following aspects: physical, productive, commercial, macro economic, fiscal and social. These indicators will be applied to the OPEC members, Norway and Mexico, and orientated through a normalized scale as in a multicriteria methodology (AHP - Analytic Hierarchy Process). The analyzed results will drive the social economic implications, and the studied countries will be classified in a scale that goes from very favorable to very unfavorable. The results point the main social economic fragilities of the oil exporting countries, designing pathways to Brazil and their possible exporting ambitions. The most important considerations that became from the vulnerable oil export countries experiences refers to the necessity to straight and increases their macro economic foundations, industrial diversification incentives and the creation of an stabilization fund (based on oil revenues) for the future generations, or to severe oil prices oscillations periods in the international market (author)

Going global - how to reduce the risks involved in exporting

International Nuclear Information System (INIS)

Mowers, J.

1999-01-01

Exporting oilfield expertise and technology overseas to new markets can be risky, a lesson that the company Fracmaster Ltd. learned the hard way when it lost investment in the former Soviet Union. The company's demise illustrates some of the risks inherent in conducting business in a foreign country. To be successful at this Canadian oilfield service and supply companies must not only know how to recognize opportunities but also to recognize the possible pitfalls and learn how to avoid them. Before looking at the export market, oil and gas service and supply companies should first ensure that they have not missed any opportunities at home. Canada is the second largest market in the world after the U.S. But companies should approach the American market with caution. The rule that companies should approach the U.S. first does not necessarily hold in the oil and gas industries. Mexico is another country where Canadian companies should use caution. The current hotspots in exporting are countries in the Middle East and the Latin American countries. Saudi Arabia is interested in technology and expertise. although political factors in Iran will have to improve before commitment to that market is advisable. Industry Canada has a wealth of information and services available to companies interested in exporting. There are a number of government programs to help companies finance efforts to enter the export market. Industry Canada also offers a capital projects bidding program for Canadian companies bidding on projects greater than $1 million

The political role of national oil companies in the large exporting countries : the Venezuela case

International Nuclear Information System (INIS)

Mommer, B.

1994-01-01

This paper starts by defining the role of mining companies vis-a vis the landlords in a modern economy. Then it examines the role international oil companies played in exporting countries. Finally the role of national oil companies is analyzed following the same scheme : what is their contribution to the development of a new landlord-tenant relationship, nationally and internationally ? ''Petroleos de Venezuela'' is taken as an example. (Author). 27 refs

Export Taxes under Bertrand Duopoly

OpenAIRE

David Collie; Roger Clarke

2006-01-01

This article analyses export taxes in a Bertrand duopoly with product differentiation, where a home and a foreign firm both export to a third-country market. It is shown that the maximum-revenue export tax always exceeds the optimum-welfare export tax. In a Nash equilibrium in export taxes, the country with the low cost firm imposes the largest export tax. The results under Bertrand duopoly are compared with those under Cournot duopoly. It is shown that the absolute value of the export subsid...

Exports of petroleum products, 1990

International Nuclear Information System (INIS)

1991-04-01

A summary is presented of exports of motor gasoline, middle distillate, aviation turbine fuel, heavy fuel oil, and partially processed oil from Canada for the 1990 calendar year. Exports of the above petroleum products averaged 34,000 m 3 /d in 1990, up 12% from 1989 levels. The increase reflects increased output from the Come By Chance refinery in Newfoundland. Motor gasoline exports increased 35% to 10,500 m 3 /d, reflecting refinery upgrading in eastern Canada. Export prices were generally in line with spot product prices in the USA. Spot prices rose sharply following the Kuwait crisis in August 1990 but fell again in November. The spot price for jet fuel rose more dramatically in that period than for other products, reflecting increased military demand. In winter 1989/90 and during the Kuwait conflict, the export price of heating oil tended to track the USA spot price. Petroleum products imports in 1990 were 18,500 m 3 /d, compared to 21,900 m 3 /d in 1988. Imports were lower partially as a result of higher crude runs in Quebec and a Quebec refinery expansion. Imports of heavy fuel oil in eastern Canada continued to be strong in comparison to the mid-1980s. The top single exporter in 1990, as in 1989, was Newfoundland Processing, with a volume of 4,506,400 m 3 . 13 figs., 5 tabs

An outlook of Malaysian energy, oil palm industry and its utilization of wastes as useful resources

International Nuclear Information System (INIS)

Sulaiman, F.; Abdullah, N.; Gerhauser, H.; Shariff, A.

2011-01-01

Malaysia has an abundance of energy resources, both renewable and non-renewable. The largest non-renewable energy resource found in Malaysia is oil, and second, is natural gas, primarily liquefied natural gas. The production and consumption of oil, gas and coal in Malaysia are given in this paper. The energy demand and supply by source are also shown in relation to the country's fuel diversification policy. In order to reduce the overall dependence on a single source of energy, efforts were undertaken to encourage the utilization of renewable resources. Forest residue and oil palm biomass are found to be potentially of highest energy value and considered as the main renewable energy option for Malaysia. Palm oil and related products represent the second largest export of Malaysia. The total oil palm planted area in Malaysia has increased significantly in recent years. This paper gives a detailed representation of oil palm planted and produced together with its yield from the year 1976 onwards. The large amounts of available forest and palm oil residues resulting from the harvest can be utilized for energy generation and other by-products in a manner that also addresses environmental concerns related to current waste disposal methods. -- Highlights: →Palm oil and related products represent the second largest export of Malaysia. →Malaysia has an abundance of energy resources, both renewable and non-renewable. →Forest and oil palm residues are the main renewable energy option for Malaysia. →Efforts were undertaken to encourage the utilization of renewable resources.

Investment requirements in the oil industry of the independent oil exporting countries in the face of environmental challenges

International Nuclear Information System (INIS)

Rahmat, H.; Hamid, A.A.

1992-01-01

The oil industry has to operate under environmental constraints which involve commercial risks. Oil companies need to treat environmental management as an investment as well as an insurance problem, assessing risks and costs and deciding how to minimize them most cost effectively. Petroleum development in Malaysia is accelerating. In view of the high visibility of the industry and the wide publicity generated by a few incidents which have taken place outside Malaysia the national oil company, Petronas, is constantly vigilant in its efforts to preserve the environment. Oil producing countries like Malaysia will need to continue to set aside some of the revenue they obtain from the oil industry and use it for protecting the environment to ensure public acceptance and ultimately, orderly growth of their industry. Clearly they are less able to do so if their income is lessened through the interference with free trade among nations even if the purported reasons for the interference is the environment itself. Ultimately the environmental investment requirement in the oil industry of the independent and developing oil exporting countries is free trade without price distortions. The 1989 Langkawi Declaration on the Environment of the Commonwealth Heads of Government is appended to this article. (author)

Oil Production, Refining and Transportation in Canada

Directory of Open Access Journals (Sweden)

Igbal A. Guliyev

2015-01-01

Full Text Available The article deals with fuel and energy complex of Canada as one of the largest manufacturers of primary energy in the world, which provides up to 6 percent of the world energy supply. Only the Russian Federation, PRC, the United States of America and the Kingdom of Saudi Arabia have larger production volumes. However, oil plays the most significant role in Canada's energy exports. It is estimated that its proven reserves are sufficient to meet the demand for 140 years at current production rate. The relevance of the study, including the analysis of fuel and energy complex of Canada, is due to the fact that such comparison and synthesis of data on the amount of recoverable oil reserves, the volume of its production, imports, exports and transit of oil and oil products, the distribution of oil for transportation (via pipelines, rail, sea, road, strategic oil field, refining and transportation of oil and oil products development projects, as well as implementation of Canada's best practices in the Russian Federation, is being developed for the first time. In addition, the data given in previously published articles on the subject, due to the dynamic development of the industry, are obsolete and do not reflect the real situation.

The impacts of the export ban on Alaskan crude oil trade

International Nuclear Information System (INIS)

Farah, P.G.; Bausell, C.W.; Vogelsang, A.

1990-01-01

The authors investigated the petroleum markets impacts of lifting the ban on Alaska North Slope (ANS) crude oil exports. This paper reports on some aspects of this investigation. The economic analysis relied heavily on the modeling of the ANS crude trade conducted on behalf of GAO by the Energy Information Administration (EIA) using the Transportation and Refining of International Petroleum model (TRIP). In contrast to previous studies, this one suggests that transportation costs may not be the only major factor in the realignment of ANS crude trade in response to lifting the ban. The differences in the yields of ANS crude and various crudes used by refiners in Pacific Rim countries on the one hand, and the product demand slates of the US West Coast and the potential buyers of ANS crude in Pacific Rim may also figure prominently in determining the reallocation of ANS crude if exports are permitted

Export incentives, exchange rate policy and export growth in Turkey

NARCIS (Netherlands)

van Wijnbergen, S.J.G.; Arslan, I.

1993-01-01

The driving forces behind the Turkish export miracle, and in fact its very existence, have remained a matter of debate We show there was a boom. As to contributing factors, import growth in the Middle East in excess of import growth elsewhere made a negative contribution. On exports to non-oil

MIC risk in the Halfdan oil export system quantified with a DNA-based diagnostic tool

Energy Technology Data Exchange (ETDEWEB)

Larsen, Jan; Rasmussen, Kim; Andersen, Kenneth [Maersk Oil (Denmark); Holmkvist, Lars [DTI Oil and Gas (Denmark)

2011-07-01

The paper presents the risk involved due to microbial influenced corrosion (MIC) using the halfdan oil export system. With growth of assets, scale and microbial fouling, corrosion and souring have increased. Some of the consequences to operators include, safety issues and loss of production. An example of the effects caused by MIC is the Valhall platform in the Norwegian sector, which was shut down for 80 days. Some of the factors causing bacterial growth and MIC are O2, CO2, and H2S, solids. Consideration of four objectives, corrosive products, microbiological activities, microbes, and spatially associating microbes is very important for diagnosing MIC. The objective of the halfdan study was to investigate the corrosion mechanism in the oil export spool section. Observations show severe pitting inside the pipelines. Suggestions for the operator, including the risk assessment of MIC, are given along with a summary of results. It can be concluded that there is a certain need in the industry to understand and act upon MIC.

Transport interests and environmental regimes. The Baltic Sea transit of Russian oil exports

International Nuclear Information System (INIS)

Knudsen, Olav F.

2010-01-01

In the environmentally exposed Baltic Sea, a prolonged confrontation has set the transport interests of Russian crude oil against environmental interests, promoted by Russia's neighbours. During the 1990s all the Baltic littoral states - including Russia - collaborated well on marine environmental issues. When Russian oil exports accelerated after 1999, this environmental understanding broke down. Russian interests shifted as its oil income suddenly rose drastically. The confrontation peaked over a proposal to make the entire Baltic Sea into a particularly sensitive sea area (PSSA) under the International Maritime Organization (IMO). The proposal was adopted by the IMO in spite of Russian objections. The article shows how environmental interests trump transport interests in a manner that may not be sustainable. The case illustrates the need for environmental collaboration to be flexible in the face of shifting constellations of competing interests. (author)

Kalimantan field development hikes gas supply for LNG export

International Nuclear Information System (INIS)

Suharmoko, G.R.

1991-01-01

This paper reports on the development of Tambora and Tunu gas fields in Kalimantan that have increased available gas supply for the export of liquefied natural gas (LNG) from Indonesia. The demand for LNG is increasing in the energy thirsty Far East market. And Indonesia, the world's largest exporter, is keeping pace by expanding the Bontang liquefaction plant in East Kalimantan. A fifth train, with a capacity of around 2.5 million tons/year, began operating in January 1990. Start-up of a sixth train, of identical capacity, is planned for January 1994. The Bontang plant is operated by PT Badak on behalf of Pertamina, the Indonesian state oil and gas mining company. The feed to the fifth train comes primarily from the first-phase development of Total Indonesie's two gas fields, Tambora and Tunu. The sixth train will be fed by a second-phase development of the Tunu field

PREPARATION OF VARIOUS TYPES OF PULP FROM OIL PALM LIGNOCELLULOSIC RESIDUES

Institute of Scientific and Technical Information of China (English)

Ryohei Tanaka; Leh Cheu Peng; Wan Rosli Wan Daud

2004-01-01

@@ INTRODUCTION Oil palm, Elaeis Guineensis, (Figure 1) is one of the most important plants in Malaysia. It produces palm oil and palm kernel oil, which is widely being used in food and other industries such as detergents and cosmetics. Malaysia is the world′s largest producer and exporter of the oil, so that the country′s economy is very much dependent on these oil products. Although oil from the palm tree is an excellent product for the country, residues from oil palm have not been used sufficiently. In this 10～15 years, development in new technologies for utilizing this lignocellulosic waste is categorized as one of the most important issues in science policy of Malaysia.

Uranium exports could match oil imports. [status and prospects of the Canadian uranium industry

Energy Technology Data Exchange (ETDEWEB)

McIntyre, H C

1977-04-01

Apart from a temporary embargo while safeguards are negotiated, the Canadian government limits uranium exports so as to guarantee fuel for every Canadian reactor built or planned for 30 years. On the basis of present known reserves of 172 Gg of 'cheap' U/sub 3/O/sub 8/ and 33 of 'dear', that would mean phasing out exports after the mid 1980's, but probably much more 'dear' uranium remains to be discovered. Provincial taxation and restrictions on foreign ownership may be limitations. Discoveries range over eleven areas, but production capacity at present is 14190 Mg/d from Ontario and 3400 from Saskatchewan, with 8800 mothballed and 4860 planned or being rehabilitated. The price has jumped to $95/kg, so that uranium exports may cover half the cost of oil imports. All producers use sulfuric acid leaching, except Eldorado, which uses carbonate leaching; a process using tertiary amine is being developed. Development of the organic-cooled Th//sup 233/U fuelled reactor may greatly extend fuel resources.

Is It Feasible for China to Optimize Oil Import Source Diversification?

Directory of Open Access Journals (Sweden)

Jian Xu

2014-11-01

Full Text Available In 2013, China imported 282 million tons of crude oil with an external dependence of 58.1%, surpassing the USA as the world’s largest net oil importer. An import source diversification strategy has been adopted by China to ensure oil supply security and to prevent oil supply disruption. However, the strategy is restricted by the imbalance of oil reserves. What is the reasonable and clear objective of the diversification strategy under an imbalanced environment? How do we assess the natural imbalance? This paper analyzes the oil import diversification of China and the USA, as well as the oil production of oil export countries by the oil import source diversification index (OISDI. Our results are as follows: the distribution of oil import sources for China tends to coincide with the oil production distribution of oil exporters in the world. Compared with the USA, China has more diversified import sources. The Chinese government paid much attention to import sources in the past. In the future, China will adjust the distributions of regional sources rather than focus on the number of sources to further optimize the structure of imported regions in the course of implementing the import source diversification strategy.

Analysis of domestic price and inflation determinants in Iran (as a developing oil-export based economy)

NARCIS (Netherlands)

S.F. Dizaji (Sajjad Faraji)

2011-01-01

textabstractAbstract The objective of this study is to examine and investigate both behaviour and determinants of domestic prices and inflation rate in Iran as a developing oil export based economy. I apply two models; the first model is for investigating the main determinants of domestic prices

The Geopolitics of Shale Gas : The Implications of the US' Shale Gas Revolution on Intrastate Stability within Traditional Oil- and Natural Gas-Exporting Countries in the EU Neighborhood

OpenAIRE

Jong, S. de; Auping, W.; Govers, J.; Peters, M.C.A.M.; Widdershoven, C.J.C.G.; Weterings, R.A.P.M.

2014-01-01

The US’ shale gas revolution could in the long term destabilize traditional oil- and gas exporters in the European Union (EU) neighborhood: A combination of substitution effects and greater energy efficiency, could put pressure on the price of oil, leading to fiscal difficulties in traditional hydrocarbon exporting countries.

Iranian-Oil-Free Zone and international oil prices

International Nuclear Information System (INIS)

Farzanegan, Mohammad Reza; Raeisian Parvari, Mozhgan

2014-01-01

One of the main elements of economic sanctions against Iran due to its nuclear and military programs is crude oil exportation restrictions in addition to investment in Iranian energy related projects. Senders of such sanction are interested in understanding the impacts of such embargos on international oil prices. We apply unrestricted vector autoregressive (VAR) model, using impulse response functions (IRF) and variance decomposition analysis (VDA) tools with annual data from 1965 to 2012 to analyze the dynamic response of international oil prices to Iranian oil export sanction. Controlling for the supply of non-Iranian oil, the world GDP per capita, and post-Islamic revolution exogenous dummy variables, we show that international oil prices respond negatively and statistically significant to increasing shock in absolute negative changes of the Iranian oil exports – our proxy of Iran oil sanctions – following the first 2 years after shock. The main reason is the positive response of the non-Iranian oil supply to negative shocks in Iranian oil exports, filling the missing supply of Iranian oil in international markets. - Highlights: • We analyze the interconnections between Iranian oil supply and global oil prices. • We use VAR modeling and annual data from 1965 to 2012 for the case of Iran. • There are no inflationary effects of Iranian oil sanction on world oil prices. • Non-Iranian oil supply offsets the missing Iranian oil in the market

Exports and economic growth in Nigeria

Directory of Open Access Journals (Sweden)

Goodly Otto

2016-09-01

Full Text Available Nigeria is an oil dependent economy, over 90 per cent of its exports receipts in recent years flow from petroleum but this sector is currently affected by local challenges, which include insecurity, oil thefts, sabotage and an unfriendly operational environment. These challenges are generating loses for the major producers and encouraging capital flight but amidst this situation, the economy is said to be having an impressive growth. This paradox informed this research. The study was designed to see the nexus between exports and economic growth in Nigeria. Using data from the Central Bank of Nigeria spanning 1980-2011, the study with the aid of OLS regression analysis found a strong relationship between Exports and economic growth in Nigeria. Nigeria will be better served if it diversifies its export base. It must also create structures that lead to better redistribution of export incomes within the local economy.

Press freedom, oil exports, and risk for natural disasters: a challenge for climato-economic theory?

Science.gov (United States)

Arantes, Joana; Grace, Randolph C; Kemp, Simon

2013-10-01

Does the interaction between climactic demands, monetary resources, and freedom suggest a more general relationship between the environmental challenges that human societies face and their resources to meet those challenges? Using data on press freedom (Van de Vliert 2011a), we found no evidence of a similar interaction with natural resources (as measured by oil exports) or risk for natural disasters.

Monitoring coastal pollution associated with the largest oil refinery complex of Venezuela

Directory of Open Access Journals (Sweden)

Aldo Croquer

2016-06-01

Full Text Available This study evaluated pollution levels in water and sediments of Península de Paraguaná and related these levels with benthic macrofauna along a coastal area where the largest Venezuelan oil refineries have operated over the past 60 years. For this, the concentration of heavy metals, of hydrocarbon compounds and the community structure of the macrobenthos were examined at 20 sites distributed along 40 km of coastline for six consecutive years, which included windy and calm seasons. The spatial variability of organic and inorganic compounds showed considerably high coastal pollution along the study area, across both years and seasons. The southern sites, closest to the refineries, had consistently higher concentrations of heavy metals and organic compounds in water and sediments when compared to those in the north. The benthic community was dominated by polychaetes at all sites, seasons and years, and their abundance and distribution were significantly correlated with physical and chemical characteristics of the sediments. Sites close to the oil refineries were consistently dominated by families known to tolerate xenobiotics, such as Capitellidae and Spionidae. The results from this study highlight the importance of continuing long-term environmental monitoring programs to assess the impact of effluent discharge and spill events from the oil refineries that operate in the western coast of Paraguaná, Venezuela.

Problems concerning abolishment of the ban on exportation of Alaskan crudeoil. Alaska gen'yu no yushutsu kaikin mondai no yukue

Energy Technology Data Exchange (ETDEWEB)

1994-08-01

The ban on exhortation of Alaska North Slope (ANS) crude oil is being vigorously discussed on its maintenance or abolishment. The Department of Energy of the U.S. published the report which emphasized merits by abolishing the ban on ANS crude-oil exporting. The American Crew Union asserts that the Union will agree to the abolishment if ANS crude oil is transported by the Johns Act ships, which mean tankers built in the U.S., having the U.S. nationality, and plied by operation of the U.S. crews. The federal government of the U.S. declares that the government will not support the abolishment unless the items to restrict the transportation within Johns Act ships are deleted. It is said that British Petroleum, the largest producer of ANS crude oil, is sounding for the method in which use of the U.S. ships and employment of the U.S. crews for the transportation are guaranteed by direct contracts with the tanker owners and crews of the U.S. In any case, employment of U.S. crews is considered to the point to realize the abolishment of the bat on exportation of ANS crude oil.

78 FR 21349 - Orders Granting Authority To Import and Export Natural Gas, To Export Liquefied Natural Gas, To...

Science.gov (United States)

2013-04-10

... DEPARTMENT OF ENERGY Orders Granting Authority To Import and Export Natural Gas, To Export Liquefied Natural Gas, To Export Compressed Natural Gas, Vacating Prior Authority and Denying Request for... OIL COMMERCIAL GP 12-164-NG XPRESS NATURAL GAS LLC 12-168-CNG MERRILL LYNCH COMMODITIES CANADA, ULC 12...

Health Care Expenditure and GDP in Oil Exporting Countries: Evidence From OPEC Data, 1995-2012.

Science.gov (United States)

Fazaeli, Ali Akbar; Ghaderi, Hossein; Salehi, Masoud; Fazaeli, Ali Reza

2015-06-11

There is a large body of literature examining income in relation to health expenditures. The share of expenditures in health sector from GDP in developed countries is often larger than in non-developed countries, suggesting that as the level of economic growth increases, health spending increase, too. This paper estimates long-run relationships between health expenditures and GDP based on panel data of a sample of 12 countries of the Organization of the Petroleum Exporting Countries (OPEC), using data for the period 1995-2012. We use panel data unit root tests, cointegration analysis and ECM model to find long-run and short-run relation. This study examines whether health is a luxury or a necessity for OPEC countries within a unit root and cointegration framework. Panel data analysis indicates that health expenditures and GDP are co-integrated and have Engle and Granger causality. In addition, in oil countries that have oil export income, the share of government expenditures in the health sector is often greater than in private health expenditures similar developed countries. The findings verify that health care is not a luxury good and income has a robust relationship to health expenditures in OPEC countries.

Market brief : the oil and gas market in Bolivia

Energy Technology Data Exchange (ETDEWEB)

NONE

2004-03-01

This report presents a market overview of the oil and gas sector in Bolivia and describes the potential for Canadian suppliers to enter into joint ventures to establish local production facilities and transfer technology expertise. Bolivia has an estimated 54.9 trillion cubic feet of natural gas reserves and 440.5 million barrels of proven oil reserves. The main hope for future economic growth in Bolivia hinges on increasing natural gas exports. Opportunities for Canadian companies exist in exploration, production and pipeline construction. There is also a demand for drilling machinery equipment, pipeline components and services for the expansion of the proposed Bolivia-Brazil pipeline. The largest energy company in Bolivia is Repsol YPF which operates through its subsidiary Empress Petrolera Andina. The largest end-users of oil and gas equipment and services include domestic upstream operators and international oil majors and international exploration and production companies. This report describes the key factors shaping market growth along with the competitive environment, local capabilities, international competition and the Canadian position. Considerations for market-entry in Bolivia were also outlined.

Mexico: Imports or exports?

International Nuclear Information System (INIS)

Estrada, J.

2002-01-01

This presentation provides an overview of Mexico's energy sector. Proven oil reserves place Mexico in ninth position in the world and fourth largest in natural gas reserves. Energy is one of the most important economic activities of the country, representing 3 per cent of Gross Domestic Product (GDP). Oil exports represent 8.4 per cent of total exports. Approximately 40 per cent of total public investment is earmarked for energy projects. The author discusses energy resources and energy sector limitations. The energy sector plan for the period 2001-2006 is discussed. Its goals are to ensure energy supply, to develop the energy sector, to stimulate participation of Mexican enterprises, to promote renewable energy sources, and to strengthen international energy cooperation. The regulatory framework is being adapted to increase private investment. Some graphs are presented, displaying the primary energy production and primary energy consumption. Energy sector reforms are reviewed, as are electricity and natural gas reforms. The energy sector demand for 2000-2010 and investment requirements are reviewed, as well as fuel consumption for power generation. The author discusses the National Pipeline System (SNG) and the bottlenecks caused by pressure efficiency in the northeast, flow restriction on several pipeline segments, variability of the Petroleos Mexicanos (PEMEX) own use, and pressure drop on central regions. The entire prospect for natural gas in the country is reviewed, along with the Strategic Gas Program (PEG) consisting of 20 projects, including 4 non-associated natural gas, 9 exploration and 7 optimization. A section dealing with multiple service contracts is included in the presentation. The authors conclude by stating that the priority is a national energy policy to address Mexico's energy security requirements, to increase natural gas production while promoting the diversification of imports, and a regulatory framework to be updated in light of current

Measuring the security of energy exports demand in OPEC economies

International Nuclear Information System (INIS)

Dike, Jude Chukwudi

2013-01-01

One of the objectives of OPEC is the security of demand for the crude oil exports of its members. Achieving this objective is imperative with the projected decline in OECD countries' crude oil demand among other crude oil demand shocks. This paper focuses on determining the external crude oil demand security risks of OPEC member states. In assessing these risks, this study introduces two indexes. The first index, Risky Energy Exports Demand (REED), indicates the level of energy export demand security risks for OPEC members. It combines measures of export dependence, economic dependence, monopsony risk and transportation risk. The second index, Contribution to OPEC Risk Exposure (CORE), indicates the individual contribution of the OPEC members to OPEC's risk exposure. This study utilises the disaggregated index approach in measuring energy demand security risks for crude oil and natural gas and involves a country level analysis. With the disaggregated approach, the study shows that OPEC's energy export demand security risks differ across countries and energy types. - Highlights: • REED and CORE indexes are suitable measures for energy exports demand security risk. • The indexes show that energy demand security risk is different for each OPEC country. • The countries contribution to OPEC's energy demand security risk is also different. • The outcome is necessary for OPEC's common energy and climate change policies. • The outcome makes a case for oil demand security as a topical issue in the literature

Coal exports still growing

International Nuclear Information System (INIS)

Blain, M.

1998-01-01

It is shown that the swings and roundabouts of the Asian economic shake out and Australian dollar devaluation are starting to work their way through the Australian export coal market. Perhaps somewhat surprisingly, at this stage the results are not proving to be as bad as were at first predicted by some market watchers. Export revenue and tonnages are up 12% for the year to July 98. Coal exports totaling $9.5 billion left Australia's shores in the 12 months confirming coal as Australia's single largest export revenue earner. Sales volumes in the present financial year are still increasing, the market being driven by steadily increasing Asian demand for steaming coal from places like Korea, Malaysia, Thailand and the Philippines

Macroeconomic Effects of Export Demand in Nigeria

Directory of Open Access Journals (Sweden)

Bolaji Adesola Adesoye

2017-05-01

Full Text Available This study examines the macroeconomic effects of aggregate export demand in Nigeria using annual time series data between 1970 and 2013. The paper made use of the ordinary least square method to analyse the long-run relationship for the period under study. The empirical results confirm that there exists a unique and significant long-run equilibrium relationship among export volume, world income, crude oil price, domestic output, exchange rate and cost of doing business. The estimated results show that domestic income has the highest elasticity, followed by world’s output and cost of doing business, which all report positive relations. Other macroeconomic factors reported negative relationship with aggregate export volume. Thus, an important policy implication of our findings is that stabilizing Nigeria’s export earnings potential by counteracting the external factors that influence adversely the Nigerian exports such as crude oil price and cost of doing business.

Oil markets to 2010: the impact of non-Opec oil

International Nuclear Information System (INIS)

Enav, Peter

1998-09-01

This report provides an in-depth assessment of oil development scenarios in every non-Opec oil producing country from 1998 to 2010, in addition to evaluating the extent and direction of future oil trade for Opec and non-Opec countries alike. It re-assesses world oil consumption patterns in light of the Asian financial crisis, providing a concise yet comprehensive coverage of an often-neglected oil production group. The oil market development scenario is analysed in each country, with detailed consideration of the major players providing historical production, consumption, import and export data; current oil balance - production, imports and exports; an assessment of oil development policy; analysis of potential development obstacles considering regulatory, financial, political and environmental issues; oil production and consumption projections to 2010, by type; and import and export projections to 2010, by destination and source. More than 80 tables supplying essential statistics on the world's non-Opec markets accompany the report, with maps and schematic diagrams showing existing and potential infrastructure and fields. (Author)

Toward sustainable harvesting of Africa's largest medicinal plant ...

African Journals Online (AJOL)

Global demand for treating prostate disorders with Prunus africana bark extract has made P. africana Africa's largest medicinal plant export. Unsustainable harvesting practices can lead to local extirpations of this multipurpose tree. Survey research targeting P. africana harvesters in a Tanzania forest reserve revealed that ...

PREPARATION OF VARIOUS TYPES OF PULP FROM OIL PALM LIGNOCELLULOSIC RESIDUES

Institute of Scientific and Technical Information of China (English)

RyoheiTanaka; LehCheuPeng; WanRosliWanDaud

2004-01-01

Oil palm, Elaeis Guineensis, (Figure 1) is one of the most important plants in Malaysia. It produces palm oil and palm kernel oil, which is widely being used in food and other industries such as detergents and cosmetics. Malaysia is the world's largest producer and exporter of the oil, so that the country's economy is very much dependent on these oil products. Although oil from the palm tree is an excellent product for the country, residues from oil palm have not been used sufficiently. In this 10-15 years, development in new technologies for utilizing this lignocellulosic waste is categorized as one of the most important issues in science policy of Malaysia. Here we would like to introduce recent situation of palm oil and oil palm lignocellulosic residues at the first part of this paper. In the second part, our recent studies on the preparation of pulps for different purposes will be summarized.

Analysis of the impact of the Kyoto Protocol on the export revenues of OPEC member states and on the oil import requirements of non-Annex I countries

NARCIS (Netherlands)

Linden NH van der; Linde C van der; Lako P; Rooijen SNM van; Netherlands Energy Research; Netherlands Institute of International Relations; NOP

2000-01-01

The members of the Organisation of Petroleum Exporting Countries (OPEC) continue to voice their concerns about the adverse impact of the implementation of greenhouse gas emission reduction policies on the oil exporting countries. Referring to Article 4.8 of the UNFCCC, the OPEC is of the opinion

Renewable and non-renewable energy consumption and economic growth: Evidence from MENA Net Oil Exporting Countries.

OpenAIRE

Kahia, Montassar; Ben Aissa, Mohamed Safouane

2014-01-01

This study investigate the relationship between renewable and non-renewable energy consumption and economic growth in a sample of 13 MENA Net Oil Exporting Countries covering the period 1980–2012 within a multivariate panel framework. The Pedroni (1999, 2004), Kao (1999) as well as the Westerlund (2007) panel cointegration tests indicate that there is a long-run equilibrium relationship between real GDP, renewable energy consumption, non-renewable energy consumption, real gross fixed capital ...

Oil Trade and Climate Policy

OpenAIRE

Malik Curuk; Suphi Sen

2015-01-01

It has been argued that a depletable resource owner might optimally increase near-term supply in response to environmental policies promoting the development of alternative resources, which might render climate policy ineffective or even counterproductive. This paper empirically confirms this prediction using data on crude oil exports from OPEC to OECD countries between 2001-2010 in a gravity framework. It documents that oil exporters decrease prices and increase quantity of oil exports in re...

The oil and gas industry and the Canadian economy: a backgrounder

International Nuclear Information System (INIS)

Curran, R.

2000-02-01

The impact of the oil and natural gas industry on the Canadian economy is explained in terms of employment, balance of trade, products, government revenues, international technology trade and industry support to the community. It is reported that the industry employs almost one half million people in Canada; is the second largest contributor to Canada's balance of trade; generate billions of dollars for the economy and pays hundreds of millions of dollars in taxes and its employees contribute millions of dollars and thousands of hours of time to charitable and community organizations. The industry is also one of the major contributors to Canada's technology export through its leadership in high technology exploration methods, cold climate and offshore operations, enhanced recovery technologies, producing and processing heavy oil; mining and upgrading oil sands bitumen, oil-well firefighting techniques and environmental protection technologies, among others. Citing Canada's cold climate and energy-intensive industries, hence the need for large quantities of energy, the booklet offers a rationale for the industry's need to continue to be profitable in order to develop new sources of oil and gas production and invest in energy-efficient technologies. Assuming continued profitability, combined with more efficient use of oil and gas, the Foundation remains confident that the industry will provide energy security and export revenues for the benefit of all Canadians. 12 refs., photos

A MARKETING ANALYSIS OF U.S. CHICKEN EXPORTS TO CHINA

OpenAIRE

Zhang, Li; Gunter, Lewell F.

2004-01-01

China is the second largest market for U.S. poultry exports. The growth potential for chicken exports to China is great, given their large population, low per capita consumption, rising incomes, and recent inclusion in the WTO. In this study, we estimated excess supply and demand equations for US exports of frozen chicken parts to China.

Total pressing Indonesian gas development, exports

International Nuclear Information System (INIS)

Anon.

1994-01-01

Total is on track to become Indonesia's leading gas exporter by the turn of the century. Total's aggressive development of its Mahakam Delta acreage in East Kalimantan is intended to keep pace with growing liquefied natural gas demand, mainly from Japan but also increasingly from South Korea and Taiwan. A frantic scramble is under way among natural gas suppliers in the Pacific Rim region, particularly those with current LNG export facilities, to accommodate projections of soaring natural gas demand in the region. Accordingly, Total's Indonesian gas production goal is the centerpiece of a larger strategy to become a major player in the Far East Asia gas scene. Its goals also fall in line with Indonesia's. Facing flat or declining oil production while domestic oil demand continues to soar along with a rapidly growing economy, Indonesia is heeding some studies that project the country could become a net oil importer by the turn of the century. The paper describes Total's Far East strategy, the Mahakam acreage which it operates, the shift to gas development, added discoveries, future development, project spending levels, and LNG export capacity

Geopolitics of oil markets

International Nuclear Information System (INIS)

Liscom, W.L.

1991-01-01

Geopolitics can inject a great deal of uncertainty and cause fundamental shifts in the overall direction of oil markets, which would otherwise act in a fairly predictable and stable manner. The Iraqi invasion of Kuwait and the response of the USA were definitely linked with oil, and the aftermath of the invasion left four geopolitical issues affecting world oil markets. The provision authorizing $1.6 billion in Iraqi oil exports under the United Nations sanctions was imposed with little concern about the potential impact of these exports on the oil market; Iraq could export as much as 1 million bbl/d and it is unlikely that exports would be stopped once the $1.6 billion limit is reached. By making up most of the supply shortfall during the Kuwait crisis, Saudi Arabia suddenly became the producer of over a third of OPEC oil supplies and now dominates OPEC. The Saudis have indicated it will swing production according to world demand, irrespective of what OPEC wants, so that world oil demand will return strongly and remain. Middle East politics in general will determine the stability of oil supplies in the region for many of the countries. A producer-consumer dialogue at the high governmental level has started, with a view to some type of multilateral understanding in the light of mutual interests in secure oil supplies. This is not likely to have a big impact on oil markets without participation and support from the USA. The recent changes in the Soviet Union have potential impacts in regard to the attraction of that market for Western investment, in particular to assist exports. The worldwide environmental movement will also play a geopolitical role in the world oil market due to its influence on oil taxation policies

Income from oil could have made Iraq's economy flourish

International Nuclear Information System (INIS)

Schoenweisner, R.; Hirman, K.

2003-01-01

He whole economy of Iraq is based on oil industry. 95 percent of Iraq's foreign currency income is traditionally related to oil export. Another typical feature of its economy is a high level of government interference and dependence on food import. Though Iraq has the second largest proven oil reserves in the world and a reasonably good transport and export infrastructure it is struggling with economical problems. It was the wars that have had a major impact on the country's economy during the last two decades. In late seventies and early eighties Iraq's economic perspectives seemed very positive. Iraq was winning 3.5 million barrels of oil a day and the export incomes exceeded 27 billion USD. Tedious wars with the neighbouring Iran in the eighties cost Iraq according to American CIA's estimates about 100 billion USD. Before the wars started Iraq's foreign currency reserves reached 35 billion USD but the high cost of the war and all damage done to the oil facilities caused that before it ended Iraq was forced to take credits and later even restructure the related repayments. By the end of the conflict Iraq's foreign indebtedness grew to exceed 40 billion USD. After the war ended conditions became more favourable for increasing volumes of oil export, building of new pipelines and reconstruction of damaged facilities. But only two years later Saddam Hussain's regime invaded Kuwait and this lead to a military intervention by a coalition lead by the USA and the United Nations inflicted economical sanctions against Iraq. As a result the economic activity in the country decreased dramatically. The limited recourses the country had were used to finance military forces. Living conditions of Iraq's citizens slightly improved in second half of the nineties after United Nations allowed the country to export a limited amount of oil in exchange for food, medicines and some spare parts needed for reconstruction of the infrastructure. In 1999 the United Nations adopted changes to

Limited emission reductions from fuel subsidy removal except in energy-exporting regions

Science.gov (United States)

Jewell, Jessica; McCollum, David; Emmerling, Johannes; Bertram, Christoph; Gernaat, David E. H. J.; Krey, Volker; Paroussos, Leonidas; Berger, Loïc; Fragkiadakis, Kostas; Keppo, Ilkka; Saadi, Nawfal; Tavoni, Massimo; van Vuuren, Detlef; Vinichenko, Vadim; Riahi, Keywan

2018-02-01

Hopes are high that removing fossil fuel subsidies could help to mitigate climate change by discouraging inefficient energy consumption and levelling the playing field for renewable energy. In September 2016, the G20 countries re-affirmed their 2009 commitment (at the G20 Leaders’ Summit) to phase out fossil fuel subsidies and many national governments are using today’s low oil prices as an opportunity to do so. In practical terms, this means abandoning policies that decrease the price of fossil fuels and electricity generated from fossil fuels to below normal market prices. However, whether the removal of subsidies, even if implemented worldwide, would have a large impact on climate change mitigation has not been systematically explored. Here we show that removing fossil fuel subsidies would have an unexpectedly small impact on global energy demand and carbon dioxide emissions and would not increase renewable energy use by 2030. Subsidy removal would reduce the carbon price necessary to stabilize greenhouse gas concentration at 550 parts per million by only 2-12 per cent under low oil prices. Removing subsidies in most regions would deliver smaller emission reductions than the Paris Agreement (2015) climate pledges and in some regions global subsidy removal may actually lead to an increase in emissions, owing to either coal replacing subsidized oil and natural gas or natural-gas use shifting from subsidizing, energy-exporting regions to non-subsidizing, importing regions. Our results show that subsidy removal would result in the largest CO2 emission reductions in high-income oil- and gas-exporting regions, where the reductions would exceed the climate pledges of these regions and where subsidy removal would affect fewer people living below the poverty line than in lower-income regions.

Limited emission reductions from fuel subsidy removal except in energy-exporting regions.

Science.gov (United States)

Jewell, Jessica; McCollum, David; Emmerling, Johannes; Bertram, Christoph; Gernaat, David E H J; Krey, Volker; Paroussos, Leonidas; Berger, Loïc; Fragkiadakis, Kostas; Keppo, Ilkka; Saadi, Nawfal; Tavoni, Massimo; van Vuuren, Detlef; Vinichenko, Vadim; Riahi, Keywan

2018-02-07

Hopes are high that removing fossil fuel subsidies could help to mitigate climate change by discouraging inefficient energy consumption and levelling the playing field for renewable energy. In September 2016, the G20 countries re-affirmed their 2009 commitment (at the G20 Leaders' Summit) to phase out fossil fuel subsidies and many national governments are using today's low oil prices as an opportunity to do so. In practical terms, this means abandoning policies that decrease the price of fossil fuels and electricity generated from fossil fuels to below normal market prices. However, whether the removal of subsidies, even if implemented worldwide, would have a large impact on climate change mitigation has not been systematically explored. Here we show that removing fossil fuel subsidies would have an unexpectedly small impact on global energy demand and carbon dioxide emissions and would not increase renewable energy use by 2030. Subsidy removal would reduce the carbon price necessary to stabilize greenhouse gas concentration at 550 parts per million by only 2-12 per cent under low oil prices. Removing subsidies in most regions would deliver smaller emission reductions than the Paris Agreement (2015) climate pledges and in some regions global subsidy removal may actually lead to an increase in emissions, owing to either coal replacing subsidized oil and natural gas or natural-gas use shifting from subsidizing, energy-exporting regions to non-subsidizing, importing regions. Our results show that subsidy removal would result in the largest CO 2 emission reductions in high-income oil- and gas-exporting regions, where the reductions would exceed the climate pledges of these regions and where subsidy removal would affect fewer people living below the poverty line than in lower-income regions.

Export Earnings from the Overseas Student Industry: How Much?

Science.gov (United States)

Birrell, Bob; Smith, T. Fred

2010-01-01

Education is regularly publicised as Australia's third-largest export behind coal and iron ore. Although it cannot be disputed that education is a major export, the published figures are inflated because of three broad factors. First, estimates of student expenditure on goods and services in Australia are based on students with different…

Sub-Sahara's second largest oil producer

Energy Technology Data Exchange (ETDEWEB)

Clarke, C

1991-05-01

With the prospects for peace in Angola following the settlement of the civil war, the oil producing potential for the country is briefly reviewed. Topics covered include the problems of economic growth and development because of the civil war and communist ideology, US foreign policy, production sharing, military expenditure and economic planning. (UK).

State sells oil and gas shares in Norway - Statoil to stock exchange list

International Nuclear Information System (INIS)

Kimpanpaeae, M.

2001-01-01

selling of the natural gas. Renovation of the markets will probably lead to finishing the GFU and to rearrangement of the gas sales. Oil and gas exports of Norway in 1999 were about 170 billion NOK, a fifth of which came from natural gas exports to EU countries. The share of natural gas is expected to increase rapidly during the next two decades. The share of oil and gas of the Norwegian GNP in 1999 was about 15% and due to high oil price in 2000 about 25%. About 3% of the employees in Norway work in the oil and gas industry. About 47% of the oil and gas income of Norwegian state come from SDOEE, 9% from Statoil and 44% from taxes. The income is entered into the state oil fund, which is used as an economic buffer if the oil price decreases, the economic situation is weakened or the state economy weakens due to the aging of the population. The value of the fund in the beginning of 2000 was estimated to be about 385 billion NOK. Norway is the third largest exporter of oil and one of the largest exports of natural gas in the world

The Geopolitics of Shale Gas : The Implications of the US' Shale Gas Revolution on Intrastate Stability within Traditional Oil- and Natural Gas-Exporting Countries in the EU Neighborhood

NARCIS (Netherlands)

Jong, S. de; Auping, W.; Govers, J.; Peters, M.C.A.M.; Widdershoven, C.J.C.G.; Weterings, R.A.P.M.

2014-01-01

The US’ shale gas revolution could in the long term destabilize traditional oil- and gas exporters in the European Union (EU) neighborhood: A combination of substitution effects and greater energy efficiency, could put pressure on the price of oil, leading to fiscal difficulties in traditional

New opportunities for U.S. coal and mineral exporters

International Nuclear Information System (INIS)

Watkins, J.A.

1992-01-01

U.S. exports of coal, metals and industrial minerals to the European Community were valued at $2.4 billion in 1989, representing 47 percent of total export revenues generated by these materials. Coal was the single largest contributor to the value of mineral exports to the EC with total sales of approximately $2 billion in 1989. With the extinction of trade barriers that will be triggered by the economic and political unification of Europe, new opportunities for U.S. minerals exporters are likely to develop. This paper examines the overall impact of European integration on U.S. metal and industrial mineral exports and provides a more rigorous analysis of the outlook for thermal and coking coal exports to the EC during the next decade

Trade linkages and macroeconomic effects of the price of oil

International Nuclear Information System (INIS)

Korhonen, Iikka; Ledyaeva, Svetlana

2010-01-01

In this paper we assess the impact of oil price shocks on oil-producer and oil-consuming economies. VAR models for different countries are linked together via a trade matrix, as in Abeysinghe (2001). As expected, we find that oil producers (here, Russia and Canada) benefit from oil price shocks. For example, a large oil shock leading to a price increase of 50% boosts Russian GDP by about 6%. However, oil producers are hurt by indirect effects of positive oil price shocks, as economic activity in their exporter countries suffers. For oil consumers, the effects are more diverse. In some countries, output falls in response to an oil price shock, while other countries seem to be relatively immune to oil price changes. Finally, indirect effects are also detected for oil-consumer countries. Those countries, which trade more with oil producers, gain indirect benefits via higher demand from oil-producing countries. In general, the largest negative total effects from positive oil price shocks are found for Japan, China, the USA, Finland and Switzerland, while other countries in our sample seem to have fared quite well during recent positive oil price shocks. The indirect effects are negative for Russia, Finland, Germany and Netherlands. (author)

The Impact of Oil Price Volatility on Macroeconomic Activity in Russia

Directory of Open Access Journals (Sweden)

Katsuya Ito

2010-07-01

Full Text Available Since the beginning of the 1980s a large number of studies using a vector autoregressive (VAR model have been made on the macroeconomic effects of oil price changes. However, surprisingly few studies have so far focused on Russia, the world’s second largest oil exporter. The purpose of this paper is to empirically examine the impact of oil prices on the macroeconomic variables in Russia using the VAR model. The time span covered by the series is from 1994:Q1 to 2009:Q3, giving 63 observations. The analysis leads to the finding that a 1% increase (decrease in oil prices contributes to the depreciation (appreciation of the exchange rate by 0.17% in the long run, whereas it leads to a 0.46% GDP growth (decline. Likewise, we find that in the short run (8 quarters rising oil prices cause not only the GDP growth and the exchange rate depreciation, but also a marginal increase in inflation rate.

An Examination of Strategic Philanthropy and CSR Communication Patterns among the World’s Twenty-One Largest Oil Companies

Directory of Open Access Journals (Sweden)

J. Brad Gatlin

2013-07-01

Full Text Available Fortune Magazine’s 2012 list of 100 largest companies included 21 oil companies. This paper seeks to discern patterns of those 21 companies’ philanthropic efforts and communication thereof. Specifically, the paper will consider issues such as ownership (all companies were either publicly-traded or state-owned, the economic development of the home country, and the citizens’ expectations of corporate citizens. The philanthropic efforts of all 21 companies are discussed in the context of Porter and Kramer’s (2001 framework of the competitive context It is concluded that the oil industry is particularly well-suited to affect factor and, to a lesser extent, demand conditions, through philanthropic efforts. A model for classifying the philanthropic based on ownership and country conditions is proposed, and suggestions for further research are made.

What drives the formation of global oil trade patterns?

International Nuclear Information System (INIS)

Zhang, Hai-Ying; Ji, Qiang; Fan, Ying

2015-01-01

In this paper, the spatial characteristics of current global oil trade patterns are investigated by proposing a new indicator Moran-F. Meanwhile, the factors that influence the formation of oil trade patterns are identified by constructing four different kinds of spatial econometric models. The findings indicate that most oil exporters have an obvious export focus in North America and a relatively balanced export in Europe and the Asia-Pacific region. Besides supply and demand factors, technological progress and energy efficiency have also significantly influenced the oil trade. Moreover, there is a spillover effect of trade flow among different regions, but its impact is weak. In addition, oil importers in the same region have the potential to cooperate due to their similar import sources. Finally, promotion of oil importers' R&D investments can effectively reduce the demand for global oil trade. - Highlights: • A new spatial association Moran-F indicator that applies to trade flows is proposed. • Driving factors affecting the formation of oil trade patterns are identified. • Oil-exporting countries implement various export strategies in different regions. • Supply, demand and technological factors contribute to the oil trade patterns. • Spillover effect of each factor affecting oil trade flows does exist but is limited

The Parallel Market for Foreign Exchange in an Oil Exporting Economy; The Case of Iran, 1978-1990

OpenAIRE

Adnan Mazarei

1995-01-01

This paper provides a model for the determination of the parallel market exchange rate premium in a country where oil export earnings accrue directly to the government, and foreign exchange is centrally allocated for the importation of specific goods. Next, it studies the parallel market for foreign exchange In the Islamic Republic of Iran during the period 1978-90. The paper then examines the various time series properties of parallel market exchange rate in Iran, and the evidence of the rol...

Scenarios for Russia's natural gas exports to 2050

International Nuclear Information System (INIS)

Paltsev, Sergey

2014-01-01

Russia is an important energy supplier as it holds the world's largest natural gas reserves and it is the world's largest exporter of natural gas. Despite a recent reduction in Russia's exports to Europe, it plans to build new pipelines. We explore the long-term (up to 2050) scenarios of Russian natural gas exports to Europe and Asia using the MIT Emissions Prediction and Policy Analysis (EPPA) model, a computable general equilibrium model of the world economy. We found that over the next 20–40 years natural gas can still play a substantial role in Russian exports and there are substantial reserves to support a development of the gas-oriented energy system both in Russia and in its current and potential gas importers. Based on the considered scenarios, Russia does not need any new pipeline capacity to the EU unless it wants to diversify its export routes to supply the EU without any gas transit via Ukraine and Belarus. Asian markets are attractive to Russian gas and substantial volumes may be exported there. Relatively cheap shale gas in China may sufficiently alter the prospects of Russian gas, especially in Asian markets. In the Reference scenario, exports of natural gas grow from Russia's current 7 Tcf to 11–12 Tcf in 2030 and 13–14 Tcf in 2050. Alternative scenarios provide a wider range of projections, with a share of Russian gas exports shipped to Asian markets rising to more than 30% by 2030 and almost 50% in 2050. Europe's reliance on LNG imports increases, while it still maintains sizable imports from Russia. - Highlights: • In the Reference scenario exports of natural gas grow from Russia’s current 7 Tcf to 11–12 Tcf in 2030 and 13–14 Tcf in 2050. • In alternative scenarios a share of Russian exports to Asian markets is rising to about 30% by 2030 and 50 % in 2050. • Cheap shale gas in China can sufficiently alter Russian natural gas export. • Reduction in nuclear generation in Europe can lead to increased exports of natural gas from

Ecuador steps up pace of oil development activity

International Nuclear Information System (INIS)

Anon.

1992-01-01

This paper reports that oil companies operating in Ecuador plan to quicken the pace of oil development this year. After delays in 1991, companies plan a series of projects to develop reserves discovered the past 3 years estimated at more than 600 million bbl. Oil and Gas Journal estimated Ecuador's proved crude reserves at 1.55 billion bbl as of Jan. 1, 1992. The development push is part of a larger effort needed to ensure Ecuador's status as an oil exporter into the next century. Ecuador is the smallest crude oil producer and exporter in the Organization of Petroleum Exporting Countries

CO2 emissions embodied in China's exports from 2002 to 2008: A structural decomposition analysis

International Nuclear Information System (INIS)

Xu Ming; Li Ran; Crittenden, John C.; Chen Yongsheng

2011-01-01

This study examines the annual CO 2 emissions embodied in China's exports from 2002 to 2008 using environmental input-output analysis. Four driving forces, including emission intensity, economic production structure, export composition, and total export volume, are compared for their contributions to the increase of embodied CO 2 emissions using a structural decomposition analysis (SDA) technique. Although offset by the decrease in emission intensity, the increase of embodied CO 2 emissions was driven by changes of the other three factors. In particular, the change of the export composition was the largest driver, primarily due to the increasing fraction of metal products in China's total export. Relevant policy implications and future research directions are discussed at the end of the paper. - Highlights: → We investigate annual CO 2 emission embodied in China's exports from 2002 to 2008 using environmental input-output analysis. → We conduct a structural decomposition analysis to measure contributions from different driving forces. → Change of export composition was the largest driver for the increase of CO 2 emissions embodied in China's exports. → Increasing fraction of metal products in exports is the key change in export composition.

Electricity generation analyses in an oil-exporting country: Transition to non-fossil fuel based power units in Saudi Arabia

International Nuclear Information System (INIS)

Farnoosh, Arash; Lantz, Frederic; Percebois, Jacques

2014-01-01

In Saudi Arabia, fossil-fuel is the main source of power generation. Due to the huge economic and demographic growth, the electricity consumption in Saudi Arabia has increased and should continue to increase at a very fast rate. At the moment, more than half a million barrels of oil per day is used directly for power generation. Herein, we assess the power generation situation of the country and its future conditions through a modelling approach. For this purpose, we present the current situation by detailing the existing generation mix of electricity. Then we develop an optimization model of the power sector which aims to define the best production and investment pattern to reach the expected demand. Subsequently, we will carry out a sensitivity analysis so as to evaluate the robustness of the model's by taking into account the integration variability of the other alternative (non-fossil fuel based) resources. The results point out that the choices of investment in the power sector strongly affect the potential oil's exports of Saudi Arabia. For instance, by decarbonizing half of its generation mix, Saudi Arabia can release around 0.5 Mb/d barrels of oil equivalent per day from 2020. Moreover, total power generation cost reduction can reach up to around 28% per year from 2030 if Saudi Arabia manages to attain the most optimal generation mix structure introduced in the model (50% of power from renewables and nuclear power plants and 50% from the fossil power plants). - Highlights: • We model the current and future power generation situation of Saudi Arabia. • We take into account the integration of the other alternative resources. • We consider different scenarios of power generation structure for the country. • Optimal generation mix can release considerable amount of oil for export

Exporting climate change and environmental degradation. How Dutch public money is used to finance the oil industry

International Nuclear Information System (INIS)

Hamilton, J.; Stockman, L.; Muttitt, G.; Horta, K.; Kochladze, M.; Lisitsyn, D.; Barannikova, N.

2005-06-01

According to this report Dutch public money is being used to support oil production in developing countries through Multilateral Development Banks (MDBs) such as the World Bank and European Bank for Reconstruction and Development (EBRD), and other International Financial Institutions (IFIs) such as Atradius (the Dutch Export Credit Agency) and the European Investment Bank (EIB). The Dutch government contributes to MDBs in two ways: through financial contributions using public money and by voting on the boards of the banks. This report demonstrates the need for far greater parliamentary oversight over the Dutch role in MDBs to keep the use of Dutch public money in line with Dutch government policy. Three case studies illustrate that recent oil projects financed and supported by MDBs and other Dutch government departments are failing the poor and undermining national and international targets on development and climate change: the Cameroon Pipeline in West Africa; the Baku-T'bilisi-Ceyhan pipeline system in the South Caucasus and the Sakhalin-II Oil and Gas Project in far eastern Russia.

The Russian oil

International Nuclear Information System (INIS)

Rucker, Laurent

2003-01-01

This article proposes a brief discussion of various assessments of Russian oil reserves, of the evolutions of Russian oil production (Russia is the second world producer after Saudi Arabia), of the distribution of Russian oil exports among various regions, and of the decrease of Russian oil consumption between 1992 and 2002. It describes the evolution of the actor system as the oil sector has been largely privatised since 1992, and indicates the main companies which should control the Russia market on a medium term. It also discusses the obstacles for the development of Production Sharing Agreements (PSA) between these companies. It addresses the issue of modernisation of the oil transport system as its status and its condition are often an obstacle to oil export for Russian companies. The article finally discusses the price issue, the relationship between Russia and other OPEC countries, and the need for huge investments

The US Natural Gas Exports: New Rules on the European Gas Landscape

International Nuclear Information System (INIS)

Cornot-Gandolphe, Sylvie

2016-06-01

This study addresses the consequences of US Liquefied Natural Gas (LNG) exports towards Europe, in particular on the strategy of Russia, the EU's main gas supplier. The shale gas revolution has profoundly changed the US gas scene and the competitiveness of gas on the US market. The abundant resources and sharp rise in production have resulted in surplus production and have driven the US gas prices down. The price spread between regional markets (United States, Europe, and Asia) has led US producers to look for new export opportunities. After a lively debate between advocates of exports, mainly gas producers, and their critics, mainly the major industrial users who were worried about a price increase, US LNG exports started in late February 2016 with the first cargo from the Sabine Pass (Cheniere) liquefaction plant exported to Brazil. Four other liquefaction plants are currently under construction. In 2020, the United States could become the third largest exporter in the world after Australia and Qatar. The US LNG exports will revolutionise international trade in LNG. Their contract structure (linked to the US gas spot price, no destination clauses, and tolling agreements) and the projected volumes will enable greater flexibility in the international LNG market and facilitate price convergence between regional markets. However, the US exports are starting in a market very different from that envisioned at the start of the 2010's when the export projects were launched. The drop in oil prices, the entry into production of new liquefaction capacities since 2014, and the slowdown in demand growth in Asia have driven LNG prices down on import markets. After four years of tight supply, the market is now in a surplus situation which should continue until the turn of the decade. These new conditions are profoundly changing the economics of US LNG export projects, which is questioned in the short term: the current prices are insufficient to cover the full cost of the

Asian oil demand

International Nuclear Information System (INIS)

Fesharaki, F.

2005-01-01

This conference presentation examined global oil market development and the role of Asian demand. It discussed plateau change versus cyclical movement in the global oil market; supply and demand issues of OPEC and non-OPEC oil; if high oil prices reduce demand; and the Asian oil picture in the global context. Asian oil demand has accounted for about 50 per cent of the global incremental oil market growth. The presentation provided data charts in graphical format on global and Asia-Pacific incremental oil demand from 1990-2005; Asia oil demand growth for selected nations; real GDP growth in selected Asian countries; and, Asia-Pacific oil production and net import requirements. It also included charts in petroleum product demand for Asia-Pacific, China, India, Japan, and South Korea. Other data charts included key indicators for China's petroleum sector; China crude production and net oil import requirements; China's imports and the share of the Middle East; China's oil exports and imports; China's crude imports by source for 2004; China's imports of main oil products for 2004; India's refining capacity; India's product balance for net-imports and net-exports; and India's trade pattern of oil products. tabs., figs

Multinational retailers and home country food exports

OpenAIRE

Cheptea, Angela; Latouche, Karine; Emlinger, Charlotte

2015-01-01

This article questions whether food exports to a given national market are impacted by a domestic retailer opening in that market. To answer this question, we considered an empirical gravity-type trade model. We tested our model with data on bilateral exports of food products sold in supermarkets (groceries) on a large panel of countries, as well as the foreign grocery sales of the world’s 100 largest retail companies from 2001–2010. We found a strong positive effect of the overseas presence ...

Soviet Union oil sector outlook grows bleaker still

International Nuclear Information System (INIS)

Anon.

1991-01-01

This paper reports on the outlook for the U.S.S.R's oil sector which grows increasingly bleak and with it prospects for the Soviet economy. Plunging Soviet oil production and exports have analysts revising near term oil price outlooks, referring to the Soviet oil sector's self-destructing and Soviet oil production in a freefall. County NatWest, Washington, citing likely drops in Soviet oil production and exports (OGJ, Aug. 5, p. 16), has jumped its projected second half spot price for West Texas intermediate crude by about $2 to $22-23/bbl. Smith Barney, New York, forecasts WTI postings at $24-25/bbl this winter, largely because of seasonally strong world oil demand and the continued collapse in Soviet oil production. It estimates the call on oil from the Organization of Petroleum Exporting Countries at more than 25 million b/d in first quarter 1992. That would be the highest level of demand for OPEC oil since 1980, Smith Barney noted

'From Start to Finnish': Handbook For Exporting A Theatre Play

OpenAIRE

Tanskanen, Milka; Mäkinen, Annemari

2014-01-01

Exporting Finnish culture is one of the themes the Finnish Ministry of Education and Culture has carried out over the last few years. ‘From Start to Finnish’ project was a mission to strenghten the state of theatre export in Finland. In the project, government subsidised theatres in Finland export their plays to the Edinburgh Festival Fringe, the largest arts festival in the world. The thesis is product-based as the authors created a handbook to combine all the steps to be taken when expo...

Straw export in continuous winter wheat and the ability of oil radish catch crops and early sowing of wheat to offset soil C and N losses: A simulation study

DEFF Research Database (Denmark)

Peltre, Clément; Nielsen, M; Christensen, Bent Tolstrup

2016-01-01

The export of winter wheat straw for bioenergy may reduce soil C stocks and affect N losses. Establishing fast-growing catch crops between successive wheat crops could potentially offset some of the C and N losses. Another option is to sow wheat earlier, increasing biomass production during...... the autumn. The effects of straw export, oil radish catch crop and early sowing of wheat on soil C storage, N leaching losses and N2O emissions were simulated by applying the Daisy model to winter wheat grown continuously for a period of 100 years on a sandy loam soil in a Danish climate. The simulations....... Inclusion of the oil radish catch crop could offset this loss by 2–3 percentage points. Earlier sowing of wheat increased straw production by 18% and reduced loss of soil C by 3–5 percentage points compared to normal sowing time with full straw export. Catch crops and early sowing also reduced N...

Fiscal Policy for Renewable Energy Sources and Its Economic Impact

OpenAIRE

Helbra Tenrini, Rita; Suryo Nugroho, Sidiq

2014-01-01

Indonesia is the largest producers of palm oil. Along with the increasing demand for renewable energy source, palm oil will turn to be a very important commodity in the future. The palm oil industry will gain more value-added if they export the commodities in processed materials rather than raw materials. On the other hands palm oil industry more likely to export raw material, because there’s no incentives for them to export processed materials. Therefore, to give an incentive to palm oil ind...

China’s wood furniture manufacturing industry: industrial cluster and export competitiveness

OpenAIRE

Yang, hongqiang; Ji, Chunyi; Nie, Ning; Hong, Yinxing

2012-01-01

China is the largest furniture exporter in the world. Its wood furniture industry has become an important part of the country’s forestry economic development. Hence, investigating China’s furniture industry cluster and export competitiveness is favorable for the sustainable development of China’s forestry industry. This study indicates that, under the guidance of the export-oriented strategy of China’s reform and opening up for 30 years, the country’s furniture industry has formed three big i...

The other side of oil dependence

International Nuclear Information System (INIS)

Mitchell, John V.

2006-01-01

Policy makers in oil-importing countries express concern about political instability in exporting countries, and their willingness to invest for future exports. In fact, the petroleum exporting countries are more dependent on oil trade than the importing countries, and can be expected to invest to support this trade. They depend on growing foreign currency earnings and government revenue to sustain their economic growth and face difficult adjustments when, in the future, petroleum production ceases to grow. Failure to invest in the petroleum sector would accelerate their difficulties, but they also need to develop an export-oriented, tax generating growth outside petroleum

The impact of the Gulf crisis on world oil and OPEC

International Nuclear Information System (INIS)

Mabro, R.

1994-01-01

The 1990-91 Gulf conflict involved oil as a major factor or significant objective from the viewpoint of all countries involved. Low oil prices, favored by Kuwait, limited Iraqi revenues. Iraq pressed the Organization of Petroleum Exporting Countries (OPEC) to raise oil prices, leading to tensions with Kuwait, with which Iraq also had long-standing territorial claims. The desire to protect access to the world's largest oil supplies was a factor in the USA's rapid reaction to the Iraqi invasion of Kuwait in August 1990. The initial response was an embargo on exports from Iraq and occupied Kuwait; this removed from the world oil market an estimated 4.5-5 million bbl/d. Although the spot price of oil rose to $27/bbl two weeks after the invasion, the market had significant supply-side flexibility. Major increases in output from Saudi Arabia and the United Arab Emirates almost entirely compensated for the lost production, stopping the upward movement of oil prices. These peaked in September 1990, stabilized, and fell dramatically in January 1991. The fall was helped by speculator selloffs, the perception that Iraq would soon be defeated under the recently begun air attacks, and the USA decision to sell from its strategic reserves. One effect of the crisis was a disturbance of output distribution among OPEC members; the Saudis and Emirates were unwillling to give up higher output levels to accommodate the return of Kuwait, thus making OPEC production quotas more difficult to achieve. Another effect was an increase in the political dependence of the Arab Gulf countries on the Western powers, particularly the USA, as the only credible guarantor of regional security. This further inhibits moves by OPEC to control oil prices or production

The instability of world oil market and its impact on economic development: Indonesia's experience

International Nuclear Information System (INIS)

Patmosukismo, S.

1991-01-01

The world oil market has been characterized by fluctuating prices which have a direct impact on the world economy. If the world oil price rises in real terms, upstream activities become more attractive to producers, and if the price declines, downstream opportunities become more attractive. The world oil market is currently determined not only by producers and consumers, but also by the futures trade. In addition, the elasticity of oil prices has increased since the 1970s through competition among producers and competition from other energy sources. The Asia Pacific countries are experiencing rapid economic growth, and are thus heavily dependent on oil, but generally have small reserves. Their reserves/production ratio is ca 20 years, with a major share coming from China and Indonesia. The current situation of tight and inadequate supply may increase the region's dependence on Middle East sources. The effects of the three recent major oil crises on the Asia Pacific countries are reviewed and the role of oil and gas in Indonesia's economic development is described. Export earnings from oil and gas represent a major share of total Indonesian export revenues, and taxes and receipts from oil companies continue to be the largest receipts in Indonesian government revenues. Slow changes in the primary fuel mix and high growth in domestic consumption may turn Indonesia into a net oil importer before the year 2000. A major effort to decrease domestic oil consumption has been implemented by using natural gas and coal in the power generation sector. On the supply side, recoverable oil and gas reserves of 50 billion bbl and 200 trillion ft 3 respectively may be present but their development depends on the investment scheme of the continuing exploration program

An analysis of macroeconomic fluctuations for a small open oil-based economy: The case of Saudi Arabia

Science.gov (United States)

Al-Abdulkarim, Bander B.

The increasing fluctuations in the oil prices through the last decades have been transferred to the oil exporting countries. Thus, many oil exporting countries experienced significant changes in the economic activity due to changes in the oil markets. In light of this, oil exporting countries have attempted to implement a policy that would stabilize the fluctuations in the oil markets recognizing the adverse effects of such behavior on oil exporting countries, as well as oil importing countries. Saudi Arabia, as the largest oil-exporting country and a member of OPEC, takes the role of oil-markets stabilizer by behaving as the swing producer. This role has caused the global economic fluctuations to transfer into the domestic economy. In addition, Saudi Arabian government has adopted a fixed exchange rate currency regime. Although it has contributed to domestic price stabilizations, this policy has also exposed the country to global economic disturbances. The purpose of the study is to empirically investigate these aspects for Saudi Arabia. First, the effects of shocks originated in the international markets on the Saudi Arabian economy. Second, how the fixed exchange rate regimes influences the domestic macroeconomic variables. Third, to what extent the oil sector contributes to the non-oil domestic fluctuations. Finally, how the findings from the study can be explained by economic theory. In pursuing this, there are four economic theories that are considered to explain the causes of business cycles. These theories are Classical Theory, Keynesian Theory, Monetarist Theory, and the Real Business Cycles. In addition, a theoretical model is derived that is suitable for an oil-based economy. The model follows the set up of McCallum and Nelson (1999). Then, the empirical models of Structural Vector Autoregression (SVAR) and Error Correction Model (ECM) are implemented with three different specifications: Choleski Decomposition, Block Exogeneity and long-run Cointegration

Oil Producers vulnerability: restrictions for oil supply strategy - OPEC, Mexico and Norway; Indicadores de vulnerabilidade do produtor de petroleo: restricoes a estrategia de oferta - OPEP, Mexico and Norway

Energy Technology Data Exchange (ETDEWEB)

Delgado, Fernanda; Schaeffer, Roberto; Szklo, Alexandre [Universidade Federal do Rio de Janeiro (UFRJ), RJ (Brazil). Coordenacao dos Programas de Pos-Graduacao de Engenharia (COPPE)

2008-07-01

Few analysts address the socio-economic vulnerability faced by large oil producers countries that restricts their oil supply strategies. However, such as net import countries may be vulnerable to oil supply, large oil exporters countries may also become vulnerable due to their socio-economic dependence on oil, as export revenues are so important to their wealth generation and their populations' well-fare status. The objective of this paper is to evaluate the vulnerabilities of some oil exporters as the OPEC's member-countries, Mexico and Norway face, or may face, and that may restrict their degree of freedom for productive decision making (including investments) and for elaborating oil supply strategies (aiming at taking a larger share of the oil revenue). In order to do that this paper is divided in 3 sections. Initially, socio-economic vulnerability indicators for the oil exporting countries are presented, built and analyzed. Socio-economic vulnerability indicators comprehend, for instance, the following dimensions: physical, productive, fiscal, commercial, macroeconomic and social. The next section regards the application of a multi criteria method, the AHP - Analytic Hierarchy Process in order to summarize and organize the indicators. Finally, implications of the socio-economic vulnerabilities of these oil export countries for the world oil supply and price are derived. (author)

GLOBAL PROSPECTS OF SYNTHETIC DIESEL FUEL PRODUCED FROM HYDROCARBON RESOURCES IN OIL&GAS EXPORTING COUNTRIES

Directory of Open Access Journals (Sweden)

Tomislav Kurevija

2007-12-01

Full Text Available Production of synthetic diesel fuel through Fischer-Tropsch process is a well known technology which dates from II World War, when Germany was producing transport fuel from coal. This process has been further improved in the South Africa due to period of international isolation. Today, with high crude oil market cost and increased demand of energy from China and India, as well as global ecological awareness and need to improve air quality in urban surroundings, many projects are being planned regarding production of synthetic diesel fuel, known as GTL (Gas To Liquid. Most of the future GTL plants are planned in oil exporting countries, such are Qatar and Nigeria, where natural gas as by-product of oil production is being flared, losing in that way precious energy and profit. In that way, otherwise flared natural gas, will be transformed into synthetic diesel fuel which can be directly used in all modern diesel engines. Furthermore, fossil fuel transportation and distribution technology grid can be used without any significant changes. According to lower emissions of harmful gasses during combustion than fossil diesel, this fuel could in the future play a significant part of EU efforts to reach 23% of alternative fuel share till 2020., which are now mostly relied on biodiesel, LPG (liquefied petroleum gas and CNG (compressed natural gas.

Russian oil prices: courting the world market

International Nuclear Information System (INIS)

Khartukov, E.M.

1995-01-01

The export and oil pricing of Russian crude was discussed. Russian crude and oil product exports are not yet wholly competitive with world oil markets. It was suggested that to do so, would be neither desirable nor actually possible at present. The reason for this is related to Russia's export duties regime and Russia's trade with its neighbouring countries which include the former Soviet republics. In the first half of 1995, the average border price of crude destined for those countries was US$75.04/tonne as opposed to US$114.77/tonne for crude exported to 'far-abroad', hard-currency markets. A breakdown of Russia's export duties for liquid fuels and a typical breakdown of export and domestic prices for Russian oil was provided. Russian crude is considerably under-priced mainly because of the poor state of the national refining industry which is in need of radical modernization. It was suggested that instead of globalization, it would be more appropriate to redirect the priorities of Russian energy policy towards defining optimal use of Russia's available energy potential, and rationalizing its domestic price structure first, which is the root cause of the national price problem. 5 refs., 5 tabs., 2 figs

A New Era of Oil Abundance?

International Nuclear Information System (INIS)

Aoun, Marie-Claire

2015-01-01

From 2014 to 2015, the price of oil fell. The price drop is explained by several factors: a significant increase of oil production in the United States, the resumption of Libyan and Iraqi exports, the possible lifting of sanctions against Iran, and slowing growth in developing countries. The situation is having negative effects on oil-producing countries, but the Organization of the Petroleum Exporting Countries (OPEC) remains divided as to its stance on the situation, making it all the more difficult to predict future trends in oil prices

Oil and gas trends and implications in Malaysia

International Nuclear Information System (INIS)

Rahim, Khalid Abdul; Liwan, Audrey

2012-01-01

The trends of reserves, production and consumption of oil in Malaysia to meet the ever-increasing demands do not seem to show that oil and gas will be depleted soon, contrary to many reports. Malaysia’s net exporter status of oil continues to expand over time for as long as the value of exports is greater than the value of imports. Only in physical quantities of oil that Malaysia’s imports exceed exports, but this does not mean that Malaysia will be a net importer by then. Given higher prices of exports, the value of exports outweighs the value of imports. If the current reserves are extracted based on the domestic consumption trend of 1980–2010, Malaysia’s reserves will last until 2027 but based on the 1998–2010 trend, the reserves will be depleted by 2035. Malaysia has adopted a four fuel diversification strategy comprising oil, gas, coal and hydro, instead of heavily dependent on oil. Gas has a huge potential for domestic utilization as well as for exports to increase revenues. Malaysia is one of the few countries having many types of renewable energy sources. Malaysia has great potential in biomass utilization as renewable resources mostly from the existing natural forest and planned plantations. - Highlights: ► The quantities of petroleum production and consumption are expected to converge. ► Malaysia’s status as a net exporter in value terms is expected to expand. ► With slower consumption trend, petroleum reserves will be depleted by 2035. ► There is a large potential in natural gas utilization in Malaysia. ► Renewable energy is abundant for the fuel diversification policy for Malaysia.

One last boom : Alberta's rapidly expanding oil mines may be the largest and messiest industrial projects in Canadian history

International Nuclear Information System (INIS)

Laird, G.

2001-01-01

The bitumen deposits of Alberta, 2.5 trillion barrels of oil, of which 300 billion are considered recoverable, represent the greatest single petroleum resources of the world, based on surface and subsurface calculations. Four deposits, covering an area the size of New Brunswick, are located in the area stretching from Cold Lake to Lloydminster (east of Edmonton), the upper reaches of the Athabasca River east to the Peace River. The largest by far is the Athabasca deposit in the vicinity of Fort McMurray, spread over 4.3 million hectares. The deposit is at the centre of the biggest industrial expansion witnessed by the province. Since 1996, 38 billion dollars worth of new projects have been announced. It is estimated that by 2025, the bulk of the national oil production will originate from open-pit mines and underground wells around Fort McMurray. This oil boom has economic benefits for the population, from welders to real estate agents to stakeholders. The environmental effects are not as beneficial. Huge strip mines are being carved next to the Athabasca River, with great amounts of greenhouse gases emissions. The Suncor and Syncrude oil-sands plants combined represent the fourth largest carbon dioxide emission source in Canada. The development of these projects dramatically affects global warming. The nitrogen and sulphur emissions could also acidify lakes and soil in the region. The Suncor mine resulted from the first boom to hit Fort McMurray in 1964. The Syncrude mine is the result of the second boom which took place in 1973. In 1996, Suncor installed a sulphur scrubber system that removes 95 per cent of sulphur dioxide from the electricity and steam-generation plant. Suncor also invested in various projects, such as wind-power, rainforest cultivation and biomass generation. The volume of pollution increases as the operations expand, even if operations are cleaner. If no new gains in pollution control are achieved, it is expected that by 2015, the total

Oil and the political economy of energy

International Nuclear Information System (INIS)

Matutinovic, Igor

2009-01-01

The key issues concerning oil exploitation are still open for discussion: there is no agreement about where we presently stand in the world oil extraction curve, what is its exact shape, and how far can oil price grow before it changes irreversibly the world economy and consumer behavior. The paper proposes an alternative scenario to the Hubbert's bell-shaped model of oil exploitation, based on more realistic assumptions regarding political agendas in oil-exporting countries and consumer behavior dynamics in oil-importing countries. Under this scenario, the joint impact of markets and public policy in oil importing countries together with 'resource pragmatism' policy in oil-exporting countries allows for a less steep oil supply curve with a much fatter tail compared to the Hubbert's model.

Technological barriers to the growth of the export potential of Russian grain industry

Directory of Open Access Journals (Sweden)

O. A. Eremchenko

2017-01-01

Full Text Available Russia is the world's largest wheat exporter. The sales volume on foreign markets in 2015 amounted to $3.9 billion, or 10.1% of global exports. By the end of 2015, the volume of exports of agricultural products exceeded revenues from sales of arms in foreign markets. However, in dollar terms, wheat exports correspond to only a fifth place in the world. The article analyzes the reasons for a significant gap in the volume of exports and revenue, barriers to the development of export of agricultural deep processed products. The assumption is made that the development of technologies for deep processing of grain crops will increase the share of exports of Russian products with high added value.

Giant Oil Fields - The Highway to Oil: Giant Oil Fields and their Importance for Future Oil Production

International Nuclear Information System (INIS)

Robelius, Fredrik

2007-01-01

Since the 1950s, oil has been the dominant source of energy in the world. The cheap supply of oil has been the engine for economic growth in the western world. Since future oil demand is expected to increase, the question to what extent future production will be available is important. The belief in a soon peak production of oil is fueled by increasing oil prices. However, the reliability of the oil price as a single parameter can be questioned, as earlier times of high prices have occurred without having anything to do with a lack of oil. Instead, giant oil fields, the largest oil fields in the world, can be used as a parameter. A giant oil field contains at least 500 million barrels of recoverable oil. Only 507, or 1 % of the total number of fields, are giants. Their contribution is striking: over 60 % of the 2005 production and about 65 % of the global ultimate recoverable reserve (URR). However, giant fields are something of the past since a majority of the largest giant fields are over 50 years old and the discovery trend of less giant fields with smaller volumes is clear. A large number of the largest giant fields are found in the countries surrounding the Persian Gulf. The domination of giant fields in global oil production confirms a concept where they govern future production. A model, based on past annual production and URR, has been developed to forecast future production from giant fields. The results, in combination with forecasts on new field developments, heavy oil and oil sand, are used to predict future oil production. In all scenarios, peak oil occurs at about the same time as the giant fields peak. The worst-case scenario sees a peak in 2008 and the best-case scenario, following a 1.4 % demand growth, peaks in 2018

Middle East gas export projects: The case of Abu Dhabi

International Nuclear Information System (INIS)

Al Marzooqi, H.

1995-01-01

Abu Dhabi is ranked in the industry journals in the top 5 in the world tables of both oil and gas reserves. Gas is produced both Onshore and Offshore from associated and non-associated fields. Production has tripped during the last ten years and will increase further in the next few years as a result of current and planned investment. Development of Abu Dhabi's gas resources is aimed at enhancing oil production and recovery, meeting local and export demand and eliminating waste. Companies in Abu Dhabi are involved in all the main sectors of gas industry including production, processing, transportation and sales. The first large LNG export project by sea in Arabian Gulf was established in 1977 from Abu to Japan. Development continues and the gas is exported as LNG and is also processed into LPG and Pentane Plus for export. Japan remains the main market. The volume of Condensate available for export and processing will increase significantly in the next few years. In order to ensure a continuing and increasing supply of gas to world markets, in future years, prices will need to provide an adequate return on investment and should also reflect the environmental advantages of gas. 9 tabs

NEB view of development potential and markets for heavy crude oil. [Canada

Energy Technology Data Exchange (ETDEWEB)

Scotland, W A; Gutek, A M.H.

1977-01-01

The phased reduction in total crude oil and equivalent exports, from 911 Mpbd in 1974 to 465 Mbpd in 1976, has no doubt had a disruptive effect on the rate of development of heavy crude oil reserves. The effect could have become more series as total exports continued to drop. However, the separate licensing of heavy crude oil for export will allow heavy crude oil to enter available markets until the early 1980s. The construction of one or several upgrading facilities by the early 1980s, combined with growing domestic requirements for heavy crude oil feedstock, could make the disposition of heavy oil largely independent of the purchasing patterns of export markets. The prospect of increased market stability combined with increasing cash flows should provide an appropriate environment to optimize the role that heavy oil resources can play in Canada's future energy balance. (12 refs.)

The Kashagan Field: A Test Case for Kazakhstan's Governance of Its Oil and Gas Sector

International Nuclear Information System (INIS)

Campaner, N.; Yenikeyeff, S.

2008-01-01

This study focuses on the factors behind Kazakhstan's decision to renegotiate the terms of the existing Production Sharing Agreements (PSAs) with International Oil Companies (IOCs), in the context of the development of the huge Kashagan oil field. The development of Kashagan, one of the largest and most recently discovered oil fields in Kazakhstan, is crucial for Kazakhstan's ambitions of becoming a global oil producer. Kazakhstan, which has the largest oil reserves in the Caspian Sea region, is the second largest regional producer after Russia in the former Soviet Union. The country's potential for oil exports is also strategically significant as a future source of non- OPEC supplies. Amongst the CIS states, Kazakhstan is considered one of the most open countries for foreign investments. International projects in the form of Joint Ventures, Production Sharing Agreements (PSAs) or exploration/field concessions have brought foreign investments into the country's natural resources sector, particularly in the oil and gas industry. However, new developments have recently taken place, which have marked a shift in the Kazakh government's approach towards foreign investment in its energy sector. This study will therefore examine the following issues: - Kazakhstan's plans to abandon the practice of attracting foreign investments in its energy sector through new PSAs. - The recent entry of state-controlled KazMunaiGaz into the consortium operating over the Kashagan field and its impact on IOCs. - The impact of high oil prices on the negotiating power of producer states in the context of Kazakhstan's new stance on PSAs. Specifically, this study will focus on the following key factors, which will seek to further explain the changes in Kazakhstan's attitude toward the Kashagan PSA2: - Operational factors - management of the project, development strategy, cost estimates, levels of production and export markets. - Consortium factors - the relative strength of the investment

A New Era of Oil Abundance?

International Nuclear Information System (INIS)

Aoun, Marie-Claire

2015-09-01

From 2014 to 2015, the price of oil fell. The price drop is explained by several factors: a significant increase of oil production in the United States, the resumption of Libyan and Iraqi exports, the possible lifting of sanctions against Iran, and slowing growth in developing countries. The situation is having negative effects on oil-producing countries, but the Organization of the Petroleum Exporting Countries (OPEC) remains divided as to its stance on the situation, making it all the more difficult to predict future trends in oil prices. Reprint of an article published in 'Politique Etrangere', vol. 80, no.4, Winter 2015. (author)

COMPETITIVENESS OF CANADIAN AGRI-FOOD EXPORTS AGAINST COMPETITORS IN ASIA: 1980-97

OpenAIRE

Chen, Kevin Z.; Duan, Yufeng

2001-01-01

Asia is the second largest market for the Canadian agri-food exports after the United States market. The competition in Asia has become more intensive in recent years as the agri-food sector in developed nations such as Australia, Canada, Europe, and the United States has increasingly relied on exports for growth because of their own slow-growing domestic food consumption. How did the performance of Canadian agri-food exports to Asia measure up to the performances of its main competitors? Thi...

Oil and the political economy of energy

Energy Technology Data Exchange (ETDEWEB)

Matutinovic, Igor [GfK-Center for Market Research, Zagreb (Croatia)

2009-11-15

The key issues concerning oil exploitation are still open for discussion: there is no agreement about where we presently stand in the world oil extraction curve, what is its exact shape, and how far can oil price grow before it changes irreversibly the world economy and consumer behavior. The paper proposes an alternative scenario to the Hubbert's bell-shaped model of oil exploitation, based on more realistic assumptions regarding political agendas in oil-exporting countries and consumer behavior dynamics in oil-importing countries. Under this scenario, the joint impact of markets and public policy in oil importing countries together with 'resource pragmatism' policy in oil-exporting countries allows for a less steep oil supply curve with a much fatter tail compared to the Hubbert's model. (author)

Mismanagement of Oil and Gas Resource Revenues in Africa: Lessons for Ghana’s Budding Oil and Gas Industry

Science.gov (United States)

2013-06-13

discovered in Venezuela in the 1920s and the country immediately set about diversifying its production and export structure. Prior to the oil discovery... exports of coffee and cocoa and dependence on its agricultural structure (Di John 2009, 19). After the discovery of oil, the country became a...32 Venezuela as a Case Study

Trinidad and Tobago: World Oil Report 1991

International Nuclear Information System (INIS)

Anon.

1991-01-01

This paper reports that Trinidad and Tobago has decided to increase its oil export revenue by pumping as much crude as possible. This island nation consequently has embarked on a $403-million expansion project that covers everything from initiating secondary recovery at a number of fields to upgrading the Point a Pierre refinery. Trinidad and Tobago Oil Co. (Trintoc) is operating the project and has received a $260-million loan from the Inter-American Development Bank. Another $75 million is coming from the Export-Import Bank of Japan and the European Investment Bank. Trintoc based the work on $22 oil, a level still not achieved for any duration, but the firm shows every sign of finishing the project as planned. Completion of work should impact the nation significantly. Crude oil and products account for 60% of all exports and 24% of governmental revenue. However, oil production has tumbled about 65,000 bpd from a 1978 peak of 215,000 bpd

The role of oil palm companies in Indonesia as a nation's competitive advantage

Science.gov (United States)

Tampubolon, N.; Pasaribu, M.

2017-09-01

Indonesia is the largest world Crude Palm Oil (CPO) producer with Malaysia in second place. This agricultural commodity has become a chief Indonesian foreign exchange earner behind fossil fuel exports. In 2016, the export value of this commodity reached USD 17.8 billion. Historically, Malaysia has been more advanced in the CPO delivery, which can be explained by the general companies’environment of management, technological advancement and engineering, human resource skills and superior external support, such as road infrastructure, regulations and research& development by the industry and government. It is clear from data that the Indonesian production is disadvantaged by a wide range of inefficiencies. They range from limited technology and production management skills to limitedcultivation advancement. Applications of technical improvements are desired to enhance the national competitive advantage to the next level. This paper is an exploration of the current management culture and to consider a strategic management model that would be the most appropriate for Indonesia and would enourage high end technology and plantation management. A gradual level improvement would enable Indonesia to compete on a global scale as an industry leader in the palm oil market.

Exploring potential and opportunities for pakistan cotton export

International Nuclear Information System (INIS)

Afridi, G. S.; Tariq, S. A.

2016-01-01

Agriculture is the single largest shareholder to GDP an employment to labour force. It has major share in export but unfortunately unable to meet international standards. This study aims to analyze the pattern of Pakistan cotton export, and to explore sector's export potential and opportunities. This new research endeavor with well-tested analytical tools enabled the trade experts and policy makers to explore the answer of lackness for diversification in export, HS-2- digits aggregated data for cotton sub-sectors have been used with latest data from 2004 to 2013 for the panel 39 countries. Revealed comparative advantage (RCA) index and gravity model approach was employed considering country and time specific fixed effect. The RCA index revealed that cotton sub-sectors have comparative advantage in export and there is gradual gain in the competitiveness with time. The opportunity exists in the markets of low, lower-middle and upper middle income countries and countries those have fair trade (low tariff and non-tariff barriers) for cotton export. Greater export potential lies with malaysia, kenya jordan, thailand, mauritius, netherlands norway, Australia and russian federation for export of cotton, however, export potential for cotton has been exhausted with canada, france, india, iran and saudi arabia. The study provide the policy information that countries of Latin america, eastern europe, central asia and northern africa are virgin for export. Therefore, pakistan should penetrate in these markets for export of cotton and other agricultural products. cognizant to new trade theories, pakistan focus on quality to gain maximum trade volume in the markets of high income countries, Pakistan may develop trade agreement with ASEAN, SAFTA, and EU-27 for export of agricultural products. (author)

An empirical study to determine the critical success factors of export industry

Directory of Open Access Journals (Sweden)

Masoud Babakhani

2011-01-01

Full Text Available Exporting goods and services play an important role on economy of developing countries. There are many countries in the world whose economy is solely based on exporting raw materials such as oil and gas. Many believe that countries cannot develop their economy as long as they rely on exporting one single group of raw materials. Therefore, there is a need to help other sectors of industries build good infrastructure for exporting diversified products. In this paper, we perform an empirical analysis to determine the critical success factors on exporting different goods. The results are analyzed using some statistical non-parametric methods and some useful guidelines are also suggested.

Competitiveness of Indonesian Shrimp Compare with Thailand Shrimp in Export Market

Directory of Open Access Journals (Sweden)

Lina Asmara Wati

2013-09-01

Full Text Available With the water area accounts for 81 percent of the total area, fishery is a major business in Indonesia. As one of the world's largest shrimp exporting countries, Indonesia also relies on the revenues of shrimp exports in the international markets. This research compared the competitiveness of shrimp export from Indonesia and Thailand to Japan and US. The indicator adopted in this research was the RCA index. In this research collected secondary data from 1989 to 2010 for analysis. Results showed RCA values of Indonesia were higher than 1, which indicates advantaged competitiveness of Indonesia shrimp exports in the liberalized markets. Nevertheless, compared with Thailand, Indonesia remained relatively disadvantaged. To reinforce the Indonesian shrimp export, necessary infrastructure, such as networks shipment or delivery, packaging and transportation, must be improved. Further researches to determine the factors affecting competitiveness of export shrimp in liberalized market, make and analyze for the policy strategy formulation of Indonesia shrimp export in liberalized market are also advised.Keywords: Competitiveness; Indonesian Shrimp Export; RCA.

Oil price reduction impacts on the Iranian economy

Directory of Open Access Journals (Sweden)

Abdollah Mahmoodi

2017-12-01

Full Text Available economy. In order to simulate this shock, the global trade analysis project (GTAP model with its data done by using. In the new created data aggregation, oil exporting in Iran and the rest of the world countries as economic new regions, ten new economic sectors have been created, among which the oil is introduced as one sector as well as five endowments. The standard economic closure was changed, and decline in world oil price was simulated in model as a policy shock. The results show that oil export revenue and the mineral commodity export earnings will decrease, but other production sectors’ exports will increase. The trade balance of Iran will be affected negatively and strongly. Also, oil and other services production decreased. In the production sectors’ market, the demand for labor, natural resources, and investment decreased dramatically, and the demand for land increased. Using equivalent variation (EV, changes in Iran’s welfare is high negative. Finally, deflation, reduction in value and quantity of GDP and changes in consumption combination from public to private sector are the other economic impacts of reduction in oil price on Iran’s economic. It is suggested that future studies are done using dynamic models and up-to-date data. In addition, policy makers need to rebound internationally and within OPEC to raise oil prices.

Factors influencing changes in U.S. hardwood log and lumber exports from 1990 to 2011. BioResources

Science.gov (United States)

William G. Luppold; Matthew S. Bumgardner

2013-01-01

Domestic consumption of hardwood products in the United States since 2000 has trended downward, making exports the single most important market for higher grade hardwood lumber and a major market for higher value hardwood logs. Between 1990 and 2011, hardwood lumber exports increased by 46%. During most of this period, Canada was the largest export market for U.S....

A system dynamic model for production and consumption policy in Iran oil and gas sector

International Nuclear Information System (INIS)

Kiani, Behdad; Ali Pourfakhraei, Mohammad

2010-01-01

A system dynamic model is presented, which considers the feedback between supply and demand and oil revenue of the existing system in Iran considering different sectors of the economy. Also the export of the oil surplus and the injection of the gas surplus into the oil reservoirs are seen in the model by establishing a balance between supply and demand. In this model the counter-effects and existing system feedbacks between supply and demand and oil revenue can be seen considering different sectors of the economy. As a result, the effects of oil and gas policies in different scenarios for different sectors of Iran's economy together with the counter-effects of energy consumption and oil revenue are examined. Three scenarios, which show the worst, base and ideal cases, are considered to find future trends of major variables such as seasonal gas consumption in power plants, seasonal injected gas in oil reservoirs, economic growth in the industrial sector, oil consumption in the transportation sector, industrial gas consumption and exported gas. For example, it is shown that the exported gas will reach between 500 and 620 million cubic-meter per day in different scenarios and export revenues can reach up to $500 billion by 2025. - Research Highlights: →A system dynamic model analyzing the feedback between supply, demand and oil revenue is built. →The export of the oil surplus and the injection of the gas surplus into oil reservoirs are modeled. →Effects of oil and gas policies in different scenarios are examined for Iran's economy. →Counter-effects of energy consumption and oil revenue are examined. →Exported gas will reach between 500 and 620 million cubic-meter per day in different scenarios. →Export revenues can reach up to $500 billion by 2025.

The Kashagan Field: A Test Case for Kazakhstan's Governance of Its Oil and Gas Sector

Energy Technology Data Exchange (ETDEWEB)

Campaner, N.; Yenikeyeff, S.

2008-07-01

This study focuses on the factors behind Kazakhstan's decision to renegotiate the terms of the existing Production Sharing Agreements (PSAs) with International Oil Companies (IOCs), in the context of the development of the huge Kashagan oil field. The development of Kashagan, one of the largest and most recently discovered oil fields in Kazakhstan, is crucial for Kazakhstan's ambitions of becoming a global oil producer. Kazakhstan, which has the largest oil reserves in the Caspian Sea region, is the second largest regional producer after Russia in the former Soviet Union. The country's potential for oil exports is also strategically significant as a future source of non- OPEC supplies. Amongst the CIS states, Kazakhstan is considered one of the most open countries for foreign investments. International projects in the form of Joint Ventures, Production Sharing Agreements (PSAs) or exploration/field concessions have brought foreign investments into the country's natural resources sector, particularly in the oil and gas industry. However, new developments have recently taken place, which have marked a shift in the Kazakh government's approach towards foreign investment in its energy sector. This study will therefore examine the following issues: - Kazakhstan's plans to abandon the practice of attracting foreign investments in its energy sector through new PSAs. - The recent entry of state-controlled KazMunaiGaz into the consortium operating over the Kashagan field and its impact on IOCs. - The impact of high oil prices on the negotiating power of producer states in the context of Kazakhstan's new stance on PSAs. Specifically, this study will focus on the following key factors, which will seek to further explain the changes in Kazakhstan's attitude toward the Kashagan PSA2: - Operational factors - management of the project, development strategy, cost estimates, levels of production and export markets. - Consortium factors - the

International oil law

International Nuclear Information System (INIS)

Torkzad, B.

1997-01-01

The 1973 energy crisis demonstrated that the international petroleum industry is not totally free. Very often it has been the object of an organization, even during the domination of international oil companies which have established a petroleum international system with a system of concession rights. This system is based on an oligopolistic structure which had the characteristics of a monopoly. This vertically integrated structure of the world petroleum industry during the 1920-1950 era was more or less locked up by the system of concessions. The incompatibility of this system of excessively long concession contracts with the economical development needs of oil exporting countries has led to their abolishment. They have been replaced by new agreements. As soon as the creation of stable and permanent international oil organizations (OPEC, OAPEC, IEA), an institutional right has been established which has generated international rights and principles governing the contractual relations between oil exporting and oil importing countries. This international petroleum right is both original and specific, it is evolutive, contractual and normative. (J.S.)

Oil sands and heavy oil development issues and prospects under a Liberal government

International Nuclear Information System (INIS)

Shiry, J.

1993-01-01

A short review is presented of some of the factors affecting development of the western Canadian oil sands and heavy oil deposits to the year 2000. The Alberta oil sands resource has at least 1 trillion bbl of recoverable oil. At current prices, technology is the key to reducing costs to a more economic level. Cash operating costs have halved to $15/bbl over the past decade and the oil sands companies have programs to halve that figure again. A problem is the rising cost of natural gas as a fuel, which could jeopardize further development of both oil sand and heavy oil resources. In Saskatchewan, over 25 billion bbl of heavy oil are estimated to be in place. The biggest question is what percentage can be recovered; again, technology such as horizontal wells, 3-dimensional seismic, and steam assisted recovery is playing an important role. Concerns are expressed about the intentions of the new Liberal government concerning oil sand/heavy oil development, especially on the issues of foreign investment, exports, and environmental policy. A Liberal energy policy is not likely to allow U.S. direct investment in an oil sands plant to be tied to export of production, and the energy- and emissions-intensive nature of the oil sand/heavy oil industry will tend to make environmental approvals difficult

Competition for Export Markets and the Allocation of Foreign Aid

DEFF Research Database (Denmark)

Barthel, Fabian; Neumeyer, Erich; Nunnenkamp, Peter

We account for the competition for export markets among the donor countries of foreign aid by analyzing spatial dependence in aid allocation. We employ sector-specific aid data, distinguishing between first and second stage decisions on the selection of recipient countries and the amount of aid...... allocated to selected recipients. We find that the five largest donors react to aid giving by other donors with whom they compete in terms of exporting goods and services to a specific recipient country at both stages of their allocation of aid for economic infrastructure and productive sectors. By contrast......, evidence for export competition driving aid allocation is lacking for more altruistic donors and for aid in social infrastructure....

Causality Relationship between Crude Oil Variables and Budget Variables in Malaysia

OpenAIRE

Zakaria, Zukarnain; Shamsuddin, Sofian

2017-01-01

As an oil and gas exporter, Malaysia profited from higher world energy prices. However, the fall in oil prices from highs in 2014 significantly affected Malaysia’s government revenue (GR), hence its expenditure since the Malaysian GR still largely depends on oil revenues. Malaysia also has problems with high spending on energy subsidy, shrinking in its net crude oil export, and narrowing the gap between its crude oil production and consumption. Given this scenario, not only shocks in crude oi...

Is Estonian oil shale beneficial in the future?

International Nuclear Information System (INIS)

Reinsalu, Enno

1998-01-01

subsidization of oil processing is normal for the state as for an owner of all oil shale industry. Electricity is relatively cheap and the mining company has a possibility for producing concentrated oil shale for processing as a by-product. Particularly the mining company is interested in cash flow and agrees with cheaper trade oil shale concentrates than cost price. The motivation of subsidization on the State level is that the power company can not produce more electricity than it can trade at present, but the oil plant is able to trade all produced shale oil, including export. It is obvious that in the case of privatisation, the subsidisation of oil processing will cease. The power industry is utilising the largest part of the oil shale energy, but is delivering only 11-12% of the oil shale bed energy to the filial consumer. The reason is great losses in generation and distribution of electricity. The oil processing industry is also only delivering a low 10 per cent of the oil shale deposit energy, but oil is not as high quality of an energy form as electricity. A revision has been made of oil shale reserves according to market economy conditions. The bases for the prognosis is the electricity demand projection and the presumption that energy utilisation per gross domestic product must decrease significantly. One takes the energy rating of 35 G J per m 2 (about 10 MWh per m 2 ) as a critical value for a mine able bed. Mining fields have the energy rating from 36.5 to 46.3 G J per m 2 , with an average of 42.2 G J per m 2

Industry sector analysis, Mexico: Annual petroleum report. Export Trade Information

International Nuclear Information System (INIS)

1992-01-01

The comprehensive appraisal of the Mexican Petroleum industry was completed in July 1991. Some of the topics concerning the Mexican petroleum industry covered in the Annual Petroleum Report include: exploration efforts, oil reserves, pipelines, refining, finances, transportation, alternative energy sources, and others. The report also contains lists of petrochemicals produced in Mexico and extensive statistics on oil production and export prices

AN ANALYSIS OF DOMESTIC AND EXPORT DEMAND FOR U.S. COTTON

OpenAIRE

Marseli, Oussama; Epperson, James E.

2002-01-01

Expansion of the cotton industry depends on economic growth. Models were specified to estimate U.S. domestic and export demand with and without structural change. The results indicate that domestic demand increases with per capita GDP and decreases with rising oil prices. U.S. export demand for cotton expands with lower beginning stocks in the rest of the world and rising per capita income.

Trends in heavy oil production and refining in California

International Nuclear Information System (INIS)

Olsen, D.K.; Ramzel, E.B.; Pendergrass, R.A. II.

1992-07-01

This report is one of a series of publications assessing the feasibility of increasing domestic heavy oil production and is part of a study being conducted for the US Department of Energy. This report summarizes trends in oil production and refining in Canada. Heavy oil (10 degrees to 20 degrees API gravity) production in California has increased from 20% of the state's total oil production in the early 1940s to 70% in the late 1980s. In each of the three principal petroleum producing districts (Los Angeles Basin, Coastal Basin, and San Joaquin Valley) oil production has peaked then declined at different times throughout the past 30 years. Thermal production of heavy oil has contributed to making California the largest producer of oil by enhanced oil recovery processes in spite of low oil prices for heavy oil and stringent environmental regulation. Opening of Naval Petroleum Reserve No. 1, Elk Hills (CA) field in 1976, brought about a major new source of light oil at a time when light oil production had greatly declined. Although California is a major petroleum-consuming state, in 1989 the state used 13.3 billion gallons of gasoline or 11.5% of US demand but it contributed substantially to the Nation's energy production and refining capability. California is the recipient and refines most of Alaska's 1.7 million barrel per day oil production. With California production, Alaskan oil, and imports brought into California for refining, California has an excess of oil and refined products and is a net exporter to other states. The local surplus of oil inhibits exploitation of California heavy oil resources even though the heavy oil resources exist. Transportation, refining, and competition in the market limit full development of California heavy oil resources

Quantifying export flows of used electronics: advanced methods to resolve used goods within trade data.

Science.gov (United States)

Duan, Huabo; Miller, T Reed; Gregory, Jeremy; Kirchain, Randolph

2014-03-18

There is limited convincing quantitative data on the export of used electronics from the United States (U.S.). Thus, we advance a methodology to quantify the export flows of whole units of used electronics from the U.S. using detailed export trade data, and demonstrate the methodology using laptops. Since used electronics are not explicitly identified in export trade data, we hypothesize that exports with a low unit value below a used-new threshold specific to a destination world region are used. The importance of using the most disaggregated trade data set available when resolving used and new goods is illustrated. Two detailed U.S. export trade data sets were combined to arrive at quantities and unit values for each port, mode of transport, month, trade partner country, and trade code. We add rigor to the determination of the used-new threshold by utilizing both the Neighborhood valley-emphasis method (NVEM) and published sales prices. This analysis found that 748 to 1199 thousand units of used laptops were exported from the U.S. in 2010, of which 78-81% are destined for non-OECD countries. Asia was found to be the largest destination of used laptop exports across all used-new threshold methods. Latin American and the Caribbean was the second largest recipient of these exports. North America and Europe also received used laptops from the U.S. Only a small fraction of used laptops was exported to Africa. However, these quantities are lower bound estimates because not all shipments of used laptops may be shipped using the proper laptop trade code. Still, this approach has the potential to give insight into the quantity and destinations of the exports if applied to all used electronics product types across a series of years.

77 FR 37823 - Export Sales Reporting Requirements

Science.gov (United States)

2012-06-25

... information than the public on future prices and grain trade trends. Prior to the establishment of the export... wheat and wheat flour, feed grains, oil seeds, cotton, pork, beef and products thereof, and other.... market conditions. More recently the Mandatory Price Reporting Act of 2010 (Pub. L. 111-239) mandates...

Oil price and financial markets: Multivariate dynamic frequency analysis

International Nuclear Information System (INIS)

Creti, Anna; Ftiti, Zied; Guesmi, Khaled

2014-01-01

The aim of this paper is to study the degree of interdependence between oil price and stock market index into two groups of countries: oil-importers and oil-exporters. To this end, we propose a new empirical methodology allowing a time-varying dynamic correlation measure between the stock market index and the oil price series. We use the frequency approach proposed by Priestley and Tong (1973), that is the evolutionary co-spectral analysis. This method allows us to distinguish between short-run and medium-run dependence. In order to complete our study by analysing long-run dependence, we use the cointegration procedure developed by Engle and Granger (1987). We find that interdependence between the oil price and the stock market is stronger in exporters' markets than in the importers' ones. - Highlights: • A new time-varying measure for the stock markets and oil price relationship in different horizons. • We propose a new empirical methodology: multivariate frequency approach. • We propose a comparison between oil importing and exporting countries. • We show that oil is not always countercyclical with respect to stock markets. • When high oil prices originate from supply shocks, oil is countercyclical with stock markets

Forecasting on the total volumes of Malaysia's imports and exports by multiple linear regression

Science.gov (United States)

Beh, W. L.; Yong, M. K. Au

2017-04-01

This study is to give an insight on the doubt of the important of macroeconomic variables that affecting the total volumes of Malaysia's imports and exports by using multiple linear regression (MLR) analysis. The time frame for this study will be determined by using quarterly data of the total volumes of Malaysia's imports and exports covering the period between 2000-2015. The macroeconomic variables will be limited to eleven variables which are the exchange rate of US Dollar with Malaysia Ringgit (USD-MYR), exchange rate of China Yuan with Malaysia Ringgit (RMB-MYR), exchange rate of European Euro with Malaysia Ringgit (EUR-MYR), exchange rate of Singapore Dollar with Malaysia Ringgit (SGD-MYR), crude oil prices, gold prices, producer price index (PPI), interest rate, consumer price index (CPI), industrial production index (IPI) and gross domestic product (GDP). This study has applied the Johansen Co-integration test to investigate the relationship among the total volumes to Malaysia's imports and exports. The result shows that crude oil prices, RMB-MYR, EUR-MYR and IPI play important roles in the total volumes of Malaysia's imports. Meanwhile crude oil price, USD-MYR and GDP play important roles in the total volumes of Malaysia's exports.

Oil markets and prices: the Brent market and the formation of world oil prices

International Nuclear Information System (INIS)

Horsnell, Paul; Mabro, Robert.

1993-01-01

The purpose of this book is to enhance our understanding of the complex working of the world petroleum market and of the formation of oil prices in international trade. It devotes particular attention to the Brent market which involves spot, physical forward and futures trading of a blend of North Sea crudes known as Brent which has become one of the most important markers for world oil prices. Because the Brent market is central the research presented here examines its relationship to the constellation of other oil markets: those which deal on a spot basis with the main export crude of Africa, the Gulf, the Far East and the North Sea, the market for Dubai, another marker crude, and that for West Texas Intermediate (WTI). Finally an analysis of pricing mechanisms used by OPEC and many non-OPEC exporting countries for their oil sales under term contracts and which use Brent prices as one of their references complete this study on oil markets and prices. (author)

Questioning the sustainable palm oil demand: case study from French-Indonesia supply chain

Science.gov (United States)

Chalil, D.; Barus, R.

2018-02-01

Sustainable palm oil has been widely debated. Consuming countries insist certified sustainable produces palm oil, but in fact the absorption of the certified palm oil is still less than 60%. This raise questions about the sustainable palm oil demand. In this study, such a condition will be analysed in French-Indonesia supply chain case. Using monthly and quarterly data from 2010 to 2016 with Autoregressive Distributed Lag (ARDL) approach and Error Correction Model, demand influencing factors and price integration in each market of the supply chain is estimated. Two scenarios namely re-export and direct export models are considered in the Error Correction Model. The results show that France Gross Domestic Product, prices of France palm oil import from Indonesia, Malaysia, and Germany, and price of France groundnut import significantly influence the France palm oil import volume from Indonesia. Prices in each market along palm oil re-export France-Indonesia supply chain are co-integrated and converge towards long-run equilibrium, but not in the direct export supply chain. This leads to a conclusion that France market preferences in specific and EU market preferences in general need to be considered by Indonesian palm oil decision makers.

Analysis of Palm Oil Production, Export, and Government Consumption to Gross Domestic Product of Five Districts in West Kalimantan by Panel Regression

Science.gov (United States)

Sulistianingsih, E.; Kiftiah, M.; Rosadi, D.; Wahyuni, H.

2017-04-01

Gross Domestic Product (GDP) is an indicator of economic growth in a region. GDP is a panel data, which consists of cross-section and time series data. Meanwhile, panel regression is a tool which can be utilised to analyse panel data. There are three models in panel regression, namely Common Effect Model (CEM), Fixed Effect Model (FEM) and Random Effect Model (REM). The models will be chosen based on results of Chow Test, Hausman Test and Lagrange Multiplier Test. This research analyses palm oil about production, export, and government consumption to five district GDP are in West Kalimantan, namely Sanggau, Sintang, Sambas, Ketapang and Bengkayang by panel regression. Based on the results of analyses, it concluded that REM, which adjusted-determination-coefficient is 0,823, is the best model in this case. Also, according to the result, only Export and Government Consumption that influence GDP of the districts.

Credits/exemptions for clean energy exports in the context of a Canadian GHG strategy

International Nuclear Information System (INIS)

Hyndman, R.

2002-01-01

Greenhouse gas emissions is a global issue because the effect of a tonne of carbon dioxide emissions is independent of where it occurs, or during which stage or production, distribution and final use of a given product. International trade complicates the relationship between the final use of goods and where the emissions associated with their production and distribution occur. Besides the large bilateral trade with the US in automobiles and parts, Canada's exports lean largely toward energy intensive commodities such as oil, gas, chemicals, steel, pulp and paper, and aluminum. In consequence, there is a high volume of greenhouse gas emissions in Canada associated with goods produced for consumption elsewhere. Under the Kyoto Protocol, this growing export of energy intensive goods, creates a greenhouse gas inventory burden for Canadians. The author noted that the Kyoto Protocol greenhouse gas accounting system attributes upstream emissions to the exporter. It was argued that since Canada's natural gas exports to the United States reduce their coal consumption for electricity generation and fuel oil for industrial boilers, Canada should have its greenhouse gas inventory adjusted through either a credit for clean energy exports or through exemption of upstream emissions. 7 figs

Cheap oil. Good news - for most

NARCIS (Netherlands)

Lorié, J.

2014-01-01

- The oil price has fallen by 40% in recent months, as a result of increasing oil supply, and is expected to be in the range of USD 70 - 80 per barrel in 2015. - The global economy is set to benefit, as are oil importing regions such as Europe and Asia. - Oil exporting countries like Brazil, Russia

Canada's oil sands, opportunities and challenges to 2015 : an energy market assessment

International Nuclear Information System (INIS)

2004-05-01

The National Energy Board monitors the supply of all energy commodities in Canada along with the demand for Canadian energy commodities in domestic and export markets. This report provides an assessment of the current state of the oil sands industry and the potential for growth. It also identifies the major issues and challenges associated with the development of Canada's oil sands, one of the world's largest hydrocarbon resources. Initial production of Canada's oil sands began in 1967. The resource has become more economic to develop in recent years due to higher energy prices and new technologies. The economic potential of Canada's oil sands has been recognized internationally. Canadian oil sands production in 2004 will surpass 160,000 cubic metres per day. By 2015, production is expected to more than double to meet market demands. The challenges facing the industry include higher natural gas prices, capital cost overruns and environmental impacts. The major factors that affect the rate of oil sands development include natural gas supply, energy demand, oil and gas pricing, markets and pipelines, environmental considerations, emerging technologies, geopolitical issues, and labour. This report includes key findings for the following four key components: economic potential and development of the resource base; markets and pipelines; environmental and socio-economic impacts; and, potential spin-off developments in the electricity and petrochemical industries. 26 tabs., 53 figs

Quarterly oil statistics. Second quarter, 1978

Energy Technology Data Exchange (ETDEWEB)

1978-01-01

This issue presents rapid and accurate information on supply and disposal of crude oil, oil products, and natural gas, including production, refinery output, trade, bunkers, refinery fuel and losses and stock changes. Detailed import and export data are given for 42 origins and 29 destinations for crude oil and products. NGL, feedstocks, naphtha, LPG, gasoline, kerosene, gas/diesel oil, and heavy fuel oil (residual) are covered. (DLC)

Petroleum scene heating in fledgling crude exporter Papua New Guinea

International Nuclear Information System (INIS)

Anon.

1994-01-01

Operators, paced by a feisty independent based in Port Moresby, have drilled a string of discoveries near the infrastructure of the Kutubu development project that supports Papua New Guinea crude exports. All signs point to the increasing likelihood of good sized -- maybe world class -- oil discoveries that promise to sustain exploration and development interest beyond 2000. Also in the offing are world class gas strikes that eventually could support a liquefied natural gas export project. And integration is the newest concept in Papua New Guinea petroleum. Efforts are under way to build the country's first refineries. Most operators in Papua New Guinea believe thy have merely scratched the surface of the country's oil and gas potential. Thy agree there still will be frustrations and setbacks -- political as well as technical -- but the prevailing opinion is that these problems are no greater than they are in a number of other countries with similar exploration/development potential. The paper discusses the development of Papua New Guinea's oil and gas industry, and exploratory drilling in areas other than Kutubu

Forecasting Palm Oil Price Movements In Malaysia: Empirical Evidence from the Malaysian Palm Oil Futures Market.

OpenAIRE

Amran, Zulfathi

2010-01-01

The palm oil industry is one of the main commodity industries in South East Asia. This is the case for the two main producers and exporters of crude palm oil in the world, Malaysia and Indonesia, and thus there is an importance placed on the trading of the commodity in Malaysia, especially for hedging purposes for the producers. This is because; the main use of the product is for exporting purposes rather than for consumption, and thus it is important if there is a tool that the producers or ...

World's largest off-road tires to be recycled

Energy Technology Data Exchange (ETDEWEB)

Anon.

2005-07-01

Suncor Energy is the first company in Canada to use a new technology designed uniquely for tire recycling at oil sand facilities. The technology is owned by CuttingEdge Tire Recycling, a partnership between Denesoline Environmental Limited Partnership and Beaver Environmental Rubber Technologies Limited. Suncor has supported the development of this Aboriginal-owned and operated business by offering land, electricity, diesel fuel and stockpiles of used truck tires from its oil sand mining activities. These tires are the largest off-road tires in the world. In this new technology, tires that are worn-out through oil sand mining are shredded in a portable shredder before being recycled for subsequent use by the Alberta Recycling Management Association. 1 fig.

Danish energy-sector exports. Products and consulting services

International Nuclear Information System (INIS)

Wolter, H.C.

2000-06-01

Danish Energy Agency has previously carried out studies of Danish energy-sector exports. The latest results were published in the report, Energisektorens eksport. Produkter og raadgivning. Danish Energy Agency, September 1998. The present survey is an update of the earlier studies, and includes 1998 exports. As previously, the study, carried out in cooperation with the Confederation of Danish Industries and the Danish Council of Consulting Architects and Engineers, is based on questionnaires sent to relevant companies. In addition, information has been obtained from companies that do not belong to these organisations. On the basis of the answers received, 58 Danish companies exported products to a value of approximately DKK 16,000 million, and 22 consulting firms exported consulting services to a value of approximately DKK 370 million. These exports of approximately DKK 16.5 billion accounted for 5% of all Danish exports in 1998. In comparison with 1996, energy-sector exports have risen by more than 40% in a period in which Danish exports in general have risen by an average of 8%. Energy sector exports provide employment for more than 18,000 persons in Denmark - approximately 17,500 employees in companies that export products, and approximately 600 persons in consulting firms. To this must be added a presumably significantly larger number of persons employed by sub-suppliers to the above companies computed by value, 80% of the exports come from relatively few companies, i.e. 13 companies with products, and five offering consulting services. Energy-sector exports fall within the following product areas: 1) Wind turbines (25%). 2) District heating and combined heat and power (CHP) (21%). 3) Energy savings and control (20%). 4) Oil and natural gas (13%). 5) Electricity plants and power supply (13%). 6) Other (8%). 67% of the exports go to Western Europe, 18% to Asia, 7% to Eastern and Central Europe, and 8% to other parts of the world. (EHS)

Saudi Aramco describes crisis oil flow hike

International Nuclear Information System (INIS)

Anon.

1991-01-01

On Aug. 2, 1990, Iraqi forces invaded Kuwait and triggered one of the most severe crises in the world's oil supplies since World War II. Within a few days of the invasion, Iraqi and Kuwaiti oil exports were embargoed, and almost 4.6 million b/d oil of production was removed from world markets. This shortfall amounted to about 20% of total Organization of Petroleum Exporting Countries production at the time and could have proven disastrous to the world's industrial and financial well-being. However, there was no disruption to the major economies of the world. This paper reports that the primary reason for the cushioning of this impact was the massive expansion in production undertaken by Saudi Arabian Oil Co. (Saudi Aramco)

Oil My Love

International Nuclear Information System (INIS)

Gay, Michel

2014-01-01

The author first describes how oil will disappear from non-producing countries, notably France and Europe and will therefore lead to an energy crisis. He outlines that renewable energies will have a weak contribution in the replacement of fossil energies (in this case, oil and gas). To illustrate these trends, the author proposes an appendix which presents and discusses the evolution of global consumption of fossil fuels, the evolution of production of different oil grades, a forecast of global oil demand by 2035, evolutions of productions and exports. Another appendix discusses additional issues on oil: the meaning of reserves, solutions for France in case of shortage of oil, the world oil situation (USA, China, Russia, the European Union, Japan)

Peak Oil profiles through the lens of a general equilibrium assessment

International Nuclear Information System (INIS)

Waisman, Henri; Rozenberg, Julie; Sassi, Olivier; Hourcade, Jean-Charles

2012-01-01

This paper disentangles the interactions between oil production profiles, the dynamics of oil prices and growth trends. We do so through a general equilibrium model in which Peak Oil endogenously emerges from the interplay between the geological, technical, macroeconomic and geopolitical determinants of supply and demand under non-perfect expectations. We analyze the macroeconomic effects of oil production profiles and demonstrate that Peak Oil dates that differ only slightly may lead to very different time profiles of oil prices, exportation flows and economic activity. We investigate Middle-East's trade-off between different pricing trajectories in function of two alternative objectives (maximisation of oil revenues or households’ welfare) and assess its impact on OECD growth trajectories. A sensitivity analysis highlights the respective roles of the amount of resources, inertia on the deployment of non conventional oil and short-term oil price dynamics on Peak Oil dates and long-term oil prices. It also examines the effects of these assumptions on OECD growth and Middle-East strategic tradeoffs. - Highlights: ► Geological determinants behind Hubbert curves in a general equilibrium framework. ► We endogenize the interactions between Peak Oil dates, oil prices and growth trends. ► Close Peak Oil dates lead to different trends of oil prices, exportation and growth. ► Low short-term prices benefit to the long-term macroeconomy of oil exporters. ► High short-term prices hedge oil importers against economic tensions after Peak Oil.

Electricity generation analyses in an oil-exporting country: Transition to non-fossil fuel based power units in Saudi Arabia

International Nuclear Information System (INIS)

Farnoosh, Arash; Lantz, Frederic; Percebois, Jacques

2013-12-01

In Saudi Arabia, fossil-fuel is the main source of power generation. Due to the huge economic and demographic growth, the electricity consumption in Saudi Arabia has increased and should continue to increase at a very fast rate. At the moment, more than half a million barrels of oil per day is used directly for power generation. Herein, we assess the power generation situation of the country and its future conditions through a modelling approach. For this purpose, we present the current situation by detailing the existing generation mix of electricity. Then we develop a optimization model of the power sector which aims to define the best production and investment pattern to reach the expected demand. Subsequently, we will carry out a sensitivity analysis so as to evaluate the robustness of the model's by taking into account the integration variability of the other alternative (non-fossil fuel based) resources. The results point out that the choices of investment in the power sector strongly affect the potential oil's exports of Saudi Arabia. (authors)

The Iranian connection: the geo-economics of exporting Central Asian energy via Iran

International Nuclear Information System (INIS)

Stauffer, T.R.

1997-01-01

The prospect of exporting Caspian Sea crude oil production via a transit route through Iran is discussed. There are many political and economic barriers that are preventing the establishment of a transit route to bring the landlocked hydrocarbon resources of Azerbaijan and Central Asia to world oil markets. A route via Iran is most appealing because of the existing system of pipelines and export facilities already in place there, plus its close geographic location to Central Asia. Close to 2 MMb/d of production from the Caspian region could be accommodated at under $1.50/barrel transit costs. However, the opposition from the United States and Israel to any Iranian connection for the Caspian Sea production is well documented. The Russians, too, are opposed to any export option for Caucasian or Central Asian crude production that would bypass Russia because it would reduce its economic leverage over the new republics. It is widely believed that export through Iran would be more beneficial to the individual state governments by providing them with greater net well head revenues, as well as in reinforcing their independence at the expense of the central government in Moscow

Oil imports and the US balance of payments

International Nuclear Information System (INIS)

Vance, D.H.

1990-01-01

An examination of the historical data for the US during a period of major swings in our oil import bill shows little continuing relationship to measures of our overall international balance. A look at other major oil importers all more dependent on imported oil than we will be even by the end of the century shows they handled similar wide swings in their oil import bills even while improving their international balances. Some, perhaps a major part, or our increased payments for oil imports is likely to return as payment for imports from us by the oil exporters. What seems more important is that we remain competitive in our export industries, and some measures suggested to reduce our oil imports, such as a unilateral US oil import tariff are likely to work against this competitiveness by raising oil and energy costs to our industries above those of our competitors. In terms of our international balances at least, the cures for rising oil imports are likely to be much worse than the disease

Assessment of OPEC's oil pricing policy from 1970 to 2000

International Nuclear Information System (INIS)

Kazim, A.

2007-01-01

The Organization of the Petroleum Exporting Countries (OPEC) is an international organization, composed of eleven developing countries that rely on oil revenues as their main source of income. The member countries include: Algeria, Indonesia, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, United Arab Emirates, Saudi Arabia and Venezuela. These member countries collectively supply approximately 40 per cent of the world's oil output, and possess more than three-quarters of the world's total proven crude oil reserves. Currently, OPEC's approximate rate of oil production and export is 25 million barrels per day with Saudi Arabia alone contributing about one third of this rate. However, in the recent years the economy of major OPEC countries mainly Saudi Arabia, Venezuela, Algeria, Indonesia and Iran has been significantly hindered by the instability of oil price as a result of fluctuations in the American dollar. This paper presented a simple economical assessment of OPEC's oil pricing policy from 1970 to 2000. Fluctuations of the oil price in American dollars were analysed against other major currencies. Their influences on the generated revenues were determined. In order to explore the most advantageous scenario, the oil pricing policy during that period was compared with two baskets of currencies. It was concluded that results indicated that OPEC members could have achieved a total current savings of at least 170 billion dollars if the price of oil was linked to a basket of currencies from 1970 to 2000. These savings were approximately equivalent to the revenues generated in at least 1 year of OPEC's average rate of oil production and export. It was recommended that OPEC members should consider restructuring their oil pricing policy by taking effective measures such as linking the price of oil to a basket of currencies in order to stabilize the price of oil and secure stable revenue generated from their oil production and export. 17 refs., 1 tab., 4 figs

A fast-track preliminary thermo-mechanical design of oil export pipelines from P-56 platform

Energy Technology Data Exchange (ETDEWEB)

Solano, Rafael F.; Mendonca, Salete M. de [PETROBRAS S.A., Rio de Janeiro, RJ (Brazil); Franco, Luciano D.; Walker, Alastair; El-Gebaly, Sherif H. [INTECSEA, Rio de Janeiro, RJ (Brazil)

2009-12-19

The oil export pipelines of Marlim Sul field Module 3, Campus Basin, offshore Brazil, will operate in high pressure and temperature conditions, and will be laid on seabed crossing ten previously laid pipelines along the routes. In terms of thermo-mechanical design, these conditions turn out to be great challenges. In order to obtain initial results and recommendations for detail design, a preliminary thermo-mechanical design of pipelines was carried out as a fast-track design before the bid. This way, PETROBRAS can assess and emphasize the susceptibility of these lines to lateral buckling and pipeline walking behavior. Therefore, PETROBRAS can present a preliminary mitigation strategy for lateral buckling showing solutions based on displacement controlled criteria and by introducing buckle initiation along the pipeline using distribution buoyancy. Besides that, axial displacements and loads at the pipeline ends can be furnished also in order to provide a basis for the detailed design. The work reported in this paper follows the SAFEBUCK JIP methodology and recommendation, which were used to determine the allowable strain and maximum allowable VAS (Virtual Anchor Spacing) considered in the buckling mitigation strategy. The paper presents also the formation of uncontrolled buckles on the seabed and the propensity for pipeline walking in its sections between buckles. The buckling mitigation strategy established in this preliminary design confirms that the oil pipeline specifications are adequate to maintain integrity during design life. (author)

31 CFR 560.520 - Exportation of agricultural commodities on contracts entered into prior to May 7, 1995.

Science.gov (United States)

2010-07-01

... States to Iran of any agricultural commodity under an export sales contract are authorized, provided: (1... other financing agreements with respect to exports authorized by this section is authorized pursuant to..., wheat, cotton, peanuts, tobacco, dairy products, and oilseeds (including vegetable oil). (d) Specific...

Trade Policies, Exchange Rate and Developing Country’s Real Sector Export Performance

OpenAIRE

Edeme, Richardson Kojo; Nkalu, Nelson C.; Emecheta, Chisom; Ugwu, Sam

2017-01-01

For developing countries like Nigeria, empirical evidence have shown they are faced with policy management challenge because they are mostly involved in the production and export of primary products which is often characterized by unfavourable terms of trade. The essence of this study therefore is to ascertain if trade and exchange rate policies complement each other in stimulating non-oil exports, especially the agricultural and manufacturing sectors, using both aggregated and disaggregated ...

Oil and influence: the oil weapon examined

Energy Technology Data Exchange (ETDEWEB)

Maull, H

1975-01-01

The term ''oil weapon'' as used here signifies any manipulation of the price and/or supply of oil by exporting nations with the intention of changing the political behavior of the consumer nations. The political potential of the oil price is fairly restricted so, in effect, the supply interruptions are of prime concern. Manipulating price does, in principle, offer the possibilities of both conferring rewards and inflicting sanctions. Oil could be sold on preferential prices and terms. A precondition for using the oil weapon successfully would be the ability to cause real and serious damage to the consumer countries. Four damaging potentials for using the oil weapon could include its application by: (1) one producer against one consumer; (2) one producer against all consumers; (3) a group of producers against one consumer; and (4) by a group of producers against all consumers. It is concluded that the oil weapon will continue to be a force in the international system. (MCW)

Merger and acquisition in the international oil industry

Energy Technology Data Exchange (ETDEWEB)

Imai, Yoshiichi

1988-07-01

Outlines are given of the background and evaluation of recent giant mergers and acquisitions in the international oil industry and of future trends of them. The petroleum exporting countries or OPEC nationalized oil resourses in the first half of 1970's and acquired the crude oil deposits that had been controlled by the seven majors. The percentage of the seven majors' crude oil deposits in the free world was about 70% in 1968, but decreased sharply down to about 6% in 1978 to 1979, when the world experienced the second oil crisis. The decrease of Texaco, COCAL, and Mobil was remarkable. That was the background of these three companies' giant acquisitions in 1984. For the oil companies suffering from decrease of oil deposits, the inexpensive and dependable way to secure deposits was to take over developed reserves of other companies. Although there are the pros and cons in the evaluation of the merger and acquisition, these trends continues, including the oil exporting countries, and are very likely to move to the international reconstraction of the oil industry. (10 tabs)

Europe and oil: beware of the glass ceiling

International Nuclear Information System (INIS)

Durand, B.

2011-01-01

Because current oil exporting countries consume an increasing share of their production and will shortly be producing less and less, available amounts of oil for the international market will decrease faster than world production, in spite of the emergence of new exporting countries such as Brazil or Kazakhstan. Owing to expanding consumption of major emerging countries, the share le for developed countries will drop rapidly, by approximately one third in the coming fifteen years. Europe, whose oil reserves will soon be exhausted, will almost entirely depend on outside sources. If it does not adjust through massive and swift consumption reduction, its material growth will be durably jeopardized due to substantial oil price increases. The adjustment requires strong and urgent measures to reduce the consumption of oil-based fuel in transportation, as well as of fuel oil by the residential and tertiary sectors. A selection of measures is set out. (author)

State-owned companies dominate list of largest non-U.S. producers

International Nuclear Information System (INIS)

Beck, R.J.; Williamson, M.

1994-01-01

Because state-owned oil and gas companies dominate Oil and Gas Journal's list of largest non-US producers, data aren't fully comparable with those of the OGJ300. Many state companies report only production and reserves, with little or no financial data. Companies on the OGJ100, therefore, cannot be ranked by assets or revenues. Instead, they are listed by regions, based on location of corporate headquarters. There was no change in makeup of the top 20 holders of crude oil reserves. These companies' reserves totaled 872.3 billion bbl in 1993. The top 20 non-US companies now control 87.3 % of total world crude oil reserves, according to OGJ estimates. This is up marginally from 87.2 % of total world oil reserves in 1992. The top 20 had 87.7 % of total world reserves in 1991 and 85.5 % in 1990. The table lists company name, total assets, revenues, net income, capital and exploratory expenditures, worldwide oil production, gas production, oil and gas reserves worldwide

World market of crude oil - review of possible scenarios of forecasting for the crude oil price movement

International Nuclear Information System (INIS)

Janevski, Risto

2003-01-01

Throughout most of 2002, crude oil prices were solidly within the range preferred by producers in the Organization of Petroleum Exporting Countries (OPEC), $22 to $28 per barrel for the OPEC 'basket price' (Fig. 1). OPEC producers have been demonstrating disciplined adherence to announced cutbacks in production. Early in 2003, a dramatic upward turn in crude oil prices was brought about by a combination of two factors. First, a general strike against the Chavez regime resulted in a sudden drop in Venezuela's oil exports. Although other OPEC producers agreed to increase production to make up for the lost Venezuelan output, the obvious strain on worldwide spare capacity kept prices high. Second, price volatility was exacerbated by fears of war in Iraq. (Original)

A look at one of the world`s largest apron feeder drives - Alberta Oil Sands Project

Energy Technology Data Exchange (ETDEWEB)

Persson, O. [Hagglunds Drives Canada Inc., Vancouver, BC (Canada)

1999-10-01

Various types of equipment to transport tar sands to processing plants are discussed, with special attention to the advantages of hydraulic direct drives over conventional electro-mechanical drives. A hydraulic direct drive such as the Hagglund Drive has exceptional starting torque capacity due to the high torque capability of the hydraulic motor. As such, it can be particularly useful in applications where shock loads occur with some frequency, or where many starts and stops are needed. Application of the Hagglund drive to power one of the world`s largest apron feeders in the Alberta Oil Sands is described as an illustration of the exceptional reliability, productivity and performance of this equipment. It has about one five-hundredth of the inertia of an equivalent high speed drive with gear reducer, a feature which is particularly significant in the case of feeders which are known to suffer much downtime due to chain related problems. These types of drives have also been used to great advantage in the process industries like pulp and paper, chemical, rubber and plastics, recycling and steel. 1 tab., 1 fig.

Oil market structure, network effects and the choice of currency for oil invoicing

International Nuclear Information System (INIS)

Mileva, Elitza; Siegfried, Nikolaus

2012-01-01

Crude oil is a homogeneous good traded on specialised exchanges and quoted and invoiced predominantly in US dollars. Despite the strong case for the use of the US dollar as a vehicle currency in the oil trade, we provide an alternative view. We develop a simple network effects model to identify the conditions under which either a complete switch in the oil invoicing currency or parallel invoicing in different currencies is possible and economically sensible. We calibrate the model using low actual values for the transaction costs of using euro and/or US dollars, as well as a proxy for information costs, which decline with the increase in the use of the new currency. The results show that there will be a switch to parallel invoicing in both currencies when two conditions are met: first, oil exporters expect that a certain minimum number of other oil exporters will also start using the new currency; and second, the information costs associated with quoting oil contracts in two currencies are low. - Highlights: ► The US dollar as the dominant currency in the international trade of crude oil. ► We develop a model that treats currencies as network goods. ► The model predicts multiple equilibria with one or two vehicle currencies. ► Calibration shows that a switch to parallel invoicing in two currencies is possible.

Unique Kutubu export system complete; production flowing

International Nuclear Information System (INIS)

McGovern, R.; Miller, G.

1992-01-01

First oil from near Lake Kutubu in Papua New Guinea began flowing in June through pipelines and marine facilities recently installed by Chevron Niugini Pty. Ltd. Production facilities were built near Lake Kutubu. The export pipeline was laid form the central production facility to landfall on the Kikori River - approximately 171 km (106 miles) away - and then another 56 miles to a platform in 66 ft of water in the gulf. From the platform, an oilspading line extends about 2.4 miles to the SPM in 83 ft of water where tankers will load oil at an initial design flowrate of 157,000 b/d

How Brazil Transferred Billions to Foreign Coffee Importers: The International Coffee Agreement, Rent Seeking and Export Tax Rebates

OpenAIRE

Jarvis, Lovell S.

2003-01-01

Rent seeking is well known, but empirical evidence of its effects is relatively rare. This paper analyzes how the domestic and international rent seeking caused Brazil to provide coffee export tax rebates that transferred foreign exchange to coffee importers. Although Brazil was the world's largest exporter, it began to pay export tax rebates to selected coffee importers in 1965 and, by 1988, had paid rebates totaling $8 billion. Brazil explained these rebates as a mechanism to price disc...

THE LONG-RUN AND SHORT-RUN EFFECTS OF CRUDE OIL PRICE ON METHANOL MARKET IN IRAN

Directory of Open Access Journals (Sweden)

Akbar Komijani

2013-01-01

Full Text Available Substituting crude oil exports with value-added petrochemical products is one of the main strategies for policy makers in oil-driven economies to isolating the real sectors of economy from oil price volatility. This policy inclination has led to a body of literature in energy economics in recent decades. As a case study, this paper investigates the short-run and long-run relationship between Iran’s oil price and methanol price which is one of the most important non-oil exports of the oil-exporting country. To do so, the weekly data from 18 Jan. 2009 to 18 Sep. 2011 in a VECM framework is applied. The results show that in the long-run, oil price hikes leads to proportional increase in methanol price while in the short-run, this impact is not significant.

Malaysia: World Oil Report 1991

International Nuclear Information System (INIS)

Khin, J.A.

1991-01-01

This paper reports that the Malaysian government announced tax incentives for fiscal year 1991/92 by cutting export duties on crude oil to encourage companies to develop more oil fields. The export duty exemption on cost recovery oil was increased from the current 20% to 50% on April 1, 1991. Nearly 115,200 sq mi of shallow-water acreage off Malaysia has been awarded to PS contractors, leaving only about five blocks remaining. Therefore, Petronas plans to award deeper water blocks (water depths of 655 ft or more) in the second half of this year, once terms are finalized. It is understood that these areas will be offshore of Sarawak and Sabah, covering in excess of 38,000 sq mi. Petronas the that there would be some improvement in the PSC terms for the deep-water areas

Management of Oil Revenues: Has That of Azerbaijan Been Prudent?

Directory of Open Access Journals (Sweden)

Sarvar Gurbanov

2017-06-01

Full Text Available To help explain the common failure of oil or other natural resource exporting countries to diversify into industry, it has been common to trace this failure to real exchange rate appreciation. This has also been done in Azerbaijan. However, because Azerbaijan has devoted so much of its oil revenues to government investment, Azerbaijan provides a suitable case for examining an alternative link through government investment. This study applies the ARDL cointegration method to quarterly time series data on oil prices, government capital formation, non-oil exports and non-oil GDP to estimate the long run relationships linking oil prices to government investment expenditures and further to generation of non-oil GDP. The results show that despite the massive government investment expenditures, extremely little non-oil production of the tradable type has been generated, calling attention to the need for policy reform.

The Dutch disease effect in a high versus low oil dependent countries

OpenAIRE

Allegret , Jean-Pierre; Benkhodja , Mohamed Tahar

2014-01-01

To investigate the main impacts of the recent increase of oil price on oil exporting economies, we estimate a DSGE model for a sample of 16 oil exporting countries (Algeria, Argentina, Ecuador, Gabon, Indonesia, Kuwait, Libya, Malaysia, Mexico, Nigeria, Oman, Russia, Saudi Arabia, United Arab Emirates, and Venezuela) over the period from 1980 to 2010, except for Russia where our sample begins in 1992. In order to distinguish between high-dependent and low-dependent countries, we use two indic...

The rapid growth of OPEC′s domestic oil consumption

International Nuclear Information System (INIS)

Gately, Dermot; Al-Yousef, Nourah; Al-Sheikh, Hamad M.H.

2013-01-01

OPEC′s domestic oil consumption has increased seven-fold in 40 years, to 8.5 million barrels per day (mbd). They consume almost as much oil as China. This constitutes one-fourth of their production. Such rapid growth in consumption (5.1% annually, faster than their income growth of 3.1%) will challenge OPEC′s ability to increase their oil exports, which are relied upon in long-term world oil projections by the International Energy Agency (IEA), US Department of Energy (DOE/EIA) and British Petroleum (BP). However, these institutions assume unprecedented slowdowns in OPEC oil consumption – to less than 2% in the future – allowing them to project increases in OPEC oil exports with only modest increases in production. We analyze 1971–2010 data econometrically, with panel co-integration methods. We estimate that the income elasticity of consumption is about 1 for energy and oil. This means that OPEC′s energy and oil consumption will grow as rapidly as their income. Hence, continued high growth rates for domestic oil consumption are more likely than the unprecedented slowdowns projected by IEA, DOE/EIA and BP – adding an extra 6 mbd of OPEC consumption in 2030. This will have major implications for OPEC production and export levels, and for world oil prices. -- Highlights: •We analyze rapid growth of OPEC oil consumption (sevenfold since 1971: 5.1% annually). •Panel co-integration econometric estimate of income elasticity about 1.0. •Consensus projections (IEA, DOE/EIA) have consistently under projected OPEC consumption. •Future oil market implications if OPEC consumption grows as fast as income (as in past)

Development of new antioxidant systems for frying oil and omega-3 oils

Science.gov (United States)

The development of natural antioxidant systems for frying oil will be discussed in this presentation. This study aimed to utilize vegetable oils such as soybean oil for frying, of which the United States is the world’s largest producer. To overcome the vulnerability of soybean oil to oxidation due t...

Measuring the importance of oil-related revenues in total fiscal income for Mexico

Energy Technology Data Exchange (ETDEWEB)

Reyes-Loya, Manuel Lorenzo; Blanco, Lorenzo [Facultad de Economia, Universidad Autonoma de Nuevo Leon, Loma Redonda 1515 Pte., Col. Loma Larga, C.P. 64710, Monterrey, Nuevo Leon (Mexico)

2008-09-15

Revenues from oil exports are an important part of government budgets in Mexico. A time-series analysis is conducted using monthly data from 1990 to 2005 examining three different specifications to determine how international oil price fluctuations and government income generated from oil exports influence fiscal policy in Mexico. The behavior of government spending and taxation is consistent with the spend-tax hypothesis. The results show that there is an inverse relationship between oil-related revenues and tax revenue from non-oil sources. Fiscal policy reform is urgently needed in order to improve tax collection as oil reserves in Mexico become more and more depleted. (author)

Measuring the importance of oil-related revenues in total fiscal income for Mexico

International Nuclear Information System (INIS)

Reyes-Loya, Manuel Lorenzo; Blanco, Lorenzo

2008-01-01

Revenues from oil exports are an important part of government budgets in Mexico. A time-series analysis is conducted using monthly data from 1990 to 2005 examining three different specifications to determine how international oil price fluctuations and government income generated from oil exports influence fiscal policy in Mexico. The behavior of government spending and taxation is consistent with the spend-tax hypothesis. The results show that there is an inverse relationship between oil-related revenues and tax revenue from non-oil sources. Fiscal policy reform is urgently needed in order to improve tax collection as oil reserves in Mexico become more and more depleted. (author)

Simulation of dissolved nutrient export from the Dongjiang river basin with a grid-based NEWS model

Science.gov (United States)

Rong, Qiangqiang; Su, Meirong; Yang, Zhifeng; Cai, Yanpeng; Yue, Wencong; Dang, Zhi

2018-06-01

In this research, a grid-based NEWS model was proposed through coupling the geographic information system (GIS) with the Global NEWS model framework. The model was then applied to the Dongjiang River basin to simulate the dissolved nutrient export from this area. The model results showed that the total amounts of the dissolved nitrogen and phosphorus exported from the Dongjiang River basin were approximately 27154.87 and 1389.33 t, respectively. 90 % of the two loads were inorganic forms (i.e. dissolved inorganic nitrogen and phosphorus, DIN and DIP). Also, the nutrient export loads did not evenly distributed in the basin. The main stream watershed of the Dongjiang River basin has the largest DIN and DIP export loads, while the largest dissolved organic nitrogen and phosphorus (DON and DOP) loads were observed in the middle and upper stream watersheds of the basin, respectively. As for the nutrient exported from each subbasin, different sources had different influences on the output of each nutrient form. For the DIN load in each subbasin, fertilization application, atmospheric deposition and biological fixation were the three main contributors, while eluviation was the most important source for DON. In terms of DIP load, fertilizer application and breeding wastewater were the main contributors, while eluviation and fertilizer application were the two main sources for DOP.

The Resurgence of Shale Oil

International Nuclear Information System (INIS)

Cornot-Gandolphe, Sylvie

2017-09-01

This study addresses the resilience factors of the American production of light tight oil, in particular regarding the evolution of the financial model, and the regulatory changes with the authorisation of exports for crude oil. The paper also evaluates the development perspectives of the production on the medium and long term. US production of light tight oil (LTO, commonly known as 'shale oil') experienced a spectacular expansion between 2010 and 2014, becoming the largest source of growth in world oil production. At the start of 2015, however, the sustainability of its business model became questionable. Oil prices had collapsed and uncertainty about future US production was at its height. The sharp drop in the number of drill holes as of January 2015 raised fears of a rapid fall in US petroleum output. The LTO business model, based largely on the use of debt, reinforced this projection. Independent producers were heavily indebted, and were no longer able to invest in new wells. LTO production would therefore run out of steam. Two years later, LTO has passed its first test successfully. While output of shale gas has clearly fallen, cuts have been modest and much less than had been feared, given the falls in capital spending (CAPEX) and the number of drill holes. Productivity improvements as well as cost reductions have permitted a halving of the LTO equilibrium price. Independent producers have refocused their activities on the most productive basins and sites. The essential role played by the Permian Basin should be stressed at this point. In two years, it has become a new El dorado. Despite the fall in drill holes through to May 2016, production has continued to rise and now amounts to a quarter of American oil output. Furthermore, independents have drawn extra value from their well inventories, which include drilled, but also uncompleted wells. Lastly, the impressive number of drilled wells prior to price cuts has allowed producers to maintain their output

The New Oil Sector and the Dutch Disease: the Case of Ghana

Directory of Open Access Journals (Sweden)

Dennis Nchor

2015-01-01

Full Text Available This paper investigates the impact of the new oil sector on the economic performance of major traditional sectors of the Ghanaian economy. The discovery of resource booming sectors in most countries often comes with several opportunities as well as challenges. Ghana discovered oil in 2007 and started subsequent commercial production and export in 2010. The results from the study show that, there is no clear case of declining performance of sectors in terms of output, growth and export earnings as a result of the oil production. The study could also not establish a sustained appreciation in the real effective exchange rate since commercial oil production commenced which is an indicator of the presence of the Dutch Disease phenomenon. The real effective exchange rate was also found to be highly influenced by oil production, oil prices, total exports and remittances. The study applied an autoregressive distributed lag model due to differences in the level of integration of variables. The data was obtained from the Bank of Ghana, the Ministry of Finance in Ghana and the Energy Information Administration.

Soviet energy export prospects

Energy Technology Data Exchange (ETDEWEB)

Scanlan, Tony

1991-05-01

The Soviet Union produces 20% of world energy but since 1988 this is in decline. Awakening consumerism and a sea-change in the structure of foreign trade and internal investment are placing this key industry into unprecedented uncertainty. The difference between success and failure goes beyond the 1988 peak of six million barrels daily of exports in oil equivalent. The article quantifies the key areas of energy uncertainty as equal in volume to total OPEC output and sees the long-term changes of success more than ever dependent on coordinated planning and investment as well as on market reality. (Author).

Perdagangan Luar Negeri Indonesia-Amerika Serikat

Directory of Open Access Journals (Sweden)

Darman Darman

2013-11-01

Full Text Available This study aims to identify and analyze: how international trade relations are between Indonesia and the United States, especially in the export-import of goods, particularly non-oil exports; how the value is obtained from the export-import of goods between Indonesia-United States, whether Indonesian exports to the United States greater than Indonesian import from the United States; who gets the surplus of trade between the two countries; and how big the export-import growth rate is, whether Indonesia tends to become exporter or importer. Data used in this study were a time series of the year 2008-2012. The analytical method used was the growth formula and Trade Specialization Index. Based on the trade balance, the value of Indonesian exports, both oil and non-oil, the United States has a surplus and vice versa. In other words, the United States includes a country of Indonesia's main export, in addition to Japan and China. Value of Trade Specialization Index for both oil and non-oil exports is positive above 0 to 1, then the oil and non-oil commodities have strong competitiveness. Indonesia is likely as a means exporter of the commodity. However, based on 10 major Indonesian export commodities to the United States, as the largest foreign exchange earner for textile examples and textile products, footwear industries, electronic products, furniture, as well as horticultural commodities, is threatened lethargic, because shutdown policy decisions on the government services were feared to reduce consumption of the American people’s imported products.

The contribution of Chinese exports to climate change

International Nuclear Information System (INIS)

Weber, Christopher L.; Peters, Glen P.; Guan, Dabo; Hubacek, Klaus

2008-01-01

Within 5 years, China's CO 2 emissions have nearly doubled, and China may already be the world's largest emitter of CO 2 . Evidence suggests that exports could be a main cause for the rise in Chinese CO 2 emissions; however, no systematic study has analyzed this issue, especially over time. We find that in 2005, around one-third of Chinese emissions (1700 Mt CO 2 ) were due to production of exports, and this proportion has risen from 12% (230 Mt) in 1987 and only 21% (760 Mt) as recently as 2002. It is likely that consumption in the developed world is driving this trend. A majority of these emissions have largely escaped the scrutiny of arguments over 'carbon leakage' due to the current, narrow definition of leakage. Climate policies which would make the developed world responsible for China's export emissions have both benefits and costs, and must be carefully designed to achieve political consensus and equity. Whoever is responsible for these emissions, China's rapidly expanding infrastructure and inefficient coal-powered electricity system need urgent attention

Long term natural gas supply in North America: prospects for mexican exports

International Nuclear Information System (INIS)

Elizalde Baltierra, A.

1999-01-01

The aim of this work is to discuss the most important factors and uncertainties likely to affect future Mexican natural gas exports to the United States. Firstly, we study the long term natural gas supply/demand balance in North America over the period from 2000 to 2020. Secondly, we analyze the main driving forces determining future natural gas supply and demand in Mexico, which also allows us to discuss the prospects for Mexican gas exports. Finally, our analysis suggests that: in the short and medium term (2000-2010), Mexico will probably continue to increase imports of USA gas in order to satisfy increasing demand and will probably not export large volumes of gas to the USA; in the long term (2020-2020), Mexico could resume exports to the USA in sizeable quantities. Two main conditions appear necessary to resume exports: Premex's budgetary constraints should be relaxed and/or new foreign investment should be able to participate in the Mexican upstream oil and gas sector. (author)

Latin American oil markets and refining

International Nuclear Information System (INIS)

Yamaguchi, N.D.; Obadia, C.

1999-01-01

This paper provides an overview of the oil markets and refining in Argentina, Brazil, Chile, Colombia, Ecuador, Mexico, Peru and Venezuela, and examines the production of crude oil in these countries. Details are given of Latin American refiners highlighting trends in crude distillation unit capacity, cracking to distillation ratios, and refining in the different countries. Latin American oil trade is discussed, and charts are presented illustrating crude production, oil consumption, crude refining capacity, cracking to distillation ratios, and oil imports and exports

Effects of oil production on economic growth in Eurasian countries: Panel ARDL approach

International Nuclear Information System (INIS)

Bildirici, Melike Elif; Kayıkçı, Fazıl

2013-01-01

This study aims at analyzing the relationship between oil production and economic growth in major oil exporting Eurasian countries; Azerbaijan, Kazakhstan, Russian Federation and Turkmenistan for 1993–2010 periods. Empirical results reveal that oil production and economic growth are cointegrated for these countries. Furthermore, there is positive bi-directional causality between oil production and economic growth both in the long run and in the short run which supports the policies about investing in energy infrastructure. -- Highlights: ► Causality between economic growth and oil production is important for energy policies. ► Oil production and GDP are cointegrated for four oil exporting Eurasian countries. ► There is positive bi-directional causality between oil production and economic growth for these countries.

Fortum Oil and Gas 2000: Exceptionally high price of crude oil and strong refining margins

International Nuclear Information System (INIS)

Ropponen, V.-M.

2001-01-01

Fortum intends to be an active player in the structural reorganization of the oil business by utilizing its niche position in oil refining. Fortum produces sophisticated motor fuel components, which it uses in its reformulated gasolines and sells and exports to other oil companies, even to highly demanding markets in California. The increase in the price of crude oil considerably improved the results of Oil and Gas Upstream. Similarly, an improvement in the refining margin, as well as profitable shipping operations and a strong demand for gasoline components, boosted the results of Oil Refining and Marketing. (orig.)

Oil sands development in a carbon constrained world

Energy Technology Data Exchange (ETDEWEB)

McDougall, J. [Alberta Research Council, Devon, AB (Canada)

2006-07-01

The challenges facing oilsands development in Alberta were discussed in this PowerPoint presentation. In 2005, 71 per cent of Alberta's export value was derived from energy and mining. The author addressed the issue that resource based economies have rarely succeeded in the long term. He then demonstrated how such economies could capture value from technology. The primary focus was on the goal to develop and adapt greenhouse gas (GHG) transformational technologies that will break the link between hydrocarbon energy use and GHG emissions. The role of oil sands in this endeavour was also discussed. Alberta's oil sands are the world's largest hydrocarbon resource, with 315 b bbls proven reserves, and 2.5 t bbls potential reserves. As an important economic driver for Alberta, oil sands production is expected to grow significantly in the next 2 decades. Since bitumen production is more energy intensive than conventional oil, the industry is faced with the challenge of sustainable development. Concentrated GHG emissions create opportunities to proceed with long-term oil sands development with a sustainable level of GHG emissions, but technology and infrastructure are needed to take advantage of them. Current carbon dioxide (CO{sub 2}) storage projects in Alberta were highlighted. The economic potential of geological storage of CO{sub 2} through acid gas injection or deep disposal was discussed in terms of enhanced oil recovery, enhanced coalbed methane recovery, enhanced gas recovery and cost avoidance of CO{sub 2} per tonne. It was emphasized that a long-term vision and commitment is needed to balance with short term problems solving and longer-term strategic agendas. tabs., figs.

Interest grows in African oil and gas opportunities

International Nuclear Information System (INIS)

Knott, D.

1997-01-01

As African countries continue a slow drift towards democratic government and market economics, the continent is increasingly attractive to international oil and gas companies. Though Africa remains politically diverse, and its volatile politics remains a major barrier to petroleum companies, a number of recent developments reflect its growing significance for the industry. Among recent projects and events reflecting changes in Africa: oil and gas exporter Algeria has invited foreign oil companies to help develop major gas discoveries, with a view to boosting exports to Europe; oil and gas producer Egypt invited foreign companies to explore in the Nile Delta region, and the result appears to be a flowering world scale gas play; west African offshore exploration has entered deep water and new areas, and a number of major projects are expected in years to come; Nigeria's reputation as a difficult place to operate has been justified by recent political and civil events, but a long-planned liquefied natural gas (LNG) export plant is being built there; South Africa, which has returned to the international scene after years of trade isolation because of apartheid, is emerging as a potential driver for energy industry schemes throughout the continent. Activities are discussed

Assessment of Trade Policy in Terms of Export Diversification in Azerbaijan

Directory of Open Access Journals (Sweden)

Sevda Shakir Imamverdiyeva

2015-09-01

Full Text Available We analyze current status of of Azerbaijan export diversification and foreign trade policy in independent years (up from1991. The main focuse is on the tariffs and non-tariff measures of the Republic of Azerbaijan. We analyze foreign trade policy instruments of Azerbaijan one by one and compeare them with similar mechanisms of other countries. Our results show that that the foreign trade policy is very favorable for increasing foreign trade volume, and diversification of non-oil export in Azerbaijan. We find that Azerbaijan’s the maximum import tariffs level is 15%, and simple average is 9.4%. At the same time, until now Azerbaijani Government does not use most non-tariff barriers, including import quantity quotas, export subsidy, damping, anti-dumping etc.

Brand Marketing Strategies in the Export of Maoming Litchi

Institute of Scientific and Technical Information of China (English)

2010-01-01

The thesis gives the brief overview of the development of Maoming litchi industry:it has the largest scale base and the output keeps going up;it has varieties of species and lots of famous special products;its standardized mass production ensures the safety of the products;the products go to market early with a broad range of sales;it has industrialized fruit production and deep product processing technology. After an introduction to the general situation of the export of litchis in China,the thesis introduces the current situation of the export of litchis in Maoming in terms of the continuously increasing exportations and the continuous expansion of the market and then,based on these,the thesis analyzes the existing problems in the export of Maoming Litchi:first,lack of brand awareness results in products with no brand;second,the instability of quality acts as a drawback to the exportation;third,fresh litchis are the main exportations,and the packaging and transportation technology of products are weak and thus the overseas markets are by no means well-explored. In order to adapt to the accelerating economic globalization,seize new opportunities for economic development,promote litchi exports from sluggish to healthy development and thus come to the successful transition of Maoming City as an agricultural city to a strong city in agricultural science and technology,corresponding strategies of the brand marketing of Maoming Litchi are put forward in the thesis:first,to enhance brand awareness and make it a famous brand;second,to build bases for litchis’ export and make Chinese litchis known worldwide;third,to pay intensive attention to the preservation of litchis and propel industrial management;fourth,to improve the market distribution system and open up the international market.

Export and Economic Growth Nexus in the GCC Countries: A panel Data Approach

Directory of Open Access Journals (Sweden)

hatem Hatef abdulkadhim

2017-12-01

Full Text Available The export and economic growth nexus, which is called Balassa’s Export-Led Growth Hypothesis (ELGH  in the literature, is still an unstill issue in both the theoretical and empirical literature. In the present study, the effect of export on economic growth in  oil exporting developing countries, namely, Bahrain, Saudi Arabia, Qatar,  Kuwait, UAE, and Oman in the 1990–2014 period was tested based on three models, pooled ordinary least squares (POLS, fixed effects model (FEM, and random effects model (REM  via panel data analysis . The findings revealed strong support for the “export-led growth” hypothesis. In addition, our results show that apart from growth in the labor force, investments in capital formation are necessary for economic growth. According to the obtained results, the ability to adopt technological changes in order to increase efficiency, and sustain economic development is also important.

The development of Middle Eastern gas: analyses of the graveyard of export projects

International Nuclear Information System (INIS)

Mabro, Robert

1994-01-01

There are three types of opportunities for gas developments in the Middle East. The first are those provided by the domestic energy market, the second by regional trade and the third by the potential for exports outside the region. The development of the full gas potential of the region, given the size of the reserves held by several countries, will only be possible through export. Of course, there is still room for the expansion of gas use within the producing countries and their regional neighbours but growth of domestic demand would not make a significant dent in the regional reserves before several decades. The potential for exports is constrained, however, by the uncertainty about future oil prices, the long lead-in time of major gas projects and the associated financing problems. There is a graveyard of gas export projects in the Middle East. New projects are continually conceived and then abandoned or indefinitely postponed. Even the famous Qatargas project which took so long to bring to the threshold of implementation appears in the present climate to be unattractive for both the country and the foreign investors involved. Gas in the Middle East will remain for a very long time a resource for an ever more distant future. There is still too much oil around for its price to rise to a support level for big gas projects in the Middle East. And there is no significant demand yet in Europe for Middle East oil which only leaves the Far East as a potential market. The paradox is that if gas resources are not developed ahead of needs, gas will not be available in sufficient volumes when required. (Author)

The effects of Norwegian gas export on the global CO2 emission

International Nuclear Information System (INIS)

1996-01-01

This report analyses how a limitation of Norway's gas export might affect the global CO 2 emission. In principle, a reduction of this export can lead to decreased or increased CO 2 emission depending on changes in several conditions that individually have conflicting emission effects. What the total effect will be can only become clear after a thorough empirical analysis of the supply and demand structure. The model calculations presented in the report show that the global emission will probably increase if Norway reduces the gas export. A gas export reduction of 10 million tonne oil equivalents in 2015 will increase the global emission by 1.4 and 7.5 million tonne CO 2 depending on the assumption made for alternative gas supplies to the European market and for market conditions in the importing countries. 4 refs., 32 figs., 44 tabs

Quantifying China's oil import risks and the impact on the national economy

International Nuclear Information System (INIS)

Sun, Mei; Gao, Cuixia; Shen, Bo

2014-01-01

With an increase in China's oil imports, China's oil supply will also continue to be effected by the socio-economic stability of oil-exporting countries and the safety of oil transport routes. This paper introduces a systematic and quantitative method to evaluate the influence of China's oil import risks (OIR) on the national economy and industrial sectors from a perspective of apply chain process. For this analysis, China's OIR is quantified by integrating oil exporting country risk and the risks from oil transportation routes. Country risk is defined as the oil-exporting country's political risk caused by political changes or internal conflicts. Transport risk is defined as the risk of shipping routes affected by pirate attacks and geopolitics. Second, the relationship between China's OIR and oil import costs is analyzed using a multiple linear approach. Third, an input–output analysis method is used to research the effect of the cost of China's oil imports on the cost of investment within China's domestic sectors. This research finds that the corresponding impact on GDP is 3494.5 million dollars given an increasing by 10% of China's OIR. And the impact on domestic sectors differs from sector to sector. Finally, this paper puts forth recommendations to improve long-term oil supply security in China. - Highlights: • Quantifies China's OIR while taking into consideration the risks from oil-exporting countries and the risks from oil transportation routes. • Explores the relationship between China's OIR and oil import costs using a multiple linear regression approach. • Analyzes the effects of China's OIR on the investment cost of domestic sectors with an input–output analysis. • Investigates the impact of China's OIR on the domestic economy

Achieving 80% greenhouse gas reduction target in Saudi Arabia under low and medium oil prices

KAUST Repository

Alshammari, Yousef Mohammad

2016-11-10

COP 21 led to a global agreement to limit the earth\\'s rising temperature to less than 2 °C. This will require countries to act upon climate change and achieve a significant reduction in their greenhouse gas emissions which will play a pivotal role in shaping future energy systems. Saudi Arabia is the World\\'s largest exporter of crude oil, and the 11th largest CO2 emitter. Understanding the Kingdom\\'s role in global greenhouse gas reduction is critical in shaping the future of fossil fuels. Hence, this work presents an optimisation study to understand how Saudi Arabia can meet the CO2 reduction targets to achieve the 80% reduction in the power generation sector. It is found that the implementation of energy efficiency measures is necessary to enable meeting the 80% target, and it would also lower costs of transition to low carbon energy system while maintaining cleaner use of hydrocarbons with CCS. Setting very deep GHG reduction targets may be economically uncompetitive in consideration of the energy supply requirements. In addition, we determine the breakeven price of crude oil needed to make CCS economically viable. Results show important dimension for pricing CO2 and the role of CCS compared with alternative sources of energy.

Country profile: Syria

Energy Technology Data Exchange (ETDEWEB)

1985-06-01

A relatively minor oil exporter on Middle Eastern terms, Syria is a member of OPEC and one of the first Arab states to take control of its hydrocarbon resources from foreign domination. After a period of decline, a major discovery is opening new perspectives of Syria's future. The author describes Syria's history since it emerged from the Ottoman Empire and a period of French domination into a period of industrialization and economic development. Oil is the largest single item in the balance of payments and the leading provider of revenues for investment by the government. Since the first discoveries in the 1950s, a number of fields have become productive. The configuration of refineries makes it necessary to export crude oil and import light crude from the new discoveries, making crude oil and petroleum products the largest negative items on the balance of payments. 1 figure.

Oil-field equipment in Romania. Export trade information

International Nuclear Information System (INIS)

Tinis, R.

1991-09-01

The Industry Sector Analyses (I.S.A.) for oil field equipment contains statistical and narrative information on projected market demand, end-users, receptivity of Romanian consumers to U.S. products, the competitive situation - Romanian production, total import market, U.S. market position, foreign competition, and competitive factors, and market access - Romanian tariffs, non-tariff barriers, standards, taxes and distribution channels. The I.S.A. provides the United States industry with meaningful information regarding the Romanian market for oil field equipment

Un Manifesto economico per i paesi del Golfo Persico esportatori di petrolio(An Economic Manifesto for the Oil Exporting Countries of the Persian Gulf

Directory of Open Access Journals (Sweden)

Hossein Askari

2012-04-01

Full Text Available The oil-exporting countries of the Persian Gulf have failed economically and socially. It is time for a radical new approach to managing oil revenues while oil and gas reserves last. We propose an approach to cut the level of oil revenues available to governments to zero while incorporating a formal "Oil Fund for All Generations". Others have proposed and implemented oil funds but in our proposal the government would (in time lose all access to oil revenues; by taking easy money away from governments and rulers, waste, corruption, military expenditures and wars will be reduced, there will be better chance of adopting and implementing rational economic policies, and equity across generations may be enhanced. Hope may be slowly restored to a region that has lost hope. I paesi del Golfo Persico esportatori di petrolio hanno fallito dal punto di vista economico e sociale. È tempo di adottare un approccio radicalmente nuovo alla gestione dei ricavi petroliferi finché vi sono ancora riserve di petrolio e di gas. Noi proponiamo un approccio finalizzato ad azzerare il livello dei ricavi disponibili per i governi, istituendo allo stesso tempo un formale “Fondo petrolifero per tutte le generazioni”. Fondi petroliferi sono stati ipotizzati e realizzati anche da altri, ma nella nostra proposta il governo perderebbe (col tempo qualunque accesso ai ricavi petroliferi; sottraendo denaro facile ai governi e ai sovrani, la probabilità di sprechi, corruzione e guerre risulterebbe ridotta, e vi sarebbe maggiore possibilità di adottare e mettere in pratica politiche economiche razionali finalizzate ad accrescere l’equità tra le generazioni.  JEL Codes: O13, O53, Q48Keywords: Gas; Oil

Oil flow in deep waters: comparative study between light oils and heavy oils

Energy Technology Data Exchange (ETDEWEB)

Andreolli, Ivanilto [PETROBRAS S.A., Rio de Janeiro, RJ (Brazil)

2009-12-19

Ultra deeper waters fields are being exploited due to technological development. Under this scenario, the flow design is accomplished through pipelines subjected to low temperature and high pressure. Moreover, these flow lines are usually long causing a fast fluid cooling, which may affect flow assurance in some cases. Problems during topsides production plant's restart might occur if the oil is viscous and even in steady state a significant different behavior can be noticed, if compared to a less viscous oil. A comparison between light and heavy oil through a case study with the objective to show some heavy oil flow particularities is the purpose of this paper. Permanent and transient analyses for a specific geometry are presented. The results showed that thermal and proper viscosity modeling are required for heavy oil flow, differently from that of light oil flow, due to the exponential viscosity dependence to temperature and because the predominant laminar regime. In addition, on heavier and heavier oil flow systems, it is essential to consider exportation system's restart. (author)

Turmoil on the International Oil Markets. Getting Used to Production Capacity Constraints

International Nuclear Information System (INIS)

Ten Kate, W.; Van Geuns, L.

2009-01-01

In 2008 the world experienced a prelude to the new realities of the international oil market. These new realities include a tight balance between supply and demand, the rapidly increased cost of the marginal barrel and the extreme price volatility. This price volatility has driven prices up $50 a barrel in the space of 5 months, only to drop $50 in 2 months after the July 14 peak of $147 a barrel when consumers began to seriously drop out of the market and inventories were drawn down. After the extreme downward correction, the crisis on the international capital markets led to dim expectations about economic growth for the rest of the year and 2009, and this also played a role. However, prices are expected to rebound again, reflecting the fundamental upward shift of oil prices from an average of about $70-80 a barrel to about $110-120 a barrel. This fundamental upward shift is due to a combination of so-called 'underground' and 'above ground' conditions. The 'underground' problems include the size, depth and geological complexities of new oil fields that are driving up the cost per barrel. These complex oil fields need to be taken into production, since 'above ground' problems limit International Oil Companies' (IOCs) ability to access the lower-cost oil in producing countries. The 'above ground' problems slow the pace of development of medium-cost oil in the largest producing countries in the Middle East and Russia. Despite the expectation of a continued demand for oil, oil exporting countries are concerned about the security of demand, and adapt their development plans accordingly. Moreover, with the increased prices of the last few years and the resulting increase in oil revenues, the management of the monetarised oil wealth has become a concern as well. The value of the dollar has been slipping and oil exporting countries tried to match this depreciation by increasing oil prices. China's rise as an important manufacturer in the world, with the accompanying

China's energy security: Oil and gas

International Nuclear Information System (INIS)

Wu, Kang

2014-01-01

China is currently the largest energy consuming country in the world. Until the early 1990s, China had long been a net energy exporter. The country became a net oil importer in 1993, the first time since the 1960s. For China, energy security first means oil supply security. China turned into a net natural gas importer in 2007 and then a net coal importer in 2009. In other words, China is now a net importer of all three types of fossil energy—oil, natural gas, and coal. In the context of rising oil imports and implementation of China's 12th Five-Year Program from 2011 to 2015, this paper examines China's energy security strategies with a focus on three leading elements, namely overseas oil investment, strategic petroleum reserves (SPR)and unconventional gas development. Our findings suggest that the Chinese government has promoted overseas investment strongly; its SPR program has been established though the progress for Phase II has been slower than expected and the government intends to boost the unconventional gas sector development. However, the challenges are enormous as well. As for future research, other elements for each dimension of energy security should be reviewed to reach a comprehensive conclusion about how well China has done and what steps are needed to move forward. - Highlights: • Identified China's key energy security strategies during the 12th Five-Year Program (FYP) and previous FYPs. • Provided a unique insight into China's rising oil imports. • Reviewed China's overseas oil and gas investment as a key energy security measure. • Assessed China's strategic petroleum reserves program and the future growth. • Provided a comprehensive coverage of China's unconventional gas development, including both coal-bed methane and shale gas

Middle East oil and gas

International Nuclear Information System (INIS)

1995-01-01

This study is intended to shed light on structural changes occurring in six Middle East countries (Iran, Iraq, Kuwait, Qatar, Saudi Arabia and the United Arab Emirates) that can be expected to have a significant impact on their oil and gas industry. These six countries provide 42% of the world's traded crude oil, on which Member countries of the International Energy Agency (IEA) are increasingly dependent. They also contain about 65% and 30% of the world's proven oil and natural gas reserves, respectively, and command a strategic location between Europe and Asia. The Middle East has been one of the most volatile parts of the world where war, revolution and embargoes have caused major upheavals that have led to oil supply disruptions. The oil resources of all six countries were initially developed by international oil companies and all are members of the Organization of the Petroleum Exporting Countries (OPEC). In 1994, their crude oil production capacity was about 23 million barrels per day (mbd) and is planned to expand to about 28 mbd by the year 2000. Revenue from the sale of oil accounts for more than 80% of each nation's total exports and about 75% of each government's income. The objectives of this study are: to detail their announced oil and gas development plans, to describe the major trends occurring in these countries, to outline the government responses to the trends, and to analyse the impact of government policies on oil and gas development. (J.S.). 121 refs., 136 figs., 212 tabs

Origin, imports and exports of HIV-1 subtype C in South Africa: A historical perspective.

Science.gov (United States)

Wilkinson, Eduan; Rasmussen, David; Ratmann, Oliver; Stadler, Tanja; Engelbrecht, Susan; de Oliveira, Tulio

2016-12-01

While the HIV epidemic in South Africa had a later onset than epidemics in other southern African countries, prevalence grew rapidly during the 1990's when the country was going through socio-political changes with the end of Apartheid. South Africa currently has the largest number of people living with HIV in the world and the epidemic is dominated by a unique subtype, HIV-1 subtype C. This large epidemic is also characterized by high level of genetic diversity. We hypothesize that this diversity is due to multiple introductions of the virus during the period of change. In this paper, we apply novel phylogeographic methods to estimate the number of viral imports and exports from the start of the epidemic to the present. We assembled 11,289 unique subtype C pol sequences from southern Africa. These represent one of the largest sequence datasets ever analyzed in the region. Sequences were stratified based on country of sampling and levels of genetic diversity were estimated for each country. Sequences were aligned and a maximum-likelihood evolutionary tree was inferred. Least-Squares Dating was then used to obtain a dated phylogeny from which we estimated the number of introductions into and exports out of South Africa using parsimony-based ancestral location reconstructions. Our results identified 189 viral introductions into South Africa with the largest number of introductions attributed to Zambia (n=109), Botswana (n=32), Malawi (n=26) and Zimbabwe (n=13). South Africa also exported many viral lineages to its neighbours. The bulk viral imports and exports appear to have occurred between 1985 and 2000, coincident with the period of socio-political transition. The high level of subtype C genetic diversity in South Africa is related to multiple introductions of the virus to the country. While the number of viral imports and exports we identified was highly sensitive to the number of samples included from each country, they mostly clustered around the period of

US energy security plans threatened by militant Venezuela

International Nuclear Information System (INIS)

Anon.

2005-01-01

Faced with the need to import increasing volumes of crude oil and the desire to avoid over-dependence on the Middle East, the United States is looking to its own hemisphere for more oil. Unfortunately for Washington, the continent's largest oil exporter does not appear to want to co-operate. Venezuela's President, Hugo Chavez, wants to reduce his country's political and economic ties with the US and is seeking other markets for its oil. He has also picked a fight with US oil companies operating in Venezuela, disputing their taxes and refusing to approve their upstream investment programmes, giving rise to fears that oil and gas production will not grow as planned, thereby reducing future export levels. (author)

OPEC's [Organization of Petroleum Exporting Countries] learning process

International Nuclear Information System (INIS)

Boussena, S.

1994-01-01

The new world oil market is distinguished by the level of uncertainty that surrounds trends in the price of crude oil. Although its influence has been diminished, the Organization of Petroleum Exporting Countries (OPEC) remains a key player in this market and it is of interest to try to understand its current behaviour. A review is presented of OPEC market regulation, divergence and convergence around pricing issues, and OPEC's reactions to uncertainty, financing of additional production capacity and external competition, non-OPEC oil, alternative energy sources, and energy conservation. In the long term, OPEC has to choose, with the explicit and implicit accord of its other partners in the oil industry, between a relatively regulated market and a situation of total competition. There is the strong likelihood that in the future OPEC will not accept the role of unique regulator of the market and therefore of residual supplier when supply exceeds demand. 15 refs., 3 figs

Oil Companies and Reserves | Compagnies et réserves pétrolières

Directory of Open Access Journals (Sweden)

2012-05-01

Full Text Available Top 20 World Oil CorporationsTop 20 des compagnies pétrolières mondialesSources: OPEC, Annual Statistical Bulletin, 2009; 2009 official reports of oil companies; British Petroleum, BP Statistical Review of Word Energy, 2010.Crude Oil Exports per Area (in Million Tonnes, 2009Exportations de pétrole brut par région (en millions de tonnes, 2009Sources : www.iea.org; www.opec.org; www.gecforum.org; British Petroleum, BP Statistical Review of World Energy, 2010.China’s Crude Oil Imports from Afr...

A look at one of the world's largest apron feeder drives - Alberta Oil Sands Project

Energy Technology Data Exchange (ETDEWEB)

Persson, O. (Hagglunds Drives Canada Inc., Vancouver, BC (Canada))

1999-01-01

Various types of equipment to transport tar sands to processing plants are discussed, with special attention to the advantages of hydraulic direct drives over conventional electro-mechanical drives. A hydraulic direct drive such as the Hagglund Drive has exceptional starting torque capacity due to the high torque capability of the hydraulic motor. As such, it can be particularly useful in applications where shock loads occur with some frequency, or where many starts and stops are needed. Application of the Hagglund drive to power one of the world's largest apron feeders in the Alberta Oil Sands is described as an illustration of the exceptional reliability, productivity and performance of this equipment. It has about one five-hundredth of the inertia of an equivalent high speed drive with gear reducer, a feature which is particularly significant in the case of feeders which are known to suffer much downtime due to chain related problems. These types of drives have also been used to great advantage in the process industries like pulp and paper, chemical, rubber and plastics, recycling and steel. 1 tab., 1 fig.

Oman: Current status, upstream and export developments, investment opportunities

International Nuclear Information System (INIS)

Skeet, I.

1994-01-01

Oil production in Oman has consistently increased since 1980 to reach its current level of ca 800,000 bbl/d. Reserves total ca 5 billion bbl and gas reserves are over 20 trillion ft 3 , of which a third is being dedicated for export. The main operator is Petroleum Development Oman (PDO), which is 60% owned by the Omani government. Some production areas are taken up by other companies under production sharing contracts. Gas is used for local industrial purposes and a third of gas reserves are being dedicated to a liquefied natural gas export scheme planned to be on-stream by 2000. The government has been seeking foreign investment and increasing private-sector participation, an example being a Belgian-Omani consortium to construct a 100-MW gas-fired power station. However, opportunities for investing in the upstream oil/gas sector are limited since most prospective areas have already been taken up. The economic, political, and social problems which may affect future investment are discussed. Oman is essentially a one-resource economy and declines in oil prices have led to widening government deficits. Social expectations created by the oil-financed welfare state make it difficult for government expenditures to be cut back. There is lack of public debate in the state-controlled media and no public participation in policy and decision making. There is a perception of widening corruption in government and a nascent movement toward a more rigid Islamic view of society. Controls are needed to maintain a reasonable balance between oil revenues and public expenditures, while pressures from an increasingly literate and numerous population will demand changes to the traditional autocratic system of government. 5 figs., 2 tabs

Quality control and disinfestation of spices for export

International Nuclear Information System (INIS)

George, C.K.

1998-01-01

India is the largest producer, consumer and exporter of spices in the world. Other than a few, all spices are grown in this country. The production is estimated at 2.6 million tonnes with an export of about 0.22 million tonnes valued around US $ 333 million. India's share in the world trade is over 40 % in quantity and 20 % in value. Many spices produced in India face quality problems as in other countries. For identifying quality produce, grade specifications have been introduced for all the important spices. With the liberalization of government controls, compulsory pre-shipment inspection has been withdrawn unless insisted by the buyer abroad. To meet the sanitary and phytosanitary requirements, the Spices Board has taken up a massive programme for upgradation of quality of Indian spices. Logo mark and Spice House Certificates are awarded to those spice exporting units having necessary infrastructure for assuring quality. By now, 6 units have been accredited to ISO 9000. Though different chemical and non-chemical treatments are available for improving hygienic quality, irradiation appears to be a reliable method. However, its wide application in the spice industry depends upon the conviction of the consumers of its safety. Because of the comprehensive programmes taken up for quality improvement of spices, India is confident of exporting spices meeting quality specifications prescribed by the importing countries. (author)

FAKTOR-FAKTOR YANG MEMPENGARUHI EKSPOR CRUDE PALM OIL INDONESIA DALAM PERDAGANGAN INTERNASIONAL

Directory of Open Access Journals (Sweden)

fakhrus radifan

2014-10-01

Full Text Available Abstrak ___________________________________________________________________ Crude Palm Oil merupakan salah satu komoditas perkebunan ekspor unggulan yang mampu memberikan kontribusi dan sebagai salah satu penyumbang pendapatan devisa Indonesia dari ekspor tersebut. Produk olahan dari kelapa sawit yang kaya akan manfaat mempunyai peluang ekspor yang cukup besar di pasar internasional, selain diolah sebagai bahan baku industri minyak goreng, margarin, sabun dll. CPO juga dapat dijadikan bahan bakar alternatif nabati pengganti minyak bumi yang dapat diperbaharui. Namun volume Ekspor CPO Indonesia yang cenderung berfluktuatif dan mengalami penurunan dapat menjadikan kendala ekspor dalam perdagangan internasional. Penelitian ini bertujuan untuk mengetahui pengaruh variabel independen (Produksi CPO Indonesia, kurs Rupiah/Dolar AS, dan harga minyak mentah dunia terhadap variabel dependen (Ekspor CPO baik dalam jangka pendek maupun jangka panjang.Penelitian ini menggunakan data runtut waktu atau time series. Model analisis yang digunakan adalah alat analisis ekonometrika model koreksi kesalahan (Error Correction Model/ECM. Berdasarkan hasil penelitian dapat disimpulkan bahwa variabel independen dalam jangka panjang berpengaruh positif dan signifikan terhadap ekspor CPO Indonesia. Bagi produsen CPO Indonesia diharapkan dapat meningkatkan kapasitas produksinya, mencermati perkembangan harga minyak mentah dunia dan pergerakan kurs rupiah terhadap Dolar Amerika. Abstract ___________________________________________________________________ Crude Palm Oil is one of the main export commodities which are able to contribute Indonesia's foreign exchange earnings from the export. Products processed from palm oil which is rich in benefits has a sizeable export opportunities in international markets, in other hand  it is also can be used as raw material for cooking oil, margarine , soap etc. CPO can also be used as an alternative fuel vegetable oil substitute that

Oil supply increase due in 1996's second half

International Nuclear Information System (INIS)

Beck, R.J.

1996-01-01

The crucial oil-market issue for this year's second half is new supply. Production will increase again outside the Organization of Petroleum Exporting Countries. And Iraq has general approval to resume exports under limits set by the United Nations, although start of the exports has been delayed by at least 60 days. The big question is the market's ability to absorb the supply gains. As usual, the market's need for oil in the second half will depend on economies. So far in 1996, economic growth has pushed consumption to levels unexpected a year ago. Demand the rest of the year depends heavily on economic performances of the industrialized nations that make up the organization for Economic Cooperation and Development (OECD) and the rapidly growing nations of the Asia-Pacific region. Growth in countries elsewhere in the developing world, especially Latin America, remains a wild card. The paper discusses the worldwide outlook, crude oil prices, US product prices, natural gas prices, US economy, US energy demand, natural gas in the US, US oil demand, gasoline prices, distillate gains, resid slumps, LPG, ethane, US supply, production patterns, rise in refinery capacity, imports, stocks, and stock coverage

The oil and gas equipment and services market in India

International Nuclear Information System (INIS)

2002-01-01

In terms of purchasing power, India represents the fourth largest economy in the world. In the year April 1, 2001-Mar 31, 2002, it was estimated that India had a 5.4 per cent growth in gross domestic product (GDP). Canada experienced a 19.9 per cent increase in exports to India in 2001, reaching 656 million dollars. With the world's six-largest energy consumption, oil demand in India is expected to grow to 179 million tonnes in 2006-2007, while the demand for natural gas is expected to reach 231 million cubic metres per day in the same period. To meet this growing demand, India will require investments in the order of 150 billion dollars over the next 10 to 12 years. The oil and gas industry is being opened to the private sector and foreign direct investment, due to new government policies on exploration, production, distribution, and sales. Foreign involvement in exploration, previously restricted to Indian state-owned firms, is now allowed through the New Exploration Licensing Policy. In exploration and production (E and P) activities, as well as the refinery sector, foreign ownership of up to 100 per cent is now allowed. Two Indian companies which dominate the Indian E and P sector, namely Oil and Natural Gas Corporation (ONGC) and Oil India Limited (OIL), will be upgrading their ageing infrastructure, purchasing new equipment and redeveloping existing oil and gas fields, thereby creating opportunities for the supply of equipment and services. Canadian companies possessing the latest technologies and services in exploration, drilling machinery and equipment, directional drilling services, production machinery and equipment, enhanced recovery services, deep-water drilling equipment and services, and equipment for coal methane E and P should benefit from these opportunities. Over 12,000 kilometres of pipelines are being planned across India, as well as private opportunities in the refinery sector which was opened to the private sector in April 2002. Occasional

International participation in Russia's oil sector

International Nuclear Information System (INIS)

Vowinckel, G.

1997-01-01

The active role of the European Bank for Reconstruction and Development (EBRD) in the oil and gas sector of the former Soviet Union was discussed. The EBRD was formed in 1991 with a mandate to help Central and Eastern European countries, particularly countries of the former Soviet Union, to make a transition from the command economy to a market economy. To date, the EBRD has made 15 investments in oil and gas projects with total project costs of nearly $2 billion US. The first projects were joint venture projects with western oil companies. Some of these were the Chernogorskoye project in the Nizhnevortovsk oil region, the Polar Lights project in the Russian Timan-Pechora region, the KomiArctic Oil project in the Komi region of the Russian Federation, two Fracmaster projects and the Geoilbent project. The first years of the projects were difficult, due to the strains of trying to adapt to new challenges and changes. The fiscal regime has changed with time and new taxes have been added and others changed. Many of the legal issues with past projects have been solved. One area of concern with the joint ventures is the export of the produced oil to western markets to achieve international market prices. At present, the joint ventures export between 30 to 50 per cent of their production, but the the Russian Federation would like to increase its export capacity. Production Sharing Agreements (PSAs) have been found to be particularly suitable for the development of large oil fields such as the offshore Sakhalin Island project in the far east of the Russian Federation. Western companies such as Shell, Marathon, Mitsui and Mitsubishi are involved in the first of these developments. Azerbaijan and the Caspian Sea area are other regions outside the Russian Federation which have important potential for international participation in the development of oil fields. Efforts are being made to rehabilitate the fields and to partially rebuild existing pipelines and to construct new

Politics and economics to shape international oil and gas activity

International Nuclear Information System (INIS)

Anon.

1992-01-01

This paper reports that political and economic events play unusually strong roles in shaping worldwide oil and gas activity levels this year. Developments in the former U.S.S.R. will be critical. As the now-independent republics adopt new economic systems, production and demand patterns will change, as will exports from what has been the world's leading oil producer. Changing conditions in the Middle East among members of the Organization of Petroleum Exporting countries also will affect the industry in the year following the brief Persian Gulf war. Unless worldwide demand surges unexpectedly, these substantial additions to supply will tend to weaken oil prices in 1992

Oil spills in mangroves: A conceptual model based on long-term field observations

Energy Technology Data Exchange (ETDEWEB)

Jacobi, C.M.; Schaeffer-Novelli, Y. (Sao Paulo Univ. (Brazil))

1990-11-01

A conceptual model is proposed for evaluating residence time of oil in mangrove environments. It assumes that, after oil has spread over a mangrove coastline, it remains in the environment by retention in the sediment. Removal is mainly in association with seaward particle export. Since detritus export depends on tidal flush, the area affected by an oil spill can be devided into sections parallel to the coastline having different removal rates increasing seaward (under little river flush and regular topography). 1 fig., 11 refs.

Interest grows in African oil and gas opportunities

Energy Technology Data Exchange (ETDEWEB)

Knott, D.

1997-05-12

As African countries continue a slow drift towards democratic government and market economics, the continent is increasingly attractive to international oil and gas companies. Though Africa remains politically diverse, and its volatile politics remains a major barrier to petroleum companies, a number of recent developments reflect its growing significance for the industry. Among recent projects and events reflecting changes in Africa: oil and gas exporter Algeria has invited foreign oil companies to help develop major gas discoveries, with a view to boosting exports to Europe; oil and gas producer Egypt invited foreign companies to explore in the Nile Delta region, and the result appears to be a flowering world scale gas play; west African offshore exploration has entered deep water and new areas, and a number of major projects are expected in years to come; Nigeria`s reputation as a difficult place to operate has been justified by recent political and civil events, but a long-planned liquefied natural gas (LNG) export plant is being built there; South Africa, which has returned to the international scene after years of trade isolation because of apartheid, is emerging as a potential driver for energy industry schemes throughout the continent. Activities are discussed.

Nigeria: the political economy of oil

International Nuclear Information System (INIS)

Khan, S.A.

1994-01-01

This book is the second in a series of books on the major petroleum exporting nations, most of them part of the developing world. These countries occupy a central position in the global economy given that oil is the energy source most used in the world and the most important primary commodity in international trade. At the same time they find themselves inescapably dependent on a single source of income. Their own economic prospects are closely bound to the future of their oil. It aims to provide a broad description of the oil and gas sectors, highlighting those features which give the country a physiognomy of its own. The analysis is set in the context of history, economic policy and international relations. It also seeks to identify the specific challenges that the exporting country studies will face in developing its wealth to the best advantage of the economy. (author)

Venezuela: the political economy of oil

International Nuclear Information System (INIS)

Boue, J.C.

1993-01-01

This book inaugurates a new series of books on the major petroleum exporting nations, most of them part of the developing world. These countries occupy a central position in the global economy given that oil is the energy source most used in the world and the most important primary commodity in international trade. At the same time they find themselves inescapably dependent on a single source of income. Their own economic prospects are closely bound to the future of their oil. It aims to provide a broad description of the oil and gas sectors, highlighting those features which give the country a physiognomy of its own. The analysis is set in the context of history, economic policy and international relations. It also seeks to identify the specific challenges that the exporting country studies will face in developing its wealth to the best advantage of the economy. (author)

Export Margins, Price and Quantity of Belarus’s Export Growth

Directory of Open Access Journals (Sweden)

Otamurodov Shavkat

2017-03-01

Full Text Available This paper examines the sources of Belarus’s export growth and decomposes export growth into extensive and intensive margins. This study also aims to determine export margins for intermediate and final goods and to determine the price and quantity components of the intensive export margin. In order to achieve the desired objectives, we use two methods for decomposing export growth, the count method and the export shares method. We analyse Belarus's export growth using export data at the HS-6 digit level for the 2004-2014 period. Our results show that Belarus's exports grew mainly due to growth in the price margin during the studied period 2004-2014. However, the extensive margin was important in export growth to some extent. Comparing the growth rate across final and intermediate goods reveals that although the share of final products in Belarus’s exports is not very big (18.9% in 2014, the average annual growth in exports of final products is higher than that of intermediate goods. Our investigation also shows that Belarus produces a wide range of commodities, but the share of the most of these commodities is not large; its exports depend on a restricted range of commodities. Moreover, most of the commodities are exported to Russia and Ukraine. Our results give us reason to assume that finding new markets for their new products is one of the main challenges for developing countries wishing to increase their exports by an extensive margin. This has important implications for how policy makers promote the trade and diversification of exports.

IPPSO raises Hydro exports in smog negotiations

International Nuclear Information System (INIS)

Anon.

1997-01-01

The Independent Power Producers of Ontario (IPPSO) requested federal and provincial committees negotiating atmospheric emission standards to review Ontario Hydro's export wheeling plans. IPPSO alleges that Ontario Hydro is preparing to apply pressure on the Canadian export approval process, and is building up a major effort that will increase emissions, contrary to the objectives embodied in a number of environment protection projects such as the Ontario Smog Plan, The Federal-Provincial NOx Management Plan, the Strategic Options Plan, or the Convention on Long-Range Transboundary Air Pollution Draft NOx Protocol Negotiations. IPPSO alleges further that while Ontario Hydro is one of Canada's largest single emitter of greenhouse gases NOx, and SO 2 , and as a public sector corporation it should be the most amenable to serving the public good, the Corporation is doing exactly the opposite: it actively prevents production of electricity from less polluting sources. It is IPPSO's contention that Ontario Hydro's desire to control the Ontario market could come at significant cost to the environment

Kazakhstan or challenges of an oil economy

International Nuclear Information System (INIS)

Coville, Th.

2006-01-01

The economic growth of Kazakhstan is in full rise, marked by an activity supported by a public demand for full expansion and financed by the rise of the oil incomes. The budgetary expenditure consists mainly of investments in infrastructures in Astana and Almaty, and in the social fields and education. Exports are also in very big rise (+ 40% in 2005) induced by the rise to power of the quantities of exported hydrocarbons. An economic boom which depends on the oil receipts, in spite of the reforms resulting from the economic growth, Kazakhstan remains confronted with the Islamism rise like its neigh ours of the Central Asia. (author)

The energy sector abroad. Part 5. Norwegian energy sector large exporter of natural gas

International Nuclear Information System (INIS)

Van Gelder, J.W.

1997-01-01

Some facts about the Norwegian natural gas and oil industry are presented. In 1995 the industries took 12.5% of GNP and no less than 47.6% of export revenues. The use of natural gas in Norway is low. In 1996 Norway exported 37.9 billion m 3 of natural gas. It is planned to double that volume within the next 10 years. Therefore, a strategic alliance between two major foreign competitors (Gasunie in the Netherlands and Gazprom in the Russian Federation) was not met with enthusiasm. The three most important companies in the Norwegian oil and gas industry are Statoil, Norsk Hydro, and Saga Petroleum. Overall turnover of the sector in 1994 was 40.6 billion Dutch guilders. Some 17,500 people are directly employed by the sector. 5 ills., 5 tabs

Risk of revolutions in the Middle East. [Of importance for oil supplies

Energy Technology Data Exchange (ETDEWEB)

Jensen, R.

1983-01-01

Western Europe and of course also Denmark will still for many years be dependent on the oil that is recovered in the Arabian Gulf. Denmark has the largest percentage oil conservation in Western Europe. It is not only due to the power plants using more coal, but also our energy consumption decreases more than in other Western European countries. In spite of these reulsts it is obvious, that Denmarks economy entirely depends on the economy of our neighbouring countries. Security of energy supply is therefore a western problem, which Denmark cannot solve alone. The development of societies in the Middle East countries, including the key country Saudi Arabia, is so labile, that a period of crisis with insecurity in the oil supplies cannot be excluded. In addition to this is the risk of international conflicts, that stop the oil export. The probability of these risks becoming actualized in the next 10 to 15 years is hard to tell, but it is important to call the attention to the risks. These risks seem to be much underrated in the discussions of security policy, where the east-west problems dominate. Therefore it would be wrong to take the westernization of the Arabic societies for granted. Periods with extreme ideologies are very probable. As to the international conflicts one only has to refer to the present war between Iraq and Iran.

North Africa oil and gas

International Nuclear Information System (INIS)

Priddle, R.

1996-01-01

During the last decade, Algeria, Egypt and Libya have improved their fiscal terms for oil and gas development to attract more investment in this area. As a group, the three countries are implementing plans to increase crude oil production capacity 16 % from 3.15 million barrels per day (Mb/d) in 1995 to 3.65 Mb/d in the year 2000. Natural gas liquid are also being developed and their production capacity is planned to increase 30 % to 0.82 Mb/d in 2000. Concurrently, natural gas production capacity is being expanded about 50 % by 200 and natural gas exporting capacity should see a 92 % increase in 2000 over 1995 levels in short, the North Africa hydrocarbon producers are rapidly expanding their production and export capacity of gaseous and liquid hydrocarbons. This is the first IEA study to focus on North Africa. It shows how changing hydrocarbon legislation or production sharing agreements can result in changes in crude oil and natural gas production capacity. Much of the expansion outlined in this study is being guided by international oil companies attracted by the improved fiscal terms

Near-term world oil markets : economics, politics and prices

International Nuclear Information System (INIS)

Dwarkin, J.

2002-01-01

This paper discusses the three main factors that will determine how OPEC oil production will impact on energy markets. OPEC reassured the market in September 2001, following the terrorist attack in New York that it would not cut oil production, but by December 2001, OPEC was threatening that it would cut production unless many key non-OPEC producers collaborated to shore up prices. On January 1, 2002, OPEC members went ahead with a quota reduction, based on pledges of cuts from the non-OPEC oil exporting countries. World economies, oil demand, and the path which the U.S. economy will take during 2002 is critical in determining what happens next in terms of oil production from OPEC. Another important factor is knowing whether non-OPEC producers will actually cut output to a significant extent. The most critical factor will be the response by OPEC members if non-OPEC exporting countries do not keep their promise

Oil and gas products and energy equipment

International Nuclear Information System (INIS)

1996-01-01

The planned activities of the Canadian oil and gas products and energy equipment industry for 1996-1997, were presented. The sector is made up of approximately 1500 small and medium sized enterprises. The Canadian oil field manufacturing and servicing industry holds only a small 2.5% share of the world export market, but it is recognized internationally as one of the leading suppliers of advanced petroleum equipment. Their exports include specialized equipment for extracting oil sands, gathering and treatment facilities for sour gas, underbalanced drilling technologies, equipment for wells experiencing declining production rates, top motor drives, winter drilling rigs, and horizontal drilling technologies. They also offer petroleum industry software products. Most exploration and production equipment sold abroad by Canadian firms is manufactured in Canada, but there is an increasing trend toward manufacturing in the country of operation. 2 tabs

Market study on the oil and petroleum industry in Mexico

International Nuclear Information System (INIS)

1991-01-01

The historical background of the Mexican petroleum industry is outlined and an overview is presented of the state of the Mexican economic environment. The Mexican market for oil and gas field equipment is estimated, with a focus on the oil monopoly PEMEX. The total imports of oil and gas field equipment are estimated to increase to US$280.4 million in 1992, and the most important foreign suppliers are led by the USA, which has a 72% share. Canadian exports of oil and gas field equipment have remained fairly stable during the last few years at $2.4-2.7 million. In general, prospects for Canadian suppliers to the Mexican market are best in the area of technologically sophisticated equipment. An end-user profile of PEMEX is presented, noting that it is the largest enterprise in Latin America and had $14.2 billion in sales in 1989. Equipment imported by PEMEX includes seamless steel pipe, drilling tools, gate and control valves, electric motors, processing and control equipment, steam and gas turbines, and telecommunications equipment. PEMEX activities in 1989 are reviewed, including those in the petrochemical sector, and projected activities are described. Major efforts planned by PEMEX include expansion of petrochemical production. Access to the Mexican market is discussed in terms of PEMEX purchasing policy, payment system, import requirements, the need for using a supplier agent, and use of the metric system and other standards. 6 figs., 2 tabs

Eastern Canadian crude oil supply and its implications for regional energy security

International Nuclear Information System (INIS)

Hughes, Larry

2010-01-01

Canada has been blessed with immense energy resources; however, their distribution is not uniform. One such example is crude oil, which is found primarily in western Canada. Eastern Canada, consisting of the six eastern-most provinces (Newfoundland and Labrador, New Brunswick, Nova Scotia, Ontario, Prince Edward Island, and Quebec), produce limited quantities of crude oil, most of which is exported to the United States. Ideally, western Canadian crude oil would meet the demands of eastern Canada; however, the North American Free Trade Agreement (NAFTA) and the absence of oil pipelines means that eastern Canada increasingly relies on supplies of crude oil from a small number of oil exporting countries, many with declining production. This paper examines crude oil production, supply, and its refining in eastern Canada. It shows that crude production in the region has reached its peak and that increasing global competition for crude oil will affect energy security in eastern Canada, either through price increases or supply shortages, or both. (author)

Impacts of Changed Extratropical Storm Tracks on Arctic Sea Ice Export through Fram Strait

Science.gov (United States)

Wei, J.; Zhang, X.; Wang, Z.

2017-12-01

Studies have indicated a poleward shift of extratropical storm tracks and intensification of Arctic storm activities, in particular on the North Atlantic side of the Arctic Ocean. To improve understanding of dynamic effect on changes in Arctic sea ice mass balance, we examined the impacts of the changed storm tracks and activities on Arctic sea ice export through Fram Strait through ocean-sea ice model simulations. The model employed is the high-resolution Massachusetts Institute of Technology general circulation model (MITgcm), which was forced by the Japanese 25-year Reanalysis (JRA-25) dataset. The results show that storm-induced strong northerly wind stress can cause simultaneous response of daily sea ice export and, in turn, exert cumulative effects on interannual variability and long-term changes of sea ice export. Further analysis indicates that storm impact on sea ice export is spatially dependent. The storms occurring southeast of Fram Strait exhibit the largest impacts. The weakened intensity of winter storms in this region after 1994/95 could be responsible for the decrease of total winter sea ice export during the same time period.

China's new oil import status underpins world's most dynamic petroleum scene

International Nuclear Information System (INIS)

Anon.

1994-01-01

China is poised to become a net importer of oil in 1994--95. That sets the stage for China importing more than 1 million b/d of crude oil and refined products on a net basis by the turn of the century. That development underpins a bigger story -- arguably the biggest story on the petroleum scene today. The turnabout that is seeing the world's fifth biggest oil producer go from significant oil exporter in recent years to major oil importer by the turn of the century points to several other truisms in the petroleum industry: That an oil demand surge in the Asia-Pacific region led by China will fuel overall world oil demand growth for years to come; that a refining and petrochemical boom in a country that accounts for about one fifth of the world's population has dramatic implications for those two industries; that privatization has gathered so much momentum in the global petroleum industry that even Communist China has embraced some form of it; that China's domestic crude supply shortfall is creating unprecedented opportunities for foreign upstream investors in one of the world's most prospective yet underexplored and underexploited regions; and that the same new openness that is distinguishing China's petroleum industry today is turning some of its state owned companies into major competitors to be reckoned with on the international scene, upstream and downstream. The paper discusses China's oil export/import balance, supply/demand outlook, policy changes, and new regulations governing export of crude oil and products

Have oil and gas prices got separated?

International Nuclear Information System (INIS)

Erdős, Péter

2012-01-01

This paper applies vector error correction models that show that oil and natural gas prices decoupled around 2009. Before 2009, US and UK gas prices had a long-term equilibrium with crude prices to which gas prices always reverted after exogenous shocks. Both US and UK gas prices adjusted to the crude oil price individually, and departure from the equilibrium gas price on one continent resulted in a similar departure on the other. After an exogenous shock, the adjustment between US and UK gas prices took approximately 20 weeks on average, and the convergence was mediated mainly by crude oil with a necessary condition that arbitrage across the Atlantic was possible. After 2009, however, the UK gas price has remained integrated with oil price, but the US gas price decoupled from crude oil price and the European gas price, as the Atlantic arbitrage has halted. The oversupply from shale gas production has not been mitigated by North American export, as there has been no liquefying and export capacity. - Highlights: ► VEC models are applied to investigate the relationship between oil and natural gas prices. ► While natural gas prices in Europe and Asia react to oil price, US gas price decoupled from oil in 2009. ► Since 2009, the US gas price has decoupled from the European and Asian gas prices.

Use of Oil Palm Waste as a Renewable Energy Source and Its Impact on Reduction of Air Pollution in Context of Malaysia

International Nuclear Information System (INIS)

Begum, Shahida; Kumaran P; Jayakumar M

2013-01-01

One of the most efficient and effective solutions for sustainable energy supply to supplement the increasing energy demand and reducing environment pollution is renewable energy resources. Malaysia is currently the world's second largest producer and exporter of palm oil and 47% of the world's supply of palm oil is produced by this country. Nearly 80 million tonnes of Fresh Fruit Bunches (FFB) are processed annually in 406 palm oil mills and are generating approximately 54 million tonnes of palm oil mill effluent (POME), known to generate biogas consisting of methane – a Green House Gas (GHG) identifiable to cause global warming. This is 21 times more potent GHG than CO 2 . These two major oil palm wastes are a viable renewable energy (RE) source for production of electricity. If the two sources are used in harnessing the renewable energy potential the pollution intensity from usage of non-renewable sources can also be reduced significantly. This study focused on the pollution mitigation potential of biogas as biogas is a renewable energy. Utilization of this renewable source for the production of electricity is believed to reduce GHG emissions to the atmosphere.

Use of Oil Palm Waste as a Renewable Energy Source and Its Impact on Reduction of Air Pollution in Context of Malaysia

Science.gov (United States)

Begum, Shahida; P, Kumaran; M, Jayakumar

2013-06-01

One of the most efficient and effective solutions for sustainable energy supply to supplement the increasing energy demand and reducing environment pollution is renewable energy resources. Malaysia is currently the world's second largest producer and exporter of palm oil and 47% of the world's supply of palm oil is produced by this country. Nearly 80 million tonnes of Fresh Fruit Bunches (FFB) are processed annually in 406 palm oil mills and are generating approximately 54 million tonnes of palm oil mill effluent (POME), known to generate biogas consisting of methane - a Green House Gas (GHG) identifiable to cause global warming. This is 21 times more potent GHG than CO2. These two major oil palm wastes are a viable renewable energy (RE) source for production of electricity. If the two sources are used in harnessing the renewable energy potential the pollution intensity from usage of non-renewable sources can also be reduced significantly. This study focused on the pollution mitigation potential of biogas as biogas is a renewable energy. Utilization of this renewable source for the production of electricity is believed to reduce GHG emissions to the atmosphere.

China's oil resources

Energy Technology Data Exchange (ETDEWEB)

Wiesegart, K

1981-03-01

The United Nations International Meeting on Petroleum Geology is being held this month from 18-25 in China, a country whose oil reserves up to mid-sixties had been judged by foreign observers to be minute and the development of her oil sector of no major importance. Today, with an annual crude output of 106 mn tons, China already ranks ninth among the world's oil producers. And, with the prospect of a further advance towards leadership among producers and exporters of the coveted energy material, the West is showing growing interest in China's energy potential. How real is this prospect forms the subject of this article. 3 tables.

Canada [National and regional programmes on the production of hydrogen using nuclear energy

Energy Technology Data Exchange (ETDEWEB)

NONE

2013-03-15

Canada has considerable natural resources and is one of the world's largest producers (ranking 5th) and exporters of energy. Since 1980, Canada's total energy production has almost doubled, reaching 486 Mtoe in 2006, while its total energy consumption has increased by only 44%. Almost all of Canada's energy exports go to the USA. In 2006, the largest source of energy consumption in Canada was oil (32%), followed by hydroelectricity (25%) and natural gas (24%). Both coal (10%) and nuclear (7%) constitute a smaller share of the country's overall energy mix. Electricity production in Canada has been dominated by hydroelectricity, with nuclear and fossil fuels holding a 15-25% share each over the past two decades. Canada has the second-largest petroleum deposits in the world (after Saudi Arabia). Its oil sands produce 1.3 million bbl/d of oil today, up from 600 000 bbl/d in 2000. But the development of oil sands projects has been sharply criticized for its impact on the environment and its intensive use of both water and natural gas. The growth in oil sands exploitation is one of the reasons that Canada has failed to contain its GHG emissions in recent years despite its commitment to do so.

Impact of oil price shocks on selected macroeconomic variables in Nigeria

International Nuclear Information System (INIS)

Iwayemi, Akin; Fowowe, Babajide

2011-01-01

The impact of oil price shocks on the macroeconomy has received a great deal of attention since the 1970 s. Initially, many empirical studies found a significant negative effect between oil price shocks and GDP but more recently, empirical studies have reported an insignificant relationship between oil shocks and the macroeconomy. A key feature of existing research is that it applies predominantly to advanced, oil-importing countries. For oil-exporting countries, different conclusions are expected but this can only be ascertained empirically. This study conducts an empirical analysis of the effects of oil price shocks on a developing country oil-exporter - Nigeria. Our findings showed that oil price shocks do not have a major impact on most macroeconomic variables in Nigeria. The results of the Granger-causality tests, impulse response functions, and variance decomposition analysis all showed that different measures of linear and positive oil shocks have not caused output, government expenditure, inflation, and the real exchange rate. The tests support the existence of asymmetric effects of oil price shocks because we find that negative oil shocks significantly cause output and the real exchange rate. (author)

Oil in France: main results in 2008

International Nuclear Information System (INIS)

2008-01-01

This article comments the evolution of oil product prices in France in 2008 and of the global oil product consumption in 2008. This consumption and its evolutions are also analysed with respect to the different consuming sectors: non-energetic uses (petrochemical industry and lubricants), industry, housing and office buildings, agriculture, transports, and electricity thermal production. Crude oil imports and their origins are the commented, as well as refined product imports and exports. The evolution of price of imported crude oil, the national oil production, the refining activity in France, and the amount of crude and refined oil stocks are also briefly commented

Estimation of the contribution of exports to the provincial economy: an analysis based on China's multi-regional input-output tables.

Science.gov (United States)

Wu, Sanmang; Li, Shantong; Lei, Yalin

2016-01-01

This paper developed an estimation model for the contribution of exports to a country's regional economy based on the Chenery-Moses model and conducted an empirical analysis using China's multi-regional input-output tables for 1997, 2002, and 2007. The results indicated that China's national exports make significantly different contributions to the provincial economy in various regions, with the greatest contribution being observed in the eastern region and the smallest in the central region. The provinces are also subjected to significantly different export spillover effects. The boosting effect for the eastern provinces is primarily generated from local exports, whereas the western provinces primarily benefit from the export spillover effect from the eastern provinces. The eastern provinces, such as Guangdong, Zhejiang, Jiangsu, and Shanghai, are the primary sources of export spillover effects, and Guangdong is the largest source of export spillover effects for almost all of the provinces in China.

Impacts of extratropical storm tracks on Arctic sea ice export through Fram Strait

Science.gov (United States)

Wei, Jianfen; Zhang, Xiangdong; Wang, Zhaomin

2018-05-01

Studies have indicated regime shifts in atmospheric circulation, and associated changes in extratropical storm tracks and Arctic storm activity, in particular on the North Atlantic side of the Arctic Ocean. To improve understanding of changes in Arctic sea ice mass balance, we examined the impacts of the changed storm tracks and cyclone activity on Arctic sea ice export through Fram Strait by using a high resolution global ocean-sea ice model, MITgcm-ECCO2. The model was forced by the Japanese 25-year Reanalysis (JRA-25) dataset. The results show that storm-induced strong northerly wind stress can cause simultaneous response of daily sea ice export and, in turn, exert cumulative effects on interannual variability and long-term changes of sea ice export. Further analysis indicates that storm impact on sea ice export is spatially dependent. The storms occurring southeast of Fram Strait exhibit the largest impacts. The weakened intensity of winter (in this study winter is defined as October-March and summer as April-September) storms in this region after 1994/95 could be responsible for the decrease of total winter sea ice export during the same time period.

Organizing export strategies.

OpenAIRE

G. Lojacono; M. Venzin

2014-01-01

The article unfolds as follows: after a brief introduction on the relevance of international trade and the characteristics of export strategies, we describe four distinct archetypes: export manager, centralistic export developer, export skimmer, integrated export developer.

Reasons for decision in the matter of Altresco Pittsfield L.P., Crestar Energy, Enron Capital and Trade Resources Corp. applications pursuant to Part VI of the National Energy Board Act of Licences to Export Natural Gas and, Husky Oil Operations Ltd., application pursuant to section 32 of the National Energy Board Act to amend a Licence to Export Natural Gas. Vol. 1

International Nuclear Information System (INIS)

1996-01-01

Basis for the National Energy Board's decisions in four gas export applications were presented. Gas export applications were discussed in general terms, followed by a review of each of the four applications. (Altreso Pittsfield L.P., Crestar Energy, Enron Capital and Trade Resources Corp., and Husky Oil Operations Ltd). The reviews took into account the current gas supply, transportation, markets, gas sales contracts, and the status of regulatory authorizations. All four applications were approved. The terms and conditions of the licences to be issued were reproduced in Appendix 1. 1 tab

'Cold reality in the land of fire': The interrelations of Azerbaijan's natural gas export and foreign policy

Science.gov (United States)

Marosvari, Csaba

Azerbaijan, a landlocked post-Soviet country since its independence has been trying to utilize its energy resources in its foreign policy. With production-sharing agreements with Western oil companies beginning with the 1994 signing of the "Contract of the Century" and the construction of the Baku-Tbilisi-Ceyhan oil pipeline Azerbaijan successfully opened up its energy sector for foreign investment and used pipelines to stabilize its economy and underpin its foreign policy. The discovery of the Shah Deniz gas field opened up new opportunities for Baku to buttress its foreign policy goals with the export of natural gas. In this Master's thesis I will evaluate and show the importance and significance of natural gas export in Azerbaijani foreign policy.

THE RISE AND DECLINE OF RENT-SEEKING ACTIVITY IN THE BRAZILIAN COFFEE SECTOR: LESSONS FROM THE IMPOSITION AND REMOVAL OF COFFEE EXPORT QUOTAS

OpenAIRE

Jarvis, Lovell S.

2004-01-01

Brazil, the world's largest coffee exporter, encouraged efforts in the 1960s to form the International Coffee Agreement (ICA), which restricted total coffee exports via country export quotas. The quotas led to significant domestic quota rents in producing countries. This paper analyzes the effects of rent seeking in Brazil. The Brazilian Institute of Coffee (IBC), which was responsible for coffee policy, was the focus of rent seeking. The paper models the policy instruments used by the IB...

The influence of South Korean energy policy on OPEC oil exports

International Nuclear Information System (INIS)

Almansoori, Ali

2014-01-01

South Korea is the fifth top oil importer worldwide with 64% of its oil coming from OPEC member countries. Over the last 30 years, South Korea accounted for a rapid increase in energy use. This in turn led South Korea to be totally dependent on oil imports. Due to this increase, South Korea has been experiencing drastic changes in its energy system which could potentially impact its dependence on OPEC oil import. External and internal factors have forced South Korea to change its energy strategy and targets. These targets would be achieved by reducing its energy intensity and utilizing electricity and renewable energies in order to reduce its dependence on oil consumption. “Low Carbon, Green Growth” is one policy along with many other energy policies developed by South Korea for reducing greenhouse gases, thus this policy is receiving a remarkable attention today. These national policies along with other international ones are needed to mitigate greenhouse gas emissions and promote other green initiatives. This study puts emphasis on these policies as well as uses them to predict the future energy profile of South Korea and how these policies will impact on oil imports from OPEC member countries. - Highlights: • Analyze energy policy of South Korea and its energy profiles. • Study the factors that affect South Korea to change its energy strategy and targets. • Analyze the implications of South Korean energy policy on oil imports from OPEC. • South Korea will continue importing oil from OPEC countries for the next decade

Export spillovers

DEFF Research Database (Denmark)

Choquette, Eliane; Meinen, Philipp

2015-01-01

This paper studies the importance of export spillovers in a firm's decision to enter specific export markets and extends the current state of the literature by assessing different mechanisms through which they may occur, namely (i) labour movement, (ii) intra-industry spillovers and (iii) inter......-industry linkages. We do so by exploiting a unique data set covering the universe of manufacturing firms in Denmark for the period 1995–2006 which combines transaction-level export data, firm accounting data, employer–employee linked data and information from yearly input–output tables. We corroborate...... the literature on export spillovers by presenting robust evidence of destination-specific export spillovers. The results suggest that labour mobility as well as intra- and inter-industry linkages (backward linkages) are important channels for export spillovers, while presenting heterogeneous effects across firms...

Design of governmental policies for oil production rates and oil income spending. A long-term perspective. [Norway

Energy Technology Data Exchange (ETDEWEB)

Moxnes, E

1982-09-01

In 1980, oil production in Norway amounted to 1 million barrels per day. Taxes and royalties to the government from this production provides 9 per cent of the GNP. With current estimates of recoverable reserves, the 1980 production rate would last for 100 years. Decisions about oil production rates and oil income spending have tremendous impact on society. Attemps to design an appropriate oil policy are complicated by uncertainty about total reserves, future oil prices and complex economic responses to production and income. This report provides and integrating framework to aid government officials in their evaluation of policy options. A system dynamics model of the Norwegian national economy is developed for the analysis. The model determines endogenously the spending of oil income, GNP, consumption and investments, imports and exports, unemployment and labor migration from exporting industries to service industries; all variables result from exogenous decisions about oil production. Though the model is based on behavioral theory of economic decision making at the microeconomic level, it reproduces well major behavior modes of macroeconomic indicators from the 1970s. The most attractive oil policy has been found to be a dynamic and firm ceiling on spending. Dynamic means that growth in spending should be limited, spending should not increase unless the economy is appropriately buffered against oil price drops by foreign savings and spending should never exceed a maximum ceiling set to ensure a desirabel distribution of benefits and problems over time. Firm means that the ceiling cannot be changed by Parliament within an election period. If a firm ceiling on spending is politically infeasible, oil production should be kept lower than otherwise.

Effects of Anthropogenic Nitrogen Loading on Riverine Nitrogen Export in the Northeastern USA

Science.gov (United States)

Boyer, E. W.; Goodale, C. L.; Howarth, R. W.

2001-05-01

Human activities have greatly altered the nitrogen (N) cycle, accelerating the rate of N fixation in landscapes and delivery of N to water bodies. To examine the effects of anthropogenic N inputs on riverine N export, we quantified N inputs and riverine N loss for 16 catchments along a latitudinal profile from Maine to Virginia, which encompass a range of climatic variability and are major drainages to the coast of the North Atlantic Ocean. We quantified inputs of N to each catchment: atmospheric deposition, fertilizer application, agricultural and forest biological N fixation, and the net import of N in food and feed. We compared these inputs with N losses from the system in riverine export. The importance of the relative sources varies widely by watershed and is related to land use. Atmospheric deposition was the largest source (>60%) to the forested catchments of northern New England (e.g., Penobscot and Kennebec); import of N in food was the largest source of N to the more populated regions of southern New England (e.g., Charles and Blackstone); and agricultural inputs were the dominant N sources in the Mid-Atlantic region (e.g., Schuylkill and Potomac). Total N inputs to each catchment increased with percent cover in agriculture and urban land, and decreased with percent forest. Over the combined area of the catchments, net atmospheric deposition was the largest single source input (34%), followed by imports of N in food and feed (24%), fixation in agricultural lands (21%), fertilizer use (15%), and fixation in forests (6%). Riverine export of N is well correlated with N inputs, but it accounts for only a fraction (28%) of the total N inputs. This work provides an understanding of the sources of N in landscapes, and highlights how human activities impact N cycling in the northeast region.

The Separation of Southern Sudan: A Possible American Response

Science.gov (United States)

2011-03-11

sorghum, sesame seeds, gum arabic, sugarcane, millet, livestock Industry Motor vehicle assembly, cement, cotton, edible oils and sugar refining Exports... industry . Presently, it is Sudan’s largest oil consumer, and it maintains a 47% interest in Sudan’s two biggest oil consortiums.32 Because China has...92.81 billion; $2,300 per capita Resources Oil , natural gas, gold, iron ore, copper, and other industrial metals Agriculture Cotton, peanuts

Oil cartel and international financial stability

Energy Technology Data Exchange (ETDEWEB)

McKenzie, G

1976-06-01

For many years there has existed a debate among economists as to whether the problems of unemployment, inflation, and international economic adjustment are largely financial in nature or whether they are ''real''; i.e., arising from dislocations in commodity and labor markets. The correct position is that they are a bit of both. This is the viewpoint that provides the background for this paper, which examines the consequences of the recent petroleum price increases imposed by the major oil-exporting countries. On the one hand, the ''real'' implications are fairly obvious. First, petroleum products are used either directly or as fuels in virtually every commodity-production process. Higher input costs are therefore bound to lead to increased prices for most other commodities. Second, higher petroleum prices will lead (and are leading) to the use and/or search for viable substitutes. However, there have been several important financial implications as well. First, there has been a dramatic change in the pattern of domestic and international financial flows resulting from the rapid accumulation of new wealth by the oil-exporting countries. Second, there has been an important change in the nature of these flows with significant implications for the stability of domestic commodity and foreign exchange markets. This paper emphasizes the interaction of ''real'' and financial variables that has taken place as a result of the actions of the oil exporters.

The optimal currency-peg for an oil exporting country: The case of Saudi Arabia

International Nuclear Information System (INIS)

Almasbahi, M.S.

1990-01-01

In a world of generalized floating exchange rates, it is not enough to solve the problem of exchange rate policy by determining whether to peg or float the currency under consideration. It is also necessary to choose to what major currency to peg. The main purpose of this study is to investigate and determine empirically the optimum currency peg for the Saudi riyal. To accomplish this goal, a simple conventional trade model, that includes variables found in many other studies of import and export demand, was used. In addition, an exchange rate term was added as a separate independent variable in the import and export demand equations in order to assess the effect of exchange rate on the trade flows. The criteria for the optimal currency peg in this study were based on two factors. First, the error statistics for projected imports and exports using alternative exchange rate regimes. Second, variances of projected imports, exports and trade balance using alternative exchange rate regimes. The exchange rate has a significant impact on the Saudia Arabian trade flows which implies that changes in the riyals value affect the Saudi trade deficit. Moreover, the exchange rate has a more powerful effect on its aggregate imports than on the world demand for its exports. There is also a strong support for the hypothesis that the exchange rate affects the value of the Saudi bilateral trade with its five major trade partners. On the aggregate level, the SDR peg seems to be the best currency peg for the Saudi riyal since it provides the best prediction errors and the lowest variance for the trade balance. Finally, on the disaggregate level, the US dollar provides the best performance and yields the best results among all the six currency pegs considered in this study

How Unilever palm oil suppliers are burning up Borneo

Energy Technology Data Exchange (ETDEWEB)

NONE

2008-04-15

New evidence shows expansion by Unilever palm oil suppliers is driving species extinction in Central Kalimantan, and fuelling climate change. In November 2007, Greenpeace released 'Cooking the Climate', an 82-page report summarizing the findings of a two-year investigation that revealed how the world's largest food, cosmetic and biofuel companies were driving the wholesale destruction of Indonesia's rainforests and peatlands through growing palm oil consumption. This follow-up report provides further evidence of the expansion of the palm oil sector in Indonesia into remaining rainforests, orang-utan habitat and peatlands in Kalimantan. It links the majority of the largest producers in Indonesia to Unilever, probably the largest palm oil corporate consumer in the world.

Sector report: Malaysia. Upstream oil and gas industry

International Nuclear Information System (INIS)

1997-01-01

This report is one of a series designed to introduce British exporters to the opportunities offered by the Malaysian market in oil and natural gas. The report includes Malaysia's oil and gas reserves, production, exploration, major profits upstream, production sharing contracts, pipeline construction, operators in production, service sector, and Petronas. (UK)

Challenges for the heavy oil exportation though pipelines in deep waters; Desafios da exportacao de oleos pesados atraves de oleodutos em aguas profundas

Energy Technology Data Exchange (ETDEWEB)

Andreolli, Ivanilto; Borges Filho, Jonas P.; Gaspari, Eduardo F. [PETROBRAS S.A., Rio de Janeiro, RJ (Brazil)

2008-07-01

Due to the high pressures, low temperatures, and high viscosities involved, the heavy oil exportation in deep waters through pipelines imposes a number of challenges to be feasible. The viscosities involved in such scenarios are usually very high, which brings most of the system to a laminar flow even for the higher flow rates. In a laminar flow the viscosity is linearly and directly related to the frictional pressure drop and so its precise determination is crucial for the correct results from simulations in transient or in steady state, including the modeling thermal. This work presents some results in steady state and transient simulations of heavy oil of deg API around 16 and pipe length of approximately 20km. For the analyses in the steady state was concluded that in low outflows the required pressures can surpass the pressures in high outflows. In the transient regimen was concluded that in case of long stop, the return to the full outflow surpasses 6 days and the replacement of the fluids from the pipe by diesel is a solution to reduce significantly this time. (author)

The richness of discovery : Amoco's first fifty years in Canada (1948-1998)

International Nuclear Information System (INIS)

McKenzie-Brown, P.

1998-01-01

A review of Amoco's first fifty years of operations in Canada, including investments, discoveries, and policies was presented. While no claim is made for this attractively produced slim volume to be a definitive history, it does manage to shed light on some of the great achievements and outstanding deeds of the people behind the company. The book provides a glimpse into how Amoco contributed to the growth of the Canadian petroleum industry in diverse areas including the manufacturing sector, the petroleum service sector, oil field technology, oil field infrastructure and petrochemical development. The company enjoyed spectacular success during the 1950s and 1960s. As evidence of that success, in 1997 Amoco Canada was the largest Canadian producer and exporter of natural gas and NGLs, the largest cold producer of heavy oil, the second largest in situ producer of heavy oil, and one of the 10 largest producers of conventional oil. refs., tabs., figs

Big questions cloud Iraq's future role in world oil market

International Nuclear Information System (INIS)

Tippee, B.

1992-01-01

This paper reports that Iraq raises questions for the world oil market beyond those frequently asked about when and under what circumstances it will resume exports. Two wars since 1981 have obscured encouraging results from a 20 year exploration program that were only beginning to come to light when Iraq invaded Kuwait in August 1990. Those results indicate the country might someday be able to produce much more than the 3.2 million b/d it was flowing before a United Nations embargo blocked exports. If exploratory potential is anywhere near what officials asserted in the late 1980s, and if Iraq eventually turns hospitable to international capital, the country could become a world class opportunity for oil companies as well as an exporter with productive capacity approaching that of Saudi Arabia. But political conditions can change quickly. Under a new, secular regime, Iraq might welcome non-Iraqi oil companies and capital as essential to economic recovery. It's a prospect that warrants a new industry look at what the country has revealed about its geology and exploration history

Oil Prices, Credit Risks in Banking Systems, and Macro-Financial Linkages across GCC Oil Exporters

Directory of Open Access Journals (Sweden)

Saleh Alodayni

2016-11-01

Full Text Available This paper assesses the effect of the recent 2014–2015 oil price slump on the financial stability in the Gulf Cooperation Council (GCC region. The first objective of this paper is to assess how oil price shock propagates within the macroeconomy and how the macro shocks transmit to GCC banks’ balance sheets. This part of the paper implements a System Generalized Method of Moments (GMM and a Panel Fixed Effect Model to estimate the response of nonperforming loans (NPLs to its macroeconomic determinants. The second objective of this paper is to assess any negative feedback effects between the GCC banking systems and the economy. The paper, therefore, implements a Panel VAR model to explore the macro-financial linkages between GCC banking systems and the real economy. The results indicate that oil price, non-oil GDP, interest rate, stock prices, and housing prices are major determinants of NPLs across GCC banks and the overall financial stability in the region. Credit risk shock tends to propagate disturbances to non-oil GDP, credit growth, and stock prices across GCC economies. A higher level of NPLs restricts banks’ credit growth and can dampen economic growth in these economies. The results support the notion that disturbances in banking systems lead to unwanted economic consequences for the real sector.

Identification of global oil trade patterns: An empirical research based on complex network theory

International Nuclear Information System (INIS)

Ji, Qiang; Zhang, Hai-Ying; Fan, Ying

2014-01-01

Highlights: • A global oil trade core network is analyzed using complex network theory. • The global oil export core network displays a scale-free behaviour. • The current global oil trade network can be divided into three trading blocs. • The global oil trade network presents a ‘robust and yet fragile’ characteristic. - Abstract: The Global oil trade pattern becomes increasingly complex, which has become one of the most important factors affecting every country’s energy strategy and economic development. In this paper, a global oil trade core network is constructed to analyze the overall features, regional characteristics and stability of the oil trade using complex network theory. The results indicate that the global oil export core network displays a scale-free behaviour, in which the trade position of nodes presents obvious heterogeneity and the ‘hub nodes’ play a ‘bridge’ role in the formation process of the trade network. The current global oil trade network can be divided into three trading blocs, including the ‘South America-West Africa-North America’ trading bloc, the ‘Middle East–Asian–Pacific region’ trading bloc, and ‘the former Soviet Union–North Africa–Europe’ trading bloc. Geopolitics and diplomatic relations are the two main reasons for this regional oil trade structure. Moreover, the global oil trade network presents a ‘robust but yet fragile’ characteristic, and the impacts of trade interruption always tend to spread throughout the whole network even if the occurrence of export disruptions is localised

Význam ropy pre ekonomiku Venezuely a pre jej zapojenie do medzinárodného obchodu

OpenAIRE

Tkáčová, Petra

2014-01-01

In the early 20th century, coal was replaced with petroleum, which turned into new source of world energy, and suddenly became a strategic resource with considerable influence at the international level. Bolivarian Republic of Venezuela is the major oil and gas actor in the world and its decisions about raw materials have a worldwide influence. It is the fifth-largest exporter and eighth oil producer in the world. Venezuela owns the largest hydrocarbon reserves in the Western Hemisphere, spec...

A Survey on the Usage of Biomass Wastes from Palm Oil Mills on Sustainable Development of Oil Palm Plantations in Sarawak

Science.gov (United States)

Phang, K. Y.; Lau, S. W.

2017-06-01

As one of the world’s largest palm oil producers and exporters, Malaysia is committed to sustainable management of this industry to address the emerging environmental challenges. This descriptive study aims to evaluate the oil palm planters’ opinions regarding the usage of biomass wastes from palm oil mills and its impact on sustainable development of oil palm plantations in Sarawak. 253 planters across Sarawak were approached for their opinions about the usage of empty fruit bunch (EFB), palm oil mill effluent (POME), mesocarp fibre (MF), and palm kernel shell (PKS). This study revealed that the planters had generally higher agreement on the beneficial application of EFB and POME in oil palm plantations. This could be seen from the higher means of agreement rating of 3.64 - 4.22 for EFB and POME, compared with the rating of 3.19 - 3.41 for MF and PKS in the 5-point Likert scale (with 5 being the strongest agreement). Besides, 94.7 percent of the planters’ companies were found to comply with the Environmental Impact Assessment (EIA) requirements where nearly 38 percent carried out the EIA practice twice a year. Therefore high means of agreement were correlated to the compliance of environmental regulations, recording a Likert rating of 3.89 to 4.31. Lastly, the usage of EFB and POME also gained higher Likert scale point of 3.76 to 4.17 against MF and PKS of 3.34 to 3.49 in the evaluation of the impact of sustainability in oil palm plantations. The planters agreed that the usage of EFB and POME has reduced the environmental impact and improved the sustainable development, and its application has been improved and increased by research and development. However the planters were uncertain of the impact of usage of biomass wastes with respect to the contribution to social responsibility and company image in terms of transparency in waste management.

Analysis of Saudi Arabia's behavior within OPEC and the world oil market

International Nuclear Information System (INIS)

Alkhathlan, Khalid; Gately, Dermot; Javid, Muhammad

2014-01-01

We analyze oil export behavior by Saudi Arabia and the Rest of OPEC since 1973. In the literature there has been a wide range of estimates of their correlation: from positive, to zero, to negative. We find that the correlation has varied over time, from moderately high (0.7) in normal periods, to negative during each of five interruptions; the average correlation has been 0.19. Saudi Arabia's oil market behavior depends upon circumstances, but its primary goal is the stability of OPEC and the world oil market. It will coordinate export reductions with the Rest of OPEC when faced with declining demand, but it will increase exports when faced with interruptions elsewhere in OPEC. Allowing for such differences provides evidence of intelligent, context-dependent consistency. But ignoring context – by wrongly assuming the same Saudi response in Normal periods and Interruptions – can lead to a conclusion of Saudi “inconsistency” because the difference in the responses has been obscured

[Imperial Oil's Cold Lake oil sands operations

International Nuclear Information System (INIS)

Dingle, H. B.

1999-01-01

Imperial Oil Limited's Cold Lake oil sands resources, production and operations in Alberta are discussed. Cold Lake is the company's largest single asset and its largest source of crude oil production. In 1998, Cold Lake accounted for just under half of Imperial's total liquid production, averaging more than 135,000 barrels of bitumen a day. Despite the very difficult operating conditions experienced by the oil sands industry in 1998, Imperial Oil's Cold Lake operations generated a positive cash flow and earnings. Just as important, the near and long-term potential of Cold Lake property continues to be strong, even with the tough market conditions today and the foreseeable future. Proved reserves at the end of 1997 were 1.3 billions barrels, equal to about 24 years of current production, but even more important is Imperial's resource base in the Athabasca region, which represents 150 years of production at current rates. Although production forecasts for the near future are are revised downward because of production shut-in due to low prices, the company is confident of its long-term prospects mainly because of existing infrastructure, superior reservoir quality, 30 years worth of operating improvements and established bitumen-blend markets. Details of the company's future Cold Lake development plans are discussed. The need to continue technology development, which has been at the core of the industry's growth in the past and will continue to be the key to the future, are emphasized

Global market trade policy analysis for petroleum oils and oils obtained from bituminous minerals, crude

Directory of Open Access Journals (Sweden)

Bagheri, F.

2012-01-01

Full Text Available This article is based on surveying the custom tariffs imposed on the world export market of Petroleum Oils and Oils Obtained from Bituminous Minerals, Crude. We obtained the data according to the most updated available data provided online by UNCTAD and World Bank. The results indicate that none of the 142 countries in the world market of this product have imposed non-tariff trade barriers on the import of Petroleum Oils and Oils Obtained from Bituminous Minerals, Crude. The developed countries and the countries with transition economies are the main world import partners. European Union, United States, China, Japan, South Korea, Canada, Singapore, Taiwan, Thailand, South Africa, Australia, Turkey, Brazil, Sweden and Belarus are the examples and have imposed low custom tariffs on Petroleum Oils and Oils Obtained from Bituminous Minerals, Crude.

Protein export through the bacterial flagellar type III export pathway.

Science.gov (United States)

Minamino, Tohru

2014-08-01

For construction of the bacterial flagellum, which is responsible for bacterial motility, the flagellar type III export apparatus utilizes both ATP and proton motive force across the cytoplasmic membrane and exports flagellar proteins from the cytoplasm to the distal end of the nascent structure. The export apparatus consists of a membrane-embedded export gate made of FlhA, FlhB, FliO, FliP, FliQ, and FliR and a water-soluble ATPase ring complex consisting of FliH, FliI, and FliJ. FlgN, FliS, and FliT act as substrate-specific chaperones that do not only protect their cognate substrates from degradation and aggregation in the cytoplasm but also efficiently transfer the substrates to the export apparatus. The ATPase ring complex facilitates the initial entry of the substrates into the narrow pore of the export gate. The export gate by itself is a proton-protein antiporter that uses the two components of proton motive force, the electric potential difference and the proton concentration difference, for different steps of the export process. A specific interaction of FlhA with FliJ located in the center of the ATPase ring complex allows the export gate to efficiently use proton motive force to drive protein export. The ATPase ring complex couples ATP binding and hydrolysis to its assembly-disassembly cycle for rapid and efficient protein export cycle. This article is part of a Special Issue entitled: Protein trafficking and secretion in bacteria. Guest Editors: Anastassios Economou and Ross Dalbey. © 2013 Elsevier B.V. All rights reserved.

The Effect of Export Tax on Indonesia’s Cocoa Export Competitiveness

OpenAIRE

Rifin, Amzul; Nauly, Dahlia

2013-01-01

The government of Indonesia implemented an export tax policy on cocoa beans since April 2010 in order to develop cocoa processing industry. The objective of this article is to analyze the effect of export tax on Indonesia’s cocoa export competitiveness. The results indicate that with the implementation of export tax, cocoa export product composition shift from cocoa beans to processed cocoa products. On the other hand, Indonesia’s cocoa export growth is lower than the growth of cocoa world de...

DEMAND FOR OIL PRODUCTS IN OPEC COUNTRIES: A PANEL COINTEGRATION ANALYSIS

Directory of Open Access Journals (Sweden)

Nourah Al Yousef

2013-01-01

Full Text Available The increasing consumption of oil-refined products on OPEC countries will have its impact on the availability of oil exports. The goal of this paper is to examine the determinants of oil refined products’ consumption for a panel consisting of 7 OPEC countries, namely, Algeria, Kuwait, Libya, Qatar, Saudi Arabia, United Emirates and Iran for the period of 1980–2010, by employing the recently developed panel data unit root tests and panel data cointegration techniques. Furthermore, conditional on finding cointegration, the paper extends the literature by employing the Pedroni Panel Fully Modified Ordinary Least Squares (FMOLS Dynamic OLS (DOLS procedure to generate. The study estimates the demand for Gasoline, Kerosene and Diesel. An attempt is also made to assess the impact of this demand on the future availability of OPEC oil exports.

Consuming the world's energy: Update series. Energy efficiency trends in oil countries

International Nuclear Information System (INIS)

Anon.

1992-01-01

This issue of Energy Detente addresses energy efficiency in selected oil producing countries over time and compare the varying effects of important crude oil price changes. As economies around the world heighten their benefits from conservation and efficient use of energy, oil producers will be crucial examples not only for their own sakes, but for consuming countries dependent upon their exports. In this sense, their potential for leadership and vision seems greater than ever. Specifically, 6 oil-exporting countries are featured: Australia, Kuwait, Indonesia, Nigeria, the United Kingdom, and Venezuela. This issue also presents the following: (1) the ED Refining Netback Data Series for the US Gulf and West Coasts, Rotterdam, and Singapore as of February 21, 1992; and (2) the ED Fuel Price/Tax Series for countries of the Eastern Hemisphere, February, 1992 edition

The role of Canadian heavy crude oil in the North American market

Energy Technology Data Exchange (ETDEWEB)

Mink, F J; Antonia, H A

1977-01-01

Canadian reserves of heavy gravity crude oil are vast and the potential producibility from those reserves is expected to be surplus to Canadian requirements into the 1990s. This study focuses on the impact that market constraints may have on the future supply of heavy gravity crude oils from the W. Canadian basin. It observes that severe export restrictions will not only limit the orderly development of available reserves in the area but also will impair the prospects of additional enhanced recovery of conventional heavy crude reserves and restrict future experimental applications of oil sands recovery in the Cold Lake deposit of Alberta. Since it is expected that export restrictions for heavy gravity crude oil will be lifted in the future, the outlook for expanded development of indigenous reserves is promising.

Injury Rates on New and Old Technology Oil and Gas Rigs Operated by the Largest United States Onshore Drilling Contractor

Science.gov (United States)

Blackley, David J.; Retzer, Kyla D.; Hubler, Warren G.; Hill, Ryan D.; Laney, A. Scott

2015-01-01

Background Occupational fatality rates among oil and gas extraction industry and specifically among drilling contractor workers are high compared to the U.S. all-industry average. There is scant literature focused on non-fatal injuries among drilling contractors, some of which have introduced engineering controls to improve rig efficiency and reduce injury risk. Methods We compared injury rates on new and old technology rigs operated by the largest U.S. drilling contractor during 2003–2012, stratifying by job type and grouping outcomes by injury severity and body part affected. Results Six hundred seventy-one injuries were recorded over 77.4 million person-hours. The rate on new rigs was 66% of that on old rigs. Roughnecks had lower injury rates on new rigs, largely through reduced limb injury rates. New rigs had lower rates in each non-fatal injury severity category. Conclusions For this company, new technology rigs appear to provide a safer environment for roughnecks. Future studies could include data from additional companies. PMID:25164118

Injury rates on new and old technology oil and gas rigs operated by the largest United States onshore drilling contractor.

Science.gov (United States)

Blackley, David J; Retzer, Kyla D; Hubler, Warren G; Hill, Ryan D; Laney, A Scott

2014-10-01

Occupational fatality rates among oil and gas extraction industry and specifically among drilling contractor workers are high compared to the U.S. all-industry average. There is scant literature focused on non-fatal injuries among drilling contractors, some of which have introduced engineering controls to improve rig efficiency and reduce injury risk. We compared injury rates on new and old technology rigs operated by the largest U.S. drilling contractor during 2003-2012, stratifying by job type and grouping outcomes by injury severity and body part affected. Six hundred seventy-one injuries were recorded over 77.4 million person-hours. The rate on new rigs was 66% of that on old rigs. Roughnecks had lower injury rates on new rigs, largely through reduced limb injury rates. New rigs had lower rates in each non-fatal injury severity category. For this company, new technology rigs appear to provide a safer environment for roughnecks. Future studies could include data from additional companies. © 2014 Wiley Periodicals, Inc.

Gas-export potential will grow until domestic economies hike local demand

International Nuclear Information System (INIS)

Carson, M.; Stram, B.

1993-01-01

Prospects appear good for near-term growth of exportable natural-gas supplies for some member countries of the Commonwealth of Independent States (C.I.S.). These conclusions are a result of Enron Corp.'s recent investigations in the C.I.S. and other former Soviet republics. They are based on data obtained in cooperation with Vinigaz, the research arm of the Russian state gas concern Gazprom, and from various other research and consulting groups. These studies indicate that gas-export potential will grow as local demand for gas shrinks in the C.I.S. (as the energy needs of the individual republics decline during the period of economic transition) and while the C.I.S.-area countries continue to require foreign currency to help fund redevelopment and reduce debt. This concluding of two articles reviews the economic outlook for outside investment in the oil, gas, and gas-liquids infrastructure and the role of natural-gas supply and price in the development of domestic and export markets

Oil price fluctuations and U.S. dollar exchange rates

International Nuclear Information System (INIS)

Lizardo, Radhames A.; Mollick, Andre V.

2010-01-01

Adding oil prices to the monetary model of exchange rates, we find that oil prices significantly explain movements in the value of the U.S. dollar (USD) against major currencies from the 1970s to 2008. Our long-run and forecasting results are remarkably consistent with an oil-exchange rate relationship. Increases in real oil prices lead to a significant depreciation of the USD against net oil exporter currencies, such as Canada, Mexico, and Russia. On the other hand, the currencies of oil importers, such as Japan, depreciate relative to the USD when the real oil price goes up. (author)

COMPETITIVENESS OF THE PRODUCTS AND ITS IMPACT ON THE STRUCTURE OF EXPORTS - THE CASE OF ROMANIA

Directory of Open Access Journals (Sweden)

TRIPA Simona

2016-05-01

Full Text Available The paper analyse the evolution of the competitive advantages of the main products exported by Romania in the 2000-2014 period and the connection between this evolution and the current structure of Romanian exports. In the first part we calculated the Revealed Comparative Advantage Index (RCA of Balassa, index for main groups of products exported by Romania the period 1990 to 2014 and we analysed the competitive advantage evolution. In the second part we presented the evolution of the structure of Romanian exports in 2010-2014 and we noticed that the recorded changes in structure of Romanian exports is in close correlation with the changing competitiveness of products exported by Romania. In this sense one of the most significant examples is given by the evolution recorded in exports of machinery and transport equipment that not only was raised every year but the sector succeeded and currently holds a competitive advantage in the market of these products - a market where it is knows is stiff competition. Although garment exports have recorded during the analyzed period the largest decrease, the advantages of the Romanian garment industry - labor force highly qualified endowing companies with machinery efficient, product quality achieved, flexibility and quick response to orders but also geographical position the country - still cause this sector recording still comparative advantages though its values are declining during the whole period analyzed.

Three-Dimensional Mapping of mRNA Export through the Nuclear Pore Complex

Directory of Open Access Journals (Sweden)

Steven J. Schnell

2014-11-01

Full Text Available The locations of transcription and translation of mRNA in eukaryotic cells are spatially separated by the nuclear envelope (NE. Plenty of nuclear pore complexes (NPCs embedded in the NE function as the major gateway for the export of transcribed mRNAs from the nucleus to the cytoplasm. Whereas the NPC, perhaps one of the largest protein complexes, provides a relatively large channel for macromolecules to selectively pass through it in inherently three-dimensional (3D movements, this channel is nonetheless below the diffraction limit of conventional light microscopy. A full understanding of the mRNA export mechanism urgently requires real-time mapping of the 3D dynamics of mRNA in the NPC of live cells with innovative imaging techniques breaking the diffraction limit of conventional light microscopy. Recently, super-resolution fluorescence microscopy and single-particle tracking (SPT techniques have been applied to the study of nuclear export of mRNA in live cells. In this review, we emphasize the necessity of 3D mapping techniques in the study of mRNA export, briefly summarize the feasibility of current 3D imaging approaches, and highlight the new features of mRNA nuclear export elucidated with a newly developed 3D imaging approach combining SPT-based super-resolution imaging and 2D-to-3D deconvolution algorithms.

The impact of export performance resources of companies belonging to clusters: a study in the French winery industry

Directory of Open Access Journals (Sweden)

Aurora Carneiro Zen

2014-12-01

Full Text Available The purpose of this paper was to analyze the impact of resources on export performance of clustered companies. We argue that the insertion in clusters provides access to resources that influence the internationalization process of firms. We conducted a survey in the French wine industry, the main consumer market in volume and second largest producer of wine in the world. The population of the study includes exporting French wineries, located in clusters. The sample consists of 130 French wine exporters, located in different wine clusters. In short, the results indicated that access to cluster’s resources has a positive impact on the process of internationalization and export performance of companies. One managerial implication of the research is the importance of commercial resources. The firms with higher export performance attributed greater importance to their commercial resources. Further studies may measure the utilization of resources in the internationalization strategy, and compare the importance and the use of resources in accordance with the level of export performance of companies.

How crude oil consumption impacts on economic growth of Sub-Saharan Africa?

International Nuclear Information System (INIS)

Bashiri Behmiri, Niaz; Pires Manso, José R.

2013-01-01

This study investigates the causality relationship between crude oil consumption and economic growth in twenty three Sub-Saharan African countries. We applied a multivariate panel Granger causality framework during 1985–2011 and we included crude oil price as the control variable of the model. The results indicate that in the short-run, there is a bi-directional causality relationship between crude oil consumption and economic growth in oil importing region and there is a uni-directional causality relationship from crude oil consumption to GDP in oil exporting region. However, in the long-run there is a bi-directional causality relationship between them in both regions. Therefore, reducing crude oil consumption without employing appropriate policies adversely impacts on economic growth of Sub-Saharan Africa. Hence, in order to reduce crude oil dependency of the region policymakers should pay more attention to the issue of energy efficiency programs. - Highlights: ► We examined Granger causality among oil consumption and GDP in Sub-Saharan Africa. ► Crude oil price is the control variable of the model. ► There is short run bi-directional causality among oil and GDP (oil importing). ► There is short run uni-directional causality from oil to GDP (oil exporting). ► There is a long run bi-directional causality among oil and GDP in both regions

IMAA (Integrated Measurements of Aerosol in Agri valley) campaign: Multi-instrumental observations at the largest European oil/gas pre-treatment plant area

Science.gov (United States)

Calvello, Mariarosaria; Caggiano, Rosa; Esposito, Francesco; Lettino, Antonio; Sabia, Serena; Summa, Vito; Pavese, Giulia

2017-11-01

A short-term intensive multi-instrumental measurement campaign (Integrated Measurements of Aerosol in Agri valley - IMAA) was carried out near the largest European oil and gas pre-treatment plant (Centro Olio Val d'Agri - COVA) in a populated area, where, so far, ample characterization of aerosol loading is missing. As such, between the 2 and 17 July in 2013, using a number of instruments analyses were carried out on physical, chemical, morphological and optical properties of aerosol at this distinctive site, at both ground and over the atmospheric column, including the investigation of the mixing and transformation of particles. The observation of slag silicates with a rough surface texture is consistent with the presence of oil-related activities which represent the only industrial activity in the area. Desulfurization/sulfur liquefaction processes occurring at COVA can explain the peculiar morphology of calcium-sodium-aluminum particles. The common COVA source was associated with high concentrations of sulfur, nickel and zinc, and with significant correlations between zinc-sulfur and zinc-nickel. The Optical Particle Sizer (OPS) data, hygroscopicity and optical properties of atmospheric aerosol are consistent with the typical oil-derived gaseous emissions (e.g. sulfur dioxide and methane) that strongly influence the mixing state of particles and their size distributions. Continuous combustion processes at COVA were found to be responsible for Equivalent Black Carbon (EBC) concentrations from their relevant contribution to the total number of fine particles. The expected significant contribution of WS (water soluble) and BC (Black Carbon) components to the total Aerosol Optical Depth (AOD) are consistent with the results from the radiometric model especially for July 3 and 16.

Achieving 80% greenhouse gas reduction target in Saudi Arabia under low and medium oil prices

International Nuclear Information System (INIS)

Alshammari, Yousef M.; Sarathy, S. Mani

2017-01-01

COP 21 led to a global agreement to limit the earth's rising temperature to less than 2 °C. This will require countries to act upon climate change and achieve a significant reduction in their greenhouse gas emissions which will play a pivotal role in shaping future energy systems. Saudi Arabia is the World's largest exporter of crude oil, and the 11th largest CO_2 emitter. Understanding the Kingdom's role in global greenhouse gas reduction is critical in shaping the future of fossil fuels. Hence, this work presents an optimisation study to understand how Saudi Arabia can meet the CO_2 reduction targets to achieve the 80% reduction in the power generation sector. It is found that the implementation of energy efficiency measures is necessary to enable meeting the 80% target, and it would also lower costs of transition to low carbon energy system while maintaining cleaner use of hydrocarbons with CCS. Setting very deep GHG reduction targets may be economically uncompetitive in consideration of the energy supply requirements. In addition, we determine the breakeven price of crude oil needed to make CCS economically viable. Results show important dimension for pricing CO_2 and the role of CCS compared with alternative sources of energy. - Highlights: • Energy efficiency measures are needed to achieve 80% reduction. • Nuclear appears as an important option to achieve deep cuts in CO_2 by 2050. • Technology improvement can enable using heavy fuel oil with CCS until 2050. • IGCC requires lower net CO_2 footprint in order to be competitive. • Nuclear power causes a sharp increase in the CO_2 avoidance costs.

Oil market strengthening in the second half of 1992

International Nuclear Information System (INIS)

Beck, R.J.

1992-01-01

This paper reports that the economy and events in the Middle East continue to drive the oil market. Saudi Arabia's decision in March to reduce crude oil output boosted prices by about $3/bbl and may have signaled a significant change in the kingdom's price strategy. With Kuwaiti production capacity still less then its levels before the Iraqi invasion of 1990, with Iraqi exports still crimped by an international embargo, and with Saudi Arabia producing less than before, the market looks tight for the rest of the year. Last year's war to liberate Kuwait temporarily eliminated much of the surplus production capacity with which the Organization of Petroleum Exporting Countries had grappled for several years. This year, oil supply and demand have stayed in rough balance, even with Kuwaiti crude returning to the market. Two prospects have made traders nervous: resumption of Iraqi exports at significant levels and deliberate Saudi overproduction aimed at suppressing prices. The Saudi production cut put one of those fears to temporary rest. And negotiations between Baghdad and the United Nations over the Iraqi embargo seem unlikely to produce results for at least a while. Demand growth, meanwhile, will depend on economic performances of key oil consuming countries. In the US, modest economic recovery has increased industrial activity and stimulated demand for petroleum products. Crude oil and product prices began rising in April. Refiner additions to crude stocks have further added to the call on shrinking crude supplies, helping to lift prices. In turn, product prices have risen. With continued economic growth, prices will climb modestly throughout the year

Oil, Gas, Coal and Electricity - Quarterly statistics. Second Quarter 2012

Energy Technology Data Exchange (ETDEWEB)

NONE

2012-07-15

This publication provides up-to-date and detailed quarterly statistics on oil, coal, natural gas and electricity for the OECD countries. Oil statistics cover production, trade, refinery intake and output, stock changes and consumption for crude oil, NGL and nine selected oil product groups. Statistics for electricity, natural gas, hard coal and brown coal show supply and trade. Import and export data are reported by origin and destination. Moreover, oil and hard coal production are reported on a worldwide basis.

State of the art in oil market in the world

International Nuclear Information System (INIS)

Banks, F. E.

2007-01-01

Things move fast in the world of oil and unfortunately many events do not always receive an appropriate interpretation. The present update reviews the on-going oil peak debate, providing evidence against unjustified optimistic propositions, discussing the predictable shortage of energy materials and its influence on prices. Moreover, the return of OPEC to the oil market drivers seat and the irruption of state oil companies from exporting countries are also commented. (Author)

RADARSAT SAR data assessment of oil lakes in the Greater Burgan Oil Field, Kuwait

International Nuclear Information System (INIS)

Kwarteng, A. Y.; Al-Ajmi, D.; Singhroy, V.; Saint-Jean, R.

1997-01-01

RADARSAT images recorded in different beam modes were processed and used to assess the oil lakes in the Burgan oil field in Kuwait created by the fire setting of oil wells by the retreating Iraqi forces in the 1990-1991 Gulf War. The images were geometrically registered to each other and used as input to a change detection program. The main interest was to map and differentiate between the oil lakes, tarmats, vegetation, buried oil lakes, and also to evaluate the usefulness of RADARSAT's beam modes in characterizing such features. Results of the RADARSAT imagery analysis were compared to similar studies using optical and SIR-C/X-SAR data. Initially, there have approximately 300 oil lakes covering an area of about 49 sq km. Twenty-one million barrels of oil were recovered and exported; about one million barrels of unrecoverable oil was left in the oil fields. Since then most of the oil has evaporated, dried up to form tarmats, or has been covered by a veneer of sand and is no longer visible on the surface

Integrated sulphur management : gas, oil sands, reclamation and the challenges of fluctuating demand

International Nuclear Information System (INIS)

Pineau, R.

2009-01-01

International Commodities Export Corporation is a privately held company that provides fully integrated service offerings to add maximum value in designing, building, owning, and operating sulphur assets. The company also offers in-house, engineering, procurement and project management, as well as supply management, transportation and distribution services. It also has expertise in marine transportation. This presentation discussed integrated sulphur management, with particular focus on gas, oil sands, reclamation and the challenges of fluctuating demand. The presentation provided an overview of the sulphur market and oil sands sulphur. Key considerations for oil sands producers were also presented. The challenges of fluctuating demand include price and volume considerations; logistics; geography and distance to market; export/offshore versus domestic/United States; seasonal considerations; and an inelastic sulphur market. The presentation concluded with a status update of ICEC's initiative and the advantages of Prince Rupert, an economically viable export infrastructure to producers without onsite forming facilities. figs

BOKO HARAM AND JIHAD IN NIGERIA

African Journals Online (AJOL)

Theo

2012-10-16

Oct 16, 2012 ... aimed at churches, mosques, banks and police stations. ..... exported to the United States, which makes Nigeria the fourth largest oil supplier to .... state structure of Nigeria and the provinces within the federal states.

Oil sands market and transportation solutions

International Nuclear Information System (INIS)

Sandahl, R.

2004-01-01

This presentation outlined the immense potential of the western Canadian oil sands reserves. Recoverable reserves have been estimated at 180 billion barrels, with production forecasts estimated at 5 million barrels per day by 2030. Resource development is occurring at a time when the world's largest oil importer is increasing supplies through concern for security of supply. The second and third largest oil importers in the world are experiencing economic and energy demand growth. These factors underscore the motivation for rapid growth of the Western Canadian Oil Sands reserves. One of the challenges that must be addressed is to ensure that incremental markets for the increased production are accessed. Another challenge is to ensure adequate infrastructure in terms of pipeline capacity to ensure deliverability of the product. tabs., figs

Mitsubishi Oil to become a major oil player?

International Nuclear Information System (INIS)

Ash, N.

1994-01-01

Mitsubishi Oil became a wholly-owned Japanese company in 1984. Before that, since 1981, it had been a joint venture between Mitsubishi and Getty oil. Recently the company has discovered a major new oilfield off the coast of Vietnam. In addition it has a strategic stake in the Canadian Athabasca Far Sands, major investments in Angola and operations in Papua New Guinea and Gabon. It aims to cover 30 % of the crude oil imports to its four existing, and fifth projected, refineries from owned sources by the end of the century. Mitsubishi has a network of 4500 service stations in Japan and has become one of the largest lubricating oil producers. The company's main overseas sales are of jet fuel, lubricating and tanker oils, sulphur and some petrochemicals. (UK)

Composition of Exports and Export Performance of Eurozone Countries

NARCIS (Netherlands)

Wierts, P.J.; Kerkhoff, H.; de Haan, J.

2014-01-01

This article investigates to what extent the composition of exports is related to the export performance of eurozone countries using a data set on exports from the oldest eurozone countries to their top 20 trade partners for the period 1988-2009. The results suggest that a higher share of high

Business cycles in oil economies

International Nuclear Information System (INIS)

Al-Mutairi, N.H.

1991-01-01

This study examines the impact of oil price shocks on output fluctuations of several oil-exporting economies. In most studies of business cycles, the role of oil price is ignored; the few studies that use oil price as one of the variables in the system focus on modeling oil-importing economies. The vector autoregression (VAR) technique is used to consider the cases of Norway, Nigeria, and Mexico. Both atheoretical and 'structural' VARs are estimated to determine the importance of oil price impulses on output variations. The study reports two types of results: variance decomposition and impulse response functions, with particular emphasis on the issues of stationarity and co-integration among the series. The empirical results suggest that shocks to oil price are important in explaining output variations. In most cases, shocks to oil price are shown to explain more than 20% of the forecast variance of output over a 40-quarter horizon

Plans for first oil production revived in two Sudanese fields

International Nuclear Information System (INIS)

Anon.

1993-01-01

A Vancouver, British Columbia, independent and its Sudanese partner have filed a development plan with the government of Sudan to produce an initial 40,000 b/d from Heglig and Unity oil fields in Sudan. Arakis Energy Corp., and the private Sudanese company State Petroleum Corp. (SPC) want to begin the first commercial hydrocarbon production in the destitute, war torn country. They are picking up where Chevron Corp. left off after years of grappling with an ambitious, costly - and ultimately futile - effort to export crude-oil from Sudan. After finding almost 300 million bbl of oil in Sudan during the early 1980s, Chevron scuttled a $2 billion project to export 50,000 b/d of Sudanese crude in 1986. It drilled 90 wells and sank more than $1 billion into the project. But it dropped the plan, citing the 1986 collapse of oil prices and concerns over security after repeated guerrilla attacks delayed work. The paper details the project

Exporting environmental products: A small business's perspective

International Nuclear Information System (INIS)

Marsh, K.

1992-01-01

If the last year and a half are any indication it would appear that the early 1990's will be to international trade what the early 1980's were to entrepreneurship. Embraced by the popular and business press and encouraged by the administration, exporting has become one of the most talked about topics in business today. As manufacturers, consultants and service providers we are continually told that to survive in the world marketplace we must think globally and compete aggressively. There can be no doubt that export markets, always an interesting sector of business, have become both more important and exciting in recent years. On January 1, 1993 the unified common market of the European Community will officially open for business. Although most of the significant changes in that market have already taken place or been agreed upon, this historic event - creating the single largest market among industrial nations - will undoubtedly have an effect on how we as exporters do business in Europe. The Free Trade Agreement with Canada has been in effect for over two years now and there have been and will continue to be many benefits for us. In developing and newly capitalist countries we can point to Czechoslovakia and Hungary as the first of several potentially lucrative markets. Mexico, in the spotlight due to the new Free Trade initiative, will be a strong new export market in our own backyard. And finally the so called mini-dragons of Southeast Asia cannot be ignored. Whether or not they choose to create a formal trading bloc, their ever increasing foreign reserves should be looked at with hungry, but cautious eyes. In this paper the author identifies a large and ever increasing world of customers beyond our national borders and identifies how those companies and individuals in the environmental products market can benefit greatly

New trends in Saudi Oil policy

Energy Technology Data Exchange (ETDEWEB)

Akins, J E

1985-01-01

It is deplorable that the United States and other importing countries persist in viewing OPEC as the enemy. The OPEC plan, at least insofar as Yamani has outlined it (and it seems to be acceptable to other OPEC countries), is reasonable and should be supported by consumers as well as exporters. There should be some understanding, at least in governmental circles, of the ultimate consequences of the collapse of the price of oil, not only the effects it would have on major friendly oil exporters such as Mexico, Nigeria and Venezuela, but the consequences it would have on the banking system, and most important what would happen to long-term supply and demand. Unfortunately there is no indication of any understanding or any appreciation of OPEC's positive role or of the benign nature of the Yamani plan.

Renewable energy export network

International Nuclear Information System (INIS)

Anon

2000-01-01

A Renewable Energy Exporters Network (REEN) has recently been established, following a meeting of renewable energy exporters and government agencies on 30 October 2000. REEN will assist the Australian renewable energy industry to take advantage of the opportunities offered by the burgeoning global market for renewable energy goods and services. Recent estimates of the significant potential global growth is renewable energy demand have reinforced the industry and Government's view that, in the medium to long-term, growth in the Australian renewable energy industry will largely depend on capturing export market share. Expanding the export market was identified as a crucial component in the Renewable Energy Action Agenda, developed jointly by industry and Government and released in June 2000. It was estimated that, for the industry to achieve its vision of sales of $4 billion per year by 2010, exports would need to comprise approximately 50% of the forecast growth in sales. As such, the need for a specific export strategy for the Australian renewable energy industry was recognised in the Action Agenda, and the establishment of the REEN is one of the first initiatives undertaken as part of the Renewable Energy Export Strategy. The REEN comprises approximately 50 export-ready renewable energy companies, the Department of Industry, Science and Resources, Austrade, and Stage Government agencies such as NSW's Sustainable Energy Development Authority. The Export Network will operate electronically, with face-to-face meetings held as appropriate. The Department of Industry, Science and Resources will facilitate the Export Network and has published a website at www.isr.gov.au/industry/reen. The site includes: a members directory; a discussion forum; information on opportunities to showcase Australian renewable; energy products and services; and Iinks to sites containing information that may be useful to renewable energy exporters. Other actions that are being undertaken as

Saudi Arabia; Selected Issues

OpenAIRE

International Monetary Fund

2012-01-01

This Selected Issues paper on Saudi Arabia assesses Saudi Arabia’s role in the oil market and global economy. Saudi Arabia, the world’s largest producer and exporter of oil, has long played a systemically important role in the global oil market. Short-term fluctuations in Saudi Arabia’s oil production have partially reflected attempts to stabilize the global oil market. Saudi Arabia has on several occasions used its systemic role to raise production to fill global demand gaps created by large...

The new oil politics

International Nuclear Information System (INIS)

Rodado Noriega, Carlos

1999-01-01

With a varied menu of adjustments, Colombia looks for to improve the range of international competitiveness and to attract the elusive private investment of risk for the future development of the oil sector. Colombia has just given to its oil sector the biggest rolling in the last decades. A series of measures of diverse class looks for to assign to the country a bigger range of competitiveness international and better exploration indicators that it assures in the time the auto supply of hydrocarbons and the export of surpluses

15 CFR 754.3 - Petroleum products not including crude oil.

Science.gov (United States)

2010-01-01

... 15 Commerce and Foreign Trade 2 2010-01-01 2010-01-01 false Petroleum products not including crude... SUPPLY CONTROLS § 754.3 Petroleum products not including crude oil. (a) License requirement. As indicated... required to all destinations, including Canada, for the export of petroleum products, excluding crude oil...

2008 Annual Report: Department of Defense HIV/AIDS Prevention Program (DHAPP)

Science.gov (United States)

2009-03-01

unlimited 13. SUPPLEMENTARY NOTES The original document contains color images. 14. ABSTRACT 15. SUBJECT TERMS 16. SECURITY CLASSIFICATION OF: 17...agricultural sector suffers from frequent drought and poor cultivation practices. Coffee is critical to the Ethiopian economy, with exports of...d’Ivoire is among the world’s largest producers and exporters of coffee, cocoa beans, and palm oil. Despite government attempts to diversify the

Exporting and Productivity

DEFF Research Database (Denmark)

Newman, Carol; Rand, John; Tarp, Finn

2017-01-01

different policy stance than typical in Africa. This is especially so in promoting export-oriented industry. If learning by exporting is a key driver of progress, then a fundamental reason for Africa's lack of transformation is likely to be the low policy priority given to export promotion in the past....... To enlarge the body of empirical evidence, we use an extensive 2005–2012 firm-level panel data set from Vietnam and separate out productivity effects of exporting due to self-selection. This allows us to conclude that firms actually learn by exporting. We also examine how this learning takes place. Our...... findings suggest that productivity gains are associated with moving to larger scale for foreign-owned firms with little evidence of subsequent learning on export markets. We find strong evidence to suggest that private domestic firms learn and accumulate knowledge from export markets with learning...

Oil and gas in Bolivia

International Nuclear Information System (INIS)

Pacheco, C.M.

1993-01-01

The oil and gas industry in Bolivia is discussed. Typically, the hydrocarbon production of the Bolivian fields is made up of very light oil and natural gas, both of very good quality with no deleterious contaminants. About 80% of the production comes from gas condensate fields. At present, the proven gas reserves are more than 6 trillion cubic feet that have been available for the last 10 years, notwithstanding the fact that 200 million cubic feet per day are exported

Multivariate granger causality between electricity consumption, exports and GDP: Evidence from a panel of Middle Eastern countries

International Nuclear Information System (INIS)

Narayan, Paresh Kumar; Smyth, Russell

2009-01-01

This paper examines the causal relationship between electricity consumption, exports and gross domestic product (GDP) for a panel of Middle Eastern countries. We find that for the panel as a whole there are statistically significant feedback effects between these variables. A 1 per cent increase in electricity consumption increases GDP by 0.04 per cent, a 1 per cent increase in exports increases GDP by 0.17 per cent and a 1 per cent increase in GDP generates a 0.95 per cent increase in electricity consumption. The policy implications are that for the panel as a whole these countries should invest in electricity infrastructure and step up electricity conservation policies to avoid a reduction in electricity consumption adversely affecting economic growth. Further policy implications are that for the panel as a whole promoting exports, particularly non-oil exports, is a means to promote economic growth and that expansion of exports can be realized without having adverse effects on energy conservation policies

Modelling of the estimated contributions of different sub-watersheds and sources to phosphorous export and loading from the Dongting Lake watershed, China.

Science.gov (United States)

Hou, Ying; Chen, Weiping; Liao, Yuehua; Luo, Yueping

2017-11-03

Considerable growth in the economy and population of the Dongting Lake watershed in Southern China has increased phosphorus loading to the lake and resulted in a growing risk of lake eutrophication. This study aimed to reveal the spatial pattern and sources of phosphorus export and loading from the watershed. We applied an export coefficient model and the Dillon-Rigler model to quantify contributions of different sub-watersheds and sources to the total phosphorus (TP) export and loading in 2010. Together, the upper and lower reaches of the Xiang River watershed and the Dongting Lake Area contributed 60.9% of the TP exported from the entire watershed. Livestock husbandry appeared to be the largest anthropogenic source of TP, contributing more than 50% of the TP exported from each secondary sub-watersheds. The actual TP loading to the lake in 2010 was 62.9% more than the permissible annual TP loading for compliance with the Class III water quality standard for lakes. Three primary sub-watersheds-the Dongting Lake Area, the Xiang River, and the Yuan River watersheds-contributed 91.2% of the total TP loading. As the largest contributor among all sources, livestock husbandry contributed nearly 50% of the TP loading from the Dongting Lake Area and more than 60% from each of the other primary sub-watersheds. This study provides a methodology to identify the key sources and locations of TP export and loading in large lake watersheds. The study can provide a reference for the decision-making for controlling P pollution in the Dongting Lake watershed.

Still more records, Iraqi violence and Caspian exports

International Nuclear Information System (INIS)

Anon

2006-01-01

Oil prices set further records at the start of May before falling back. December WTI hit an all-time high of $78.00/bbl on Nymex on 3rd May. IPE November Brent went up to a record $76.45/bbl. Both contracts eventually settled lower and prices in general weakened before staging a minor rally at the end of the month. Other price records were broken early in the month. In Asia, the Indonesian marker grade, Minas, was recorded at $74.04/bbl on 2nd May, whilst Malaysia's Tapis went above $76.70/bbl. Strong Asian demand also boosted the prices of West African crudes. The markets appeared to be reacting to growing tensions in Iraq, Iran and Nigeria. These considerations returned to haunt the markets later in the month. All crude oil loadings at Iraq's Persian Gulf marine terminal were suspended following a fire, though the main Gulf terminal at Basrah continued to operate. The Ceyhan terminal remained out of action. Tensions between the US and Iran over the latter's nuclear programme gave rise to fears of an embargo on Iranian oil exports. Several foreign oil workers were kidnapped following an armed attack on oil installations in Nigeria. OPEC ministers kept their production ceiling unchanged at 28 mn bpd at a meeting in Caracas. (author)

Export strategy

DEFF Research Database (Denmark)

Knudsen, Thorbjørn; Koed Madsen, Tage

2002-01-01

It is argued here that traditional export strategy research (encompassing the study of internationalization processes and export performance) is characterized by weak theoretical foundations and could benefit from a reorientation towards a dynamic capabilities perspective (DCP). We seek to draw...... on insights from DCP in order to devise a theoretical basis that could enrich export strategy research. Although our development of DCP insights builds on previous work, it also adds a crucial distinction between knowledge stocks and informational architecture. Changes in architecture are of greater...... importance. Following this elaboration of the dynamic capabilities perspective, we outline some implications and guidelines for future export strategy research....

The oil policies of the Gulf Arab Nations

Energy Technology Data Exchange (ETDEWEB)

Ripple, R.D.; Hagen, R.E.

1995-03-01

At its heart, Arab oil policy is inseparable from Arab economic and social policy. This holds whether we are talking about the Arab nations as a group or each separately. The seven Arab nations covered in this report-Bahrain, Iraq, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates--participate in several organizations focusing on regional cooperation regarding economic development, social programs, and Islamic unity, as well as organizations concerned with oil policies. This report focuses on the oil-related activities of the countries that may reveal the de facto oil policies of the seven Persian Gulf nations. Nevertheless it should be kept in mind that the decision makers participating in the oil policy organizations are also involved with the collaborative efforts of these other organizations. Oil policies of five of the seven Arab nations are expressed within the forums of the Organization of Petroleum Exporting Countries (OPEC) and the Organization of Arab Petroleum Exporting Countries (OAPEC). Only Oman, among the seven, is not a member of either OAPEC or OPEC; Bahrain is a member of OAPEC but not of OPEC. OPEC and OAPEC provide forums for compromise and cooperation among their members. Nevertheless, each member state maintains its own sovereignty and follows its own policies. Each country deviates from the group prescription from time to time, depending upon individual circumstances.

Manitoba oil activity review, 1991

International Nuclear Information System (INIS)

1992-04-01

In an annual survey of Manitoba's petroleum industry, data are presented on oil and natural gas leases and sales, geophysical activity, exploration and drilling activity, production, exports to other provinces and the USA, oil prices and sales value, royalties and taxes, direct revenues from oil exploration and development, reserves, industry expenditures, and oil fields. Throughout the report, explainations are given of the items covered. Descriptions are made of new developments, the oil market, oil policies, incentive programs, and industrial activities. During 1991, 54 wells were drilled, compared to 79 in 1990. Oil production was down ca 3% from 1990 levels, to 712,792 m 3 , the value of the oil produced decreased 21% to ca $90.3 million, and provincial revenues from the oil industry declined by 15%. Oil industry expenditures in the province were estimated at $69 million, down 9% from 1990. As of the end of 1991, there were 11 oil fields and 118 non-confidential oil pools designated in Manitoba. The forecast for 1992 indicates that exploration activity will increase in response to new incentive programs. Crude oil production is expected to decline slightly to about 667,000 m 3 . 9 figs., 17 tabs

THE SITUATION OF IRAQI OIL INDUSTRY AND ITS PROSPECTS

Directory of Open Access Journals (Sweden)

Al Dulaimi Haidar Ali

2013-11-01

Full Text Available Iraq is a major oil producer and exporter(the second one after Saudi Arabia, member of OPEC and was able to reform its oil sector and to gradually pass to a market economy system, by restructuring and privatizing its oil production, processing and distribution. Some medium term and long term priorities set for economic development are presented in the article and also investment and business opportunities existing for domestic and foreign investors.

The importance of technological innovation in the logistics of ethanol exports

Directory of Open Access Journals (Sweden)

José Petraglia

2011-07-01

Full Text Available This paper analyzes the technological status of the bulk liquids logistical process at the port of Santos. The main objective is to identify problems encountered in port logistics for the export of ethanol and evaluate their respective technological innovation perspectives. Ethanol exports have increased given international environmental appeals. Within the complex and uncertain environments that contemporary corporations are experiencing, environmental issues have captured global attention. There is an awareness as to the relevance of reducing pollutant emissions to the atmosphere and one of the manners of so doing is by utilising ethanol as a source of propulsion energy fuelling automobile engines. Brazil is one of largest, high quality, ethanol producers in the world and a strong competitor to serve the global market given that the quality of the port logistic infrastructure poses significant impact on exports. Thus, this article proposes to further deepen the theory fundamentals alongside research conducted at companies of South-central Brazil´s sugar alcohol supply chain sector. The study´s analytical model is based on bibliographical research, monitoring and descriptive field surveys at companies within the segment. The article demonstrates that although the logistical process is evolving technologically, further investments in logistic infrastructure is required so as to obtain a sustainable competitive advantage and ensure the feasibility of exports of the Brazilian product.Key words: logistic process, technological innovation and ethanol.

The Export Administration Act of 1979 and Computer Exports to China

National Research Council Canada - National Science Library

Perez, Elizabeth

2002-01-01

.... The statute that regulates computer exports, the Export Administration Act of 1979 (EAA79), has been interpreted both strictly and loosely by policymakers, executive agencies, and export control regimes...

Perceived impediments to export involvement among small and medium sized firms : non-exporters perspective

Directory of Open Access Journals (Sweden)

Mercy Mpinganjira

2011-12-01

Full Text Available Purpose: The main purpose of this paper is to examine perceived impediments to export involvement among non-exporting small and medium sized firms (SME's in Malawi. The study also examines levels of interest in exporting among the firms. Problem investigated: Many countries have programs aimed at promoting export involvement among SME's. Despite this, most SME's continue to ignore exporting as a viable business strategy. Information on perceived impediments to export involvement especially from the non-exporters' perspective is often lacking hence the need for this study. Methodology: Data was collected from 80 owner managers of non-exporting SME's. A structured questionnaire was the main instrument used to collect data. Personal interviews were also held with managers for the purposes of probing their answers to the questions in the questionnaire. Statistical Package for Social Science (SPSS version 18 was used to analyse the quantitative data obtained from use of the structured questionnaire. Qualitative data obtained through personal interviews was analysed used thematic analysis. Findings: The findings of the study showed significant levels of interest in exporting among the firms. The majority of the owner managers indicated willingness to exploit export opportunities that may be readily available to them. The findings however showed that just over half of the respondents had discussed or investigated the possibility of exporting before. On impediments to exporting, the findings showed that managers perceive many factors as important impediments to their firm's involvement in exporting. The top two most important impediments were internal to the firm and related to human resource issues. They included insufficient knowledge about export opportunities and lack of personnel knowledgeable in exporting. Originality and value of the research: A review of literature shows that most export promotion studies tend to focus more on issues relating to

Oil sector developments: Russia, Azerbaijan and Central Asia

International Nuclear Information System (INIS)

Ebel, R.E.

1997-01-01

The level of resource development in Russia, Azerbaijan and in the countries of Central Asia was discussed. The resources of crude oil and natural gas in the area are considered more than sufficient to support any reasonable expansion for the foreseeable future and this should mean higher exportable surpluses. The collapse of the Soviet Union resulted in the emergence of 15 sovereign and independent nations, collectively known as the Commonwealth of Independent States (CIS). The end of the cold war opened the CIS's oil sector to foreign investors. However, access to these markets has been blocked by the physical isolation of Azerbaijan and Central Asia. According to forecasters, by the year 2005, the annual oil production of the CIS shall reach 7.9 million barrels per day, approximately 11.3 per cent higher than in 1996. Natural gas production is expected to increase by about 30 per cent to 900 billion cubic meters per year. Western capital will be key to the future of resource development in Azerbaijan, Kazakhstan, and Turkmenistan. It was suggested that by 2010, the exportable oil from the Caspian Sea and Central Asia will represent 3 to 4 per cent of world oil supply. This projection emphasizes the fact that this new oil would be in addition to, and not in place of oil from the Persian Gulf. Some of the economic and political problems that have had a delaying effect on the development of pipelines through these regions were also reviewed

Lipid composition of seed oils of different pomegranate (Punica granatum L. cultivars from Spain

Directory of Open Access Journals (Sweden)

Luana Fernandes

2015-04-01

Full Text Available Pomegranate (Punica granatum L. is an ancient fruit tree traditionally cultivated in the Near and Middle East. Presently, its most important growing regions include Afghanistan, Iran, Israel, USA, Italy and Spain, the latter country the largest European exporter. The pomegranate fruit can be divided into several anatomical compartments: outside peel, inside peel, and arils (pulp and seeds, the last part being usually used for consumption as is or for juice, jams and jellies production. Even though pomegranate seeds are an industrial by-product, recent reports have highlighted their potential use as a source of oil with beneficial chemical attributes. Therefore, the main objective of the present work was to characterize the seed oil of nine European pomegranate varieties, collected in Spain, for their fatty acid and vitamin E compositions. All seed lipid fractions consisted mainly of punicic acid (c9,t11,c13 C-18:3, ranging between 77.3% and 83.6% of total fatty acids, followed by small amounts of linoleic acid (C18:2n6, oleic acid (C18:1n9 and palmitic acid (C16:0. Regarding vitamin E composition, α-, γ-, δ-tocopherols were found in all pomegranate seed oils, but mainly γ-tocopherol, with total tocopherols ranging from 174.5 to 627.3 mg/100g oil.The richness of these pomegranate varieties seed oils in punicic acid, a conjugated linolenic acid with interesting anti-carcinogenic activity, and the elevated amount of tocopherols on the extracted lipids, of technological and nutritional relevance, make this by-product interesting for further exploitation.

Correlations-Adjusted Export Market Diversification

OpenAIRE

Jung Joo La

2011-01-01

This paper introduces new export market diversification indices incorporated with correlations of business cycles among export partners to identify the actual effects of export market diversification on export instability. Three existing export market diversification indices reflect the dispersion level in terms of the number of export partners and their export shares, without a clear control for correlations among export earnings from export partners. In addition, they are underestimated or ...

Renewable Energy and Proven Oil Reserves Relation: Evidence from OPEC Members

Directory of Open Access Journals (Sweden)

Mehmet Arcan TUZCU

2014-12-01

Full Text Available The well documented literature on the relation between energy consumption and climate change has been extended by the addition of renewable energy consumption. Several studies show its impact on technical efficiency, per capita income or carbon dioxide (CO2 emission levels for developed and developing countries. However, to the extent of our knowledge, very few of them state the importance of renewable energy for the countries where the main type of fossil fuels, oil, is exported. This study aims to explore the association between renewable energy, real gross domestic product (GDP, CO2 emission level, real oil prices as well as the proven oil reserves for seven members of Organization of the Petroleum Exporting Countries (OPEC. The analyses are conducted using panel data techniques, namely fixed effect – random effect tests. Our results show a positive and significant relation between renewable energy consumption, and real GDP and CO2 emission level. A statistically not significant coefficient is found for the relation between renewable energy and the proven oil reserves. The relation between energy and real oil prices is also insignificant.

What are the economic and social effects from the electric power beneficiary price of the largest consumers

International Nuclear Information System (INIS)

Bogov, Dimitar

2003-01-01

In the last few years the two largest consumers of electricity 'Feni' and 'Jugohrom', were sold to the foreign strategic investor. The key issue in the negotiations with the investor was the price of electricity for these companies. The final outcome is known, they got beneficiary price. Now two questions emerge: (1) what is the exact size of the under pricing? (2) what are the economic and social effects of their activity and whether the social gain for the country is higher than the loss for the country from the under pricing of electricity. The paper is trying to give an answer on the second question. Therewith, the analyze is focused on two issues: (1) how much is the contribution of these two companies on production, export and economic growth of the Republic of Macedonia; (2) what is their impact on the living standard and social costs. Macedonian industry has very unfavorable structure with only a few export products. Restructuring of industry and widening of the array of products is a slow process. Until new products and new industries are developed, the only generator of larger export and higher economic growth is the increase of the export of existing products. 'Feni industry' and 'Silmak' are some of rare Macedonian companies that have foreign strategic investor who provide stable and unlimited market (having in mind that Macedonian production is relatively small compared to the world demand for nickel and ferro silicium). Thus, the growth of export of metals produced by 'Feni industry' and 'Silmak' could be the principal generators of the growth of Macedonian economy in the period of restructuring of the industry and development of new competitive products. (Original)

The political economy of transnational oil

International Nuclear Information System (INIS)

Mikdashi, Z.

1993-01-01

This paper identifies some of the major policies adopted by the public authorities of both the oil importing and oil exporting countries, as well as the business strategies followed by the major energy corporate groups. The significance of governmental policies and business strategies are often reflected in transnational political or economic relations, market structures and price formation. The focus of this paper is to ascertain the impact of those policies and strategies. 1 ref., 1 fig

Upgrading in the global apparel value chain : an analysis on Asian developing countries' competition with China in exporting apparels

OpenAIRE

Bakken, Ingvild

2014-01-01

The purpose of this research is to examine how regional suppliers of apparels have performed in the global apparel industry compared to China during the past two decades, and particularly after the phase out of the Multi-Fibre Arrangement (MFA), which up to 2004 applied quotas to exports of clothing in the largest end markets. The speculation prior to the quota phase out was that large increases of Chinese exports would be at the expense of other Asian suppliers. This thesis effort to trace w...

'The Iranian connection': the geo-economics of exporting Central Asian energy via Iran

International Nuclear Information System (INIS)

Stauffer, T.R.

1998-01-01

Of the possible routes to connect Caucasian and Central Asian oil to market, the 'Iranian connection' is the most interesting. The economic attraction of the Iranian route is clear: large transport capacities exist in the various pieces of Iran's existing network, large refining centers are located near the Caspian and there ate unutilized export terminals [it

Indonesia`s Palm Oil Industrialization: the Resistance of Tanjung Pusaka Villagers, Central Kalimantan Against Palm Oil Industry

OpenAIRE

Wulansari, Ica

2017-01-01

Indonesia`s Palm oil industry is the greatest export commodity in the world. Palm oil industry has been developed since Soeharto`s administration with World Bank`s initiative. Indonesia`s development pattern is modernization which is fully supported by global capitalist agent. Furthermore, the government of Indonesia has issued policies to support this industry and the ease of accessibilty for investor to build in Indonesia. Most of the policies focus on economic interest with lack of attenti...

The global diversion of pharmaceutical drugs. India: the third largest illicit opium producer?

Science.gov (United States)

Paoli, Letizia; Greenfield, Victoria A; Charles, Molly; Reuter, Peter

2009-03-01

This paper explores India's role in the world illicit opiate market, particularly its role as a producer. India, a major illicit opiate consumer, is also the sole licensed exporter of raw opium: this unique status may be enabling substantial diversion to the illicit market. Participant observation and interviews were carried out at eight different sites. Information was also drawn from all standard secondary sources and the analysis of about 180 drug-related criminal proceedings reviewed by Indian High Courts and the Supreme Court from 1985 to 2001. Diversion from licit opium production takes place on such a large scale that India may be the third largest illicit opium producer after Afghanistan and Burma. With the possible exceptions of 2005 and 2006, 200-300 tons of India's opium may be diverted yearly. After estimating India's opiate consumption on the basis of UN-reported prevalence estimates, we find that diversion from licit production might have satisfied a quarter to more than a third of India's illicit opiate demand to 2004. India is not only among the world's largest consumer of illicit opiates but also one of the largest illicit opium producers. In contrast to all other illicit producers, India owes the latter distinction not to blatantly illicit cultivation but to diversion from licit cultivation. India's experience suggests the difficulty of preventing substantial leakage, even in a relatively well-governed nation.

The impact of Oil Prices on the International Economic Arena: The Economic Factors and International Players

Directory of Open Access Journals (Sweden)

MA. Arben Salihu

2014-06-01

Full Text Available Throughout history the new technologies and discoveries revolutionized the way we live. The discovery, the oil, has been critical for society, becoming the world’s most profitable and essential industry transforming itself from domestic to international business. The aim of this paper, above all is to analyze the role of oil and its price volatility in world economy. The ongoing changes and transformations in world oil industry tend to have a great effect not only on the oilimporting countries but also on oil-exporting nations. The demand or supply-triggered oil price volatility differ in its effects to world economic activity. Although it may have different effect for the oil importing nations in comparison to oil exporting nations, still inflationary pressure may be a common feature. A number of points relevant to the study are put forward highlighting pros and cons of issues discussed. The paper also elaborates the environmental concerns, deriving from the increase of oil consumption and the necessity (globally to increase efforts in finding a decent,(environmentally friendly replacement for oil.

Peru steps up push to attract oil investment

International Nuclear Information System (INIS)

Anon.

1991-01-01

This paper reports that Peru's government is stepping up efforts to attract more foreign investment in its oil and gas sector. Since taking over in July 1990, the government of President Alberto Fujimori has taken a number of steps to privatize the oil sector, improve the fiscal regime for oil investment, and streamline regulations on oil and gas investment. In the most dramatic step, the Fujimori administration ended state oil company Petroleos del Peru's monopoly on downstream operations as well as imports and exports of oil and gas as part of sweeping new oil and gas legislation. In addition, officials of the Fujimori administration have been traveling to key oil centers around the world with a presentation on Peru's hydrocarbon potential, trying to spark interest in E and D investment there

New oil and gas incentives in Saskatchewan

International Nuclear Information System (INIS)

Patel, B.

2003-01-01

Saskatchewan is Canada's second largest producer of crude oil and the third largest producer of natural gas with nearly 400 oil and gas companies operating in the province. The oil ranges from heavy sour to light sweet crude oil. Nearly half of the production is heavy oil, 30 per cent is medium oil and 20 per cent is light oil. In 2002, the Province announced changes to the oil and gas Royalty and Tax Regime in an effort to encourage new oil and gas exploration and development activities in Saskatchewan and to help the industry compete with other jurisdictions around the world. This paper examined the pre-October 2002 Saskatchewan Crown Royalty and freehold production tax structure and compared them to the new structure. The paper also briefly outlined the corporation capital tax, resource surcharge, and flow-through share tax credit initiatives announced in 2001 and 2002. With reductions in the Crown Royalty, freehold production tax and corporation capital taxes, the Province expects that more than 9000 oil and gas wells will be drilled in the next decade, representing new investment of about $4.3 billion and 40,000 new jobs. The flow-through share credit may not attract significant investment because it only benefits those who pay taxes in Saskatchewan. 40 refs

The economic growth of oil countries

International Nuclear Information System (INIS)

Arbod, G.

2007-02-01

The literature tries to apprehend the weakness of the economic growth of oil culminates by the assumption of ousted growth factors. In the Dutch Disease models the non-oil exporting sector would be ousted whereas in the analyses in terms of economic policies it would be the efficient economic policies. We consider the phenomenon through the growth theories, the oil income being regarded as an additional exogenous income for the economy. In this manner the growth dynamic of oil countries, even the most unfavourable, can be modelled without utilizing any concept of economic inefficiency. The last part of our work is devoted to the Saudi economy. After having developed a macro-econometric model, and using scenarios of oil prices, we lead a forecasted analysis of this economy. (author)

Exporter Price Premia?

DEFF Research Database (Denmark)

Jäkel, Ina Charlotte; Sørensen, Allan

This paper provides new evidence on manufacturing firms' output prices: in Denmark, on average, exported varieties are sold at a lower price (i.e. a negative exporter price premium) relative to only domestically sold varieties. This finding stands in sharp contrast to previous studies, which have...... found positive exporter price premia. We also document that the exporter price premium varies substantially across products (both in terms of sign and magnitude). We show that in a standard heterogeneous firms model with heterogeneity in quality as well as production efficiency there is indeed no clear......-cut prediction on the sign of the exporter price premium. However, the model unambiguously predicts a negative exporter price premium in terms of quality-adjusted prices, i.e. prices per unit of quality. This prediction is broadly borne out in the Danish data: while the magnitude of the premium varies across...

Noteworthy: oil markets: Saudis abandon WTI price as benchmark

OpenAIRE

Jackson Thies

2010-01-01

Saudi Arabia's state-owned oil company no longer uses West Texas Intermediate (WTI) crude oil as its pricing benchmark. Saudi Aramco, the third largest U.S. oil supplier, switched to the Argus Sour Crude Index (ASCI) in January.

Oil and natural gas prospects: Middle East and North Africa

International Nuclear Information System (INIS)

Khatib, Hisham

2014-01-01

The MENA region is endowed with enormous resources of oil and gas, rendering it the world′s richest region in this regard. Endowment differs from one country to another with few countries are almost dry; however the economic benefits proliferated to almost every country in the region. In spite of some doubts being cast about the amount of proven oil reserves, these with improved technology and new discoveries are increasing year after another. With no long term feasible alternatives to oil for transport and the increasing trade in LNG, the region′s importance as a world′s leading supplier of fossil fuels will continue for decades to come. However, these favourable prospects hide many challenges facing the MENA region, among them is the difficulty in mobilizing investment funds for sustaining and increasing output to feed growing global demand. Growing local demand, due to the proliferation of subsides, is another worrying aspect that already caused few countries with modest resources to become oil importers instead of exporters, with larger exporters decreasing their surplus output. The region is also still mainly dependant on foreign technologies and skilled manpower. Regional cooperation in oil and gas networks and electricity interconnections is still modest. The region has a long history of conflict; correspondingly it is a major importer of armaments which is increasingly eating a lot of its surplus income. With the political and social changes presently taking place in many MENA countries, due to the Arab spring and continuation of local conflicts, the sustainability of supplies from the region are increasingly a source of worry to MENA exporters and its many importers. It is also causing increasing involvement of the super powers in regional affairs. - Highlights: • Global oil and gas reserves and prices. • Energy sustainability and the Middle East. • Energy economics and investments in the Middle East

78 FR 13330 - Pangea LNG (North America) Holdings, LLC; Application for Long-Term Authorization To Export...

Science.gov (United States)

2013-02-27

... Mexico, acreages in the Marcellus shale gas play, the Eagle Ford shale gas play, the Bakken shale oil... gas reserves and production. Pangea states that improved drilling techniques and extraction...; Application for Long- Term Authorization To Export Liquefied Natural Gas Produced From Domestic Natural Gas...

1953 : quiet rumblings

Energy Technology Data Exchange (ETDEWEB)

Anon.

2008-06-15

The 1953 discovery of the massive Pembina Cardium field near Drayton Valley, Alberta, was discussed. It was the largest field ever discovered in Canada, holding an estimated 7.8 billion barrels of crude. The Socony-Vacuum Exploration Company drilled the first well to 10,000 feet. The well produced light crude oil at a rate of 456 barrels per day. A second successful well was then drilled about 6 miles northeast of the discovery well. By the end of 1953, Socony and its partners had a total of 7 wells underway in the area, all testing the Cardium formation. By the end of 1954, the industry recognized the significance of the discovery, and 34 wells were being drilled in the area. Production from the field by the end of 1954 averaged 6,500 barrels per day from 85 wells. By 1955, the Pembina Cardium field, covering approximately 400,000 acres, was the largest in North America. Production from the field exceeded 76,600 barrels per year through 1955. It has been touted as the largest conventional oil accumulation, with a reserve of 7.8 billion barrels of oil in place, and the biggest discovery in the history of the Canadian oil industry. Other key events of 1953 included Saskatchewan's gas export policy; approval of a 22-year gas export permit for Westcoast Transmission Company; and completion of an oil pipeline from Edmonton to Vancouver. 1 tab., 1 fig.

76 FR 66693 - President's Export Council: Meeting of the President's Export Council

Science.gov (United States)

2011-10-27

.... ACTION: Notice of an open meeting. SUMMARY: The President's Export Council will hold a meeting to discuss.... exports, jobs, and growth. DATES: November 16, 2011 at 9:30 a.m. (ET) ADDRESSES: The President's Export... on December 20, 1973 to advise the President on matters relating to U.S. export trade and report to...

76 FR 9550 - President's Export Council: Meeting of the President's Export Council

Science.gov (United States)

2011-02-18

.... ACTION: Notice of an open meeting. SUMMARY: The President's Export Council will hold a meeting to discuss.... exports, jobs, and growth. DATES: March 11, 2011 at 9:30 a.m. (ET). ADDRESSES: The President's Export... on December 20, 1973 to advise the President on matters relating to U.S. export trade and report to...

Oil and gas information 1995

International Nuclear Information System (INIS)

1996-07-01

This reference book on current developments in oil and gas supply and demand contains country-specific statistics for OECD countries on production, trade, demand and prices. This book is divided in four parts. Part 1 gives the statistics sources for oil, gas and by products (lubricants, bitumen, paraffin waxes etc..) supply, demand, consumption, origin, feedstocks, import and export prices, spot and end-user prices and taxes, and gives also the definitions of products, supply and consumption items reported in this book. Part 2 provides summary tables of world oil and gas market developments with time series back to the early 1970's. Parts 3 and 4 provide, in tables form, a more detailed and comprehensive picture of oil and gas supply and demand for the OECD by region and individual countries. (J.S.)

Trends and volatility in sub Saharan Africa’s key primary commodity exports

Directory of Open Access Journals (Sweden)

Matthew Ocran

2013-02-01

Full Text Available Using a GARCH model the paper sought to test the hypothesis that price volatility of key Sub Saharan Africa primary commodity exports, have not changed over the past four decades. Whilst crude oil, aluminium, cocoa and six others have not experienced significant change in price volatility over the period, nine other major commodities recorded changes. Efforts need to be made to extensively diversify the portfolio of agricultural commodity exports by including new products of which price volatilities in the past decades have been reduced. This is crucial for countries that depend on up to three primary commodities for the bulk of their foreign exchange earnings. Other measures such as value addition can also help in reducing impacts of unfavourable price movements.

Attributing land-use change carbon emissions to exported biomass

International Nuclear Information System (INIS)

Saikku, Laura; Soimakallio, Sampo; Pingoud, Kim

2012-01-01

In this study, a simple, transparent and robust method is developed in which land-use change (LUC) emissions are retrospectively attributed to exported biomass products based on the agricultural area occupied for the production. LUC emissions account for approximately one-fifth of current greenhouse gas emissions. Increasing agricultural exports are becoming an important driver of deforestation. Brazil and Indonesia are used as case studies due to their significant deforestation in recent years. According to our study, in 2007, approximately 32% and 15% of the total agricultural land harvested and LUC emissions in Brazil and Indonesia respectively were due to exports. The most important exported single items with regard to deforestation were palm oil for Indonesia and bovine meat for Brazil. To reduce greenhouse gas (GHG) emissions effectively worldwide, leakage of emissions should be avoided. This can be done, for example, by attributing embodied LUC emissions to exported biomass products. With the approach developed in this study, controversial attribution between direct and indirect LUC and amortization of emissions over the product life cycle can be overcome, as the method operates on an average basis and annual level. The approach could be considered in the context of the UNFCCC climate policy instead of, or alongside with, other instruments aimed at reducing deforestation. However, the quality of the data should be improved and some methodological issues, such as the allocation procedure in multiproduct systems and the possible dilution effect through third parties not committed to emission reduction targets, should be considered. - Highlights: ► CO 2 emissions from land use changes are highly important. ► Attribution of land use changes for products is difficult. ► Simple and robust method is developed to attribute land use change emissions.

Attributing land-use change carbon emissions to exported biomass

Energy Technology Data Exchange (ETDEWEB)

Saikku, Laura, E-mail: laura.saikku@helsinki.fi [University of Helsinki, P.O Box 65, 00014 University of Helsinki (Finland); Soimakallio, Sampo, E-mail: sampo.soimakallio@vtt.fi [VTT Technical Research Centre of Finland, P.O. Box 1000, 02044 VTT (Finland); Pingoud, Kim, E-mail: kim.pingoud@vtt.fi [VTT Technical Research Centre of Finland, P.O. Box 1000, 02044 VTT (Finland)

2012-11-15

In this study, a simple, transparent and robust method is developed in which land-use change (LUC) emissions are retrospectively attributed to exported biomass products based on the agricultural area occupied for the production. LUC emissions account for approximately one-fifth of current greenhouse gas emissions. Increasing agricultural exports are becoming an important driver of deforestation. Brazil and Indonesia are used as case studies due to their significant deforestation in recent years. According to our study, in 2007, approximately 32% and 15% of the total agricultural land harvested and LUC emissions in Brazil and Indonesia respectively were due to exports. The most important exported single items with regard to deforestation were palm oil for Indonesia and bovine meat for Brazil. To reduce greenhouse gas (GHG) emissions effectively worldwide, leakage of emissions should be avoided. This can be done, for example, by attributing embodied LUC emissions to exported biomass products. With the approach developed in this study, controversial attribution between direct and indirect LUC and amortization of emissions over the product life cycle can be overcome, as the method operates on an average basis and annual level. The approach could be considered in the context of the UNFCCC climate policy instead of, or alongside with, other instruments aimed at reducing deforestation. However, the quality of the data should be improved and some methodological issues, such as the allocation procedure in multiproduct systems and the possible dilution effect through third parties not committed to emission reduction targets, should be considered. - Highlights: Black-Right-Pointing-Pointer CO{sub 2} emissions from land use changes are highly important. Black-Right-Pointing-Pointer Attribution of land use changes for products is difficult. Black-Right-Pointing-Pointer Simple and robust method is developed to attribute land use change emissions.

Oil Prices and Venezuela's Economy

OpenAIRE

Mark Weisbrot; Rebecca Ray

2008-01-01

This paper looks at Venezuela’s export revenue, imports, and trade and current account balances under a range of oil price outcomes for the next two years. It finds that Venezuela would run large current account surpluses for prices between $60-90 per barrel, and would even run a small surplus with prices at $50 per barrel. (Most oil industry estimates for the next two years are in the range of $80-90 per barrel). The authors conclude that Venezuela is unlikely to run into foreign exchange co...

OPEC and the international oil market: can a cartel fuel the engine of economic development?

Czech Academy of Sciences Publication Activity Database

Noguera, Jose; Pecchenino, R. A.

2007-01-01

Roč. 25, č. 1 (2007), s. 187-199 ISSN 0167-7187 Institutional research plan: CEZ:MSM0021620846 Keywords : OPEC * International oil market * oil export Subject RIV: AH - Economics Impact factor: 0.464, year: 2007

The Effects of Agricultural Raw Product Exports on Environment Quality

Directory of Open Access Journals (Sweden)

hosein mohammadi

2016-10-01

Classification of goods in the first group of agricultural raw materials ere used. We consider some of the goods are raw agricultural sector as a percentage of GDP and sectors including oil and minerals were removed from it. Therefore, this variable includes food and live animals, beverages and tobacco, crude materials, excluding fuel and other edible animal fats and vegetable oils. The data has been obtained from the global dataset of FAO. Variables such as Animal fats and vegetable oils and the per capita income squared has been omitted because of co linearity. Instrumental variables such as agricultural land (% of land area and agricultural machinery is taken from WDI. These variables include per capita emissions of agricultural methane, per capita emissions of agricultural nitrous oxide gas, and biological oxygen demand (BOD per capita. Methane (CH4 is a greenhouse gas that contributes to global warming and ozone pollution. More than fifty percent of the methane gas is due to agricultural activities. Results and Discussion: The results of the instrumental variable method show that the export of agricultural products in developing countries will increase the emissions of nitrous oxide and methane gas and reduces water pollution. The coefficients of the variables considered positive for developed countries, but only the coefficient of nitrogen oxide emissions is significant. To investigate which of raw agricultural products, subtypes play a greater role in environmental pollution, we have re-estimated equation with place components of agricultural raw products, beverages and tobacco, crude materials excluding fuels and other edible fats and vegetable and animal oils. The results for the three pollutants reported in the table. This result indicates that only the export of drinking and tobacco increased environmental pollution by increasing methane in developing countries. So, none of the variables have significant impact on water pollution. The logarithm of the per capita

Substituting oil by electric power

International Nuclear Information System (INIS)

Lichtenberg, H.

1981-01-01

Parting from the development of primary energy use the author refers to the latest investigations and results presented on the 1980 World Energy Conference and with special regard to oil points out the threatening exhaustion of fossil energy resources. Maintaining the economic structure of the Federal Republic of Germany implies an orientation away from oil. Due to its flexible application technology and quasi-inexhaustible energy resources electric power may substantially contribute to oil substitution which as a matter of fact is of particular interest in connection with the heat market. Coal alone cannot substitute both oil and nuclear energy. Thus, the above postulates the use of the latter. Leaving nuclear energy inactive today will effect an increase in the demand for oil the negative consequences of which would weight heavily upon the anyhow unbalanced import/export ratio of the Federal Republic of Germany. (orig.) [de

Long-term factors in oil supply

Energy Technology Data Exchange (ETDEWEB)

Banks, F E

1984-01-01

The Stanford Energy Supply Forum prediction that world oil demand in 1990 will press on supply and send prices into an irreversible climb assumes that the Organization of Economic Cooperation and Development (OECD) countries will control unemployment, that Third World population growth will require more energy, and that several oil exporters will be reducing their output. The author points out disappointing exploration results, OPEC's continued strength, downward projections of reserves by geological surveys, and other economic factors to show that oil supplies are likely to last less than 40 years, with remaining reserves concentrated in fewer producing countries. This will make it harder for non-OPEC countries to influence prices, in contrast to more positive forecasts from the oil industry.

Petroleum production contracts of the oil exporting developing countries with US petroleum companies, and US tax laws. Erdoelproduktions-Vertraege erdoelexportierender Entwicklungslaender mit US-Oelunternehmen und US-Steuerrecht

Energy Technology Data Exchange (ETDEWEB)

Mettenheimer, K.

1987-01-01

The publication deals with the US petroleum production contracts of the past three decades. It analyzes the different types of contracts ranging from franchises to the so-called non-risk service contract. Particular emphasis is on the influence of US tax laws on the terms and conditions of contract. Another point of discussion is the influence of US tax laws on the tax laws of the oil exporting developing countries. The conclusions drawn from the terms and conditions of contracts and the mutual influence of two tax systems aim at contributing to a system whose transnational investment decisions and contracts will not be influenced by fiscal consideration. (orig./HSCH).

On the economics of the Russian oil sector

International Nuclear Information System (INIS)

Khartukov, E. M.

1996-01-01

The effects of political changes in the 1990s, particularly the hasty privatization of the oil industry, the all-out price liberalization and the radical transformation of the oil sector's taxation regime in Russia were examined. Details of the various tax regimes - excise duties on crude oil (introduced in 1992), contributions for mineral reserves replacement (1993), royalties on extracted and exported hydrocarbons (1992), investment fund deductions (1992, repealed in 1994), and the general tax on profits, introduced at 32 per cent in 1992, raised to 38 per cent in 1994,- were provided. As a result of this multitude of taxes, this core sector of Russia's economy has turned into the main tax-paying, but hardly profitable, business. It survives on marginal, and at times even negative, after-tax returns. According to official taxation data, in 1994 the after-tax profitability of the country's oil producing industry dropped to seven per cent, compared to 50 per cent enjoyed by Russian crude producers at the beginning of 1992. Downstream refinery margins have been equally low. Since the beginning of liberalization they have rarely exceeded five per cent and often dropped to one per cent. In an effort to save the industry, the government finally provided tax relief by removing export duties for Russian oil products effective December 1, 1995

Canadian solar export market study. Export policy recommendations

Energy Technology Data Exchange (ETDEWEB)

1983-11-01

This report outlines policies and recommendations on the export of Canadian solar equipment and technology, with a view toward stimulating the domestic solar industry. The current picture is of an industry which is relatively small, operates in a competitive domestic market with low profit margins, and needs assistance in order to break into the world market. A number of recommendations are therefore made on the main thrust of industry and government solar export development activities. An export development program is described which includes a strategy of concentrating on a limited number of product lines, namely: low-temperature solar heating systems for recreational applications, integrated residential water heating systems, prepackaged commercial water heating systems, and industrial pre-heat systems. It is also recommended that this strategy be directed only at a limited number of target countries where the market justifies such activity. Market research, international cooperation agreements, promotional services, and proper export organization are also needed.

75 FR 11841 - Proposed Information Collection; Comment Request; Short Supply Regulations, Petroleum (Crude Oil)

Science.gov (United States)

2010-03-12

... DEPARTMENT OF COMMERCE Bureau of Industry and Security Proposed Information Collection; Comment Request; Short Supply Regulations, Petroleum (Crude Oil) AGENCY: Bureau of Industry and Security. ACTION... supporting documentation for license applications to export petroleum (crude oil) and is used by licensing...

Oil refining expansion criteria for Brazil

International Nuclear Information System (INIS)

Tavares, M.E.E.; Szklo, A.S.; Machado, G.V.; Schaeffer, R.; Mariano, J.B.; Sala, J.F.

2006-01-01

This paper assesses different strategies for the expansion of Brazil's oil refining segment, using criteria that range from energy security (reducing imports and vulnerability for key products) through to maximizing the profitability of this sector (boosting the output of higher value oil products) and adding value to Brazil's oil production (reducing exports of heavy acid oil). The development prospects are analyzed for conventional fuel production technology routes, sketching out three possible refining schemes for Brazilian oil and a GTL plant for producing gasoil from natural gas. Market scenario simulations indicate that investments will be required in Brazil's oil refining segment over and above those allocated to planned modifications in its current facilities, reducing the nation's vulnerability in terms of gasoil and petrochemical naphtha imports. Although not economically attractive, oil refining is a key activity that is crucial to oil company strategies. The decision to invest in this segment depends on local infrastructure conditions, environmental constraints and fuel specifications, in addition to oil company strategies, steady growth in demand and the definition of a government policy that eases institutional risks. (author)

Oil refining expansion criteria for Brazil

International Nuclear Information System (INIS)

Tavares, Marina Elisabete Espinho; Szklo, Alexandre Salem; Machado, Giovani Vitoria; Schaeffer, Roberto; Mariano, Jacqueline Barboza; Sala, Janaina Francisco

2006-01-01

This paper assesses different strategies for the expansion of Brazil's oil refining segment, using criteria that range from energy security (reducing imports and vulnerability for key products) through to maximizing the profitability of this sector (boosting the output of higher value oil products) and adding value to Brazil's oil production (reducing exports of heavy acid oil). The development prospects are analyzed for conventional fuel production technology routes, sketching out three possible refining schemes for Brazilian oil and a GTL plant for producing gasoil from natural gas. Market scenario simulations indicate that investments will be required in Brazil's oil refining segment over and above those allocated to planned modifications in its current facilities, reducing the nation's vulnerability in terms of gasoil and petrochemical naphtha imports. Although not economically attractive, oil refining is a key activity that is crucial to oil company strategies. The decision to invest in this segment depends on local infrastructure conditions, environmental constraints and fuel specifications, in addition to oil company strategies, steady growth in demand and the definition of a government policy that eases institutional risks

The resource curse: Analysis of the applicability to the large-scale export of electricity from renewable resources

International Nuclear Information System (INIS)

Eisgruber, Lasse

2013-01-01

The “resource curse” has been analyzed extensively in the context of non-renewable resources such as oil and gas. More recently commentators have expressed concerns that also renewable electricity exports can have adverse economic impacts on exporting countries. My paper analyzes to what extent the resource curse applies in the case of large-scale renewable electricity exports. I develop a “comprehensive model” that integrates previous works and provides a consolidated view of how non-renewable resource abundance impacts economic growth. Deploying this model I analyze through case studies on Laos, Mongolia, and the MENA region to what extent exporters of renewable electricity run into the danger of the resource curse. I find that renewable electricity exports avoid some disadvantages of non-renewable resource exports including (i) shocks after resource depletion; (ii) macroeconomic fluctuations; and (iii) competition for a fixed amount of resources. Nevertheless, renewable electricity exports bear some of the same risks as conventional resource exports including (i) crowding-out of the manufacturing sector; (ii) incentives for corruption; and (iii) reduced government accountability. I conclude with recommendations for managing such risks. - Highlights: ► Study analyzes whether the resource curse applies to renewable electricity export. ► I develop a “comprehensive model of the resource curse” and use cases for the analysis. ► Renewable electricity export avoids some disadvantages compared to other resources. ► Renewable electricity bears some of the same risks as conventional resources. ► Study concludes with recommendations for managing such risks

An economic evaluation of Peru's liquefied natural gas export policy

International Nuclear Information System (INIS)

Leung, Leonard; Jenkins, Glenn P.

2014-01-01

Peru's Camisea gas fields hold nearly 90% of the country's natural gas reserves. In the 1990s, the government had a policy to prioritize Camisea gas for domestic consumption. The revocation of this policy in the 2000s allowed private developers to export 40% of Camisea's proven reserves, equivalent to one third of Peru's total. This USD 3.9 billion liquefied natural gas (LNG) export project boasts the largest single foreign direct investment in Peru's history. A major component of the financing was granted by international financial institutions on economic grounds. While the project was expected to yield a substantial return to private investors, the export of one third of Peru's total proven natural gas reserves is not in line with its long-term interests. We undertake cost–benefit analyses for a series of scenarios, starting with the project's formative stage in the mid-2000s, and then in 2012, two years after it began its commercial operation. In all cases, Peru does not have sufficient reserves to warrant export, and the economic costs far exceed the benefits. This policy of LNG exports should not have been approved by the government, nor should the loans have been granted by international financial institutions to make it possible. - Highlights: • Peru's Liquefied Natural Gas project is creating an economic loss to the country. • Results of our analyses are robust for all scenarios considered. • The present value of the cost of replacing exported energy far exceeds tax revenue. • Projects cannot be approved based only on immediate benefits. • The potential opportunity costs of projects must be considered

Brand management of Slovenian export companies

Directory of Open Access Journals (Sweden)

Aleksandra Pisnik Korda

2008-07-01

Full Text Available This paper describes the characteristics of brand management in the context of the companies in Slovenia that are intensively engaged in the internationalization of their business operations. Using a sample of the 200 largest export companies in Slovenia, it explores the impact of internationalized business operations on the marketing mix component strategies to identify the most frequent internal and external hindrances to the internationalization that exert influence on the companies’ most important brands. The paper also analyzes the importance of long-term experience and knowledge of the market in the consolidation of brand effectiveness and the companies’ reputation and ascertains whether the companies with a higher level of internationalization employ a larger number of less tangible brand performance criteria than those with a lower level of internationalization.

An exporter's checklist

International Nuclear Information System (INIS)

Englot, P.

1995-01-01

The benefits of exporting goods and services was discussed. The article listed a summary of issues which could be referred to to assist with the development of an effective plan to export. Some issues to consider were: (1) analysis of the export market, such as political and cultural issues, local legislation, competition, infrastructure, transportation and logistics, (2) internal issues, such as people, equipment, capital, time, understanding of the risks, relocation and identification of all costs, (3) sources of support such as banks, government and transporters, (4) development of a solid payment plan. It was concluded that exporting was not for the faint-hearted. It can be expensive, and time consuming, however, if approached in the right spirit it could be highly rewarding. As a rule of thumb, the probability of success was said to be directly related to the amount of effort put into the preparatory phase. Potential exporters were reminded of the very strong infrastructure that exists in Canada to promote and support export initiatives, including all levels of government, financial institutions, freight forwarders and innumerable consultant/specialists

Renewables and exports: how Export Credit Agencies could help develop markets

International Nuclear Information System (INIS)

Volpi, G.; Salter, L.

2002-01-01

Future export markets for renewable energies have enormous potential, yet business-as-usual investment trends will not achieve that potential, write Giulio Volpi and Liam Salter. They examine the role that Export Credit Agencies - which have provided essential support for exports in the conventional energy business - could play in aiding the renewables sector, characterized as it is by small- and medium-sized enterprises. This new role will require certain reforms - but without those reforms the Export Credit Agencies will simply not be providing relevant services to new technologies and new market players. (author)

Pipeline capacity and heavy oil markets

International Nuclear Information System (INIS)

Scott, G.R.

1993-01-01

Aspects of transporting heavy crude to markets from Canadian sources are discussed, with reference to pipeline expansion, western Canadian crude supply, and exports to various Petroleum Administration for Defense Districts (PADDs) in the USA. Pipeline expansions have been proposed by Interprovincial Pipeline, Trans Mountain Pipeline, Rangeland, and Wascana, and some of these proposals are in the review stage. Western Canadian crude supply is expected to peak at 1.9 million bbl/d in 1996. An increase in heavy crude supply is expected but this increase will not be sufficient to offset a decline in light crude supply. Adequate pipeline capacity should exist with the Interprovincial expansion volume of 170,000 bbl/d and the Trans Mountain expansion of 38,000 bbl/d forecast to be in place by 1995. Canadian crude exports to the USA have steadily increased since 1989, and heavy crude exports have grown an average of 20,000 bbl/d each year. In PADD Region IV, oil production is declining and ca 20,000 bbl/d of heavy crude will be needed by the year 2000; additional pipeline capacity will be required. In PADD Region II, Canadian heavy crude imports are ca 390,000 bbl/d and further market opportunities exist, after the Interprovincial expansion is complete. When the various combinations of possible pipeline expansions or reversals are considered, a range of heavy crude near-term growth potentials is obtained in which Canadian heavy oil would displace offshore heavy oil supplied to USA refineries. This potential is seen to range from 35,000 bbl/d to 200,000 bbl/d. 7 refs., 20 figs., 3 tabs

Non-OPEC oil supply gains to outpace demand in 1997

International Nuclear Information System (INIS)

Beck, R.J.

1997-01-01

Rising oil supplies in 1997 will relax some of the market tightness that drove up crude prices last year. Worldwide demand for petroleum products in 1996 rose faster than anticipated and faster than supply from outside the Organization of Petroleum Exporting Countries. This increased demand for OPEC oil and pushed up prices for crude. At year end, the world export price of crude was up more than 25% from the same period a year earlier. Market conditions will change in 1997. While worldwide economic growth will continue to boost demand for energy and petroleum, non-OPEC petroleum supply will grow even more. Increases in North Sea and Latin American production will help boost non-OPEC output by 1.9 million b/d. And revenues from 1996 production gains will make additional investment possible in exploration and production. The paper discusses world economic growth, world oil demand, worldwide supply, supply outlook, prices and international drilling

Skill Acquisition in "High Tech" Export Agriculture: A Case Study of Lifelong Learning in Peru's Asparagus Industry

Science.gov (United States)

Carnoy, Martin; Luschei, Thomas F.

2008-01-01

As one of the world's largest exporters of asparagus, Peru has developed a high-tech system of asparagus production, processing and delivery that requires well-trained and responsive workers. In this study we examine the role of both private and public sectors in preparing workers for the asparagus industry and the implications of this skill…

Future role of the national oil companies in the world petroleum industry. [Of Arab states

Energy Technology Data Exchange (ETDEWEB)

Taher, A H

1977-11-01

The history and role of national (i.e., multinational companies owned by an oil-exporting or -producing country) oil companies are outlined as they relate to international political and economic events. The governments of oil-exporting countries saw national oil companies as a way to gain some control over prices and revenues and to participate in development and marketing decisions. National companies can be more responsive to government policies than multinational companies during times of shortages. They provide a business arm to the government, which is politically involved in supply negotiations with other governments. National companies are felt to have a more stable position in terms of supplies, although their supplies may not be any more abundant. Multinationals will need increasingly selective investment activities after 1980 as government regulation and intervention changes market conditions. National companies may want to turn the marketing of crude oil over to the multinationals, while cooperating with them in exploration projects and the transfer of alternative energy technology. (DCK)

Oil in the former Soviet Union: Historical perspectives, long-term outlook

International Nuclear Information System (INIS)

Reinsch, A.E.; Lavrovsky, I.; Considine, J.I.

1992-01-01

The complex, far-reaching changes that have come over the oil industry of the Russian Federation and other republics of the C.I.S. were reviewed. Three development scenarios were considered. In the reference case, the deterioration in C.I.S. oil production was stemmed by the middle of the decade, and as a result net exports were gradually tightened, placing upward pressure on world oil prices. The situation would reverse by 1997-98, with recovery in domestic oil production and increase in export volumes. In the best case scenario, successful integration of the oil industry into the international business community was assumed to result in the maintenance of drilling activity at the 1990 level. In the worst case scenario, it was assumed that the simmering social strife and political tensions in the oil producing regions were allowed to boil over, resulting in a dramatic reduction of drilling activity. One of the characteristics common to all three scenarios was the close linkage between developments in the domestic oil sector and the pattern of general economic activity. Conversely, it was stated that without a reliable and growing energy sector it was almost impossible to generate a plausible scenario in which economic growth and domestic product demand would move forward. A promising channel would be the establishment of supporting organizational frameworks through the regionalization of foreign investment. figs., tabs., refs

Examining the role of export competitive advantages on export performance

OpenAIRE

Yeganeh Alimohammadi; Reza Aghamousa; Fataneh Alizadeh Meshkani

2014-01-01

This paper investigates the role of export competitive advantage on export performance in food industry. The proposed study designs a questionnaire in Likert scale and distributes it among 280 randomly selected experts in food industry and Cronbach alpha has been calculated as 0.827. The study has applied factor analysis to find important factors influencing export performance. Kaiser-Meyer-Olkin Measure of Sampling Adequacy and Bartlett's Test of Sphericity have been performed to validate th...

Seed-specific overexpression of AtFAX1 increases seed oil content in Arabidopsis.

Science.gov (United States)

Tian, Yinshuai; Lv, Xueyan; Xie, Guilan; Zhang, Jing; Xu, Ying; Chen, Fang

2018-06-02

Biosynthesis of plant seed oil is accomplished through the coordinate action of multiple enzymes in multiple subcellular compartments. Fatty acid (FA) has to be transported from plastid to endoplasmic reticulum (ER) for TAG synthesis. However, the role of plastid FA transportation during seed oil accumulation has not been evaluated. AtFAX1 (Arabidopsis fatty acid export1) mediated the FA export from plastid. In this study, we overexpressed AtFAX1 under the control of a seed specific promoter in Arabidopsis. The resultant overexpression lines (OEs) produced seeds which contained 21-33% more oil and 24-30% more protein per seed than those of the wild type (WT). The increased oil content was probably because of the enhanced FA and TAG synthetic activity. The seed size and weight were both increased accordingly. In addition, the seed number per silique and silique number per plant had no changes in transgenic plants. Taken together, our results demonstrated that seed specific overexpression of AtFAX1 could promote oil accumulation in Arabidopsis seeds and manipulating FA transportation is a feasible strategy for increasing the seed oil content. Copyright © 2018 Elsevier Inc. All rights reserved.

More oil sand cooperation between Canada and Venezuela

Energy Technology Data Exchange (ETDEWEB)

1977-07-01

Venezuela has pioneered the production of heavy oil, according to Dr. A. Guzman-Reyes, director general of hydrocarbons for the Venezuelan government. The first heavy oil production began in Venezuela 60 yr ago and the oil industry has steadily improved methods of producing and handling heavy oil. The country's producing fields are capable of yielding almost one million barrels of heavy oil daily, although actual production, largely because of market limitations, is about 650,000 bpd. Canada's daily heavy oil production, including the 60,000 bbl of synthetic crude produced daily by the Great Canadian Oil Sands plant, is about 200,000 bbl. Dr. Guzman-Reyes stated that Venezuela intends to rapidly develop heavy oil production and upgrade facilities to maintain its export markets. The national oil company, Petroleos de Venezuela, plans to invest 4 times the amount spent on oil development over the last 60 yr during the next 10 yr, a total of $3 billion by 1980.

75 FR 47548 - President's Export Council Subcommittee on Export Administration; Notice of Recruitment of...

Science.gov (United States)

2010-08-06

... DEPARTMENT OF COMMERCE Bureau of Industry and Security President's Export Council Subcommittee on Export Administration; Notice of Recruitment of Private-Sector Members SUMMARY: The President's Export... their services. The PECSEA is seeking private-sector members with senior export control expertise and...

Oil price and the dollar

International Nuclear Information System (INIS)

Coudert, V.; Mignon, V.; Penot, A.

2007-01-01

Oil prices and the United States (US) dollar exchange rate are driving the evolution of the world economy. This paper investigated long-term relationships between oil prices and the US effective exchange rate. An empirical study was performed on oil prices and the dollar real effective exchange rate between 1974 to 2004. The impact of the dollar exchange rate was also explored, and the effects of oil prices on supply and demand were considered. A dynamic partial equilibrium framework study was evaluated in order to compare how other countries used revenues from oil exports in dollars. The study showed that both variables had similar evolutions when price fluctuations were low. Strong increases in the dollar were associated with lower oil prices. However, adjustment speeds of the dollar real effective exchange rate was slow. Co-integration and causality tests showed that oil prices influenced the exchange rate, and that the link between the 2 variables was transmitted through the country's net foreign asset position. It was concluded that higher oil prices improved US net foreign asset position in relation to other countries, and had a positive impact on dollar appreciation. 24 refs., 6 tabs., 1 fig

China's Exports Overtake Those of Japan%中国的出口超过日本

Institute of Scientific and Technical Information of China (English)

Frances Williams; 殷光文

2005-01-01

@@ China has overtaken Japan as the world's third largest exporter, the World Trade Organization said, after a surge1 in demand for its electronic goods led to a 35 per cent jump in the country's overseas sales. However, a slackening2 of the pace of investment by China and the US was likely to moderate3 economic activity and thus trade growth this year, the WTO said.

The united states and the world oil security. US oil policy and production of a global collective good

International Nuclear Information System (INIS)

Noel, P.

2004-07-01

The aim of this paper is to define and discusses the part of the Unites States in the world oil system operating and more particularly the US oil security policy in the world policy. It refutes some established ideas as the necessity of the US military supremacy to provide the oil security, the necessity of ''agreements'' with oil exporting countries facing the US energy consumption increase or the limitation of the resources access to other countries. At the opposite the United States seem to invest in the production of a global public good in matter of energy security. In order to illustrate this opinion the author defines the problem of the US oil security in a world context. He analyzes then the US policies to show the impacts in the world oil security and studies the specific part of the military factor in the security policy. (A.L.B.)

Examining the impacts of oil price changes on economic indicators: A panel approach

Science.gov (United States)

Lim, Kah Boon; Sek, Siok Kun

2017-04-01

The impact of oil price on global economy is evident from many studies and research findings. In this study, we extend the research on examining the impact of oil price changes on economic indicators in terms of economic growth and inflation by comparing different groups of economies (high income versus low income countries and oil importing versus oil exporting countries). Our main objective is to reveal if such impact varies across country income level/ development and oil dependency. In addition, we also seek to compare the impacts of oil price relative to the other factors indicators (money supply, foreign direct investment, exchange rate, government expenditure, inflation and gross domestic product) on economy. For the purpose of this study, the co-integration regression (DOLS and FMOLS) techniques are applied to the panel dataset of four groups of economies which contain 10 countries in each panel dataset. The analysis results show that oil price is not the main determinant although it can have a significant impact on inflation and economic growth across all groups of economies. The three main determinants of economic growth are exchange rate, aggregate demand and government expenditure while the determinants of inflation are aggregate supply and exchange rate. Furthermore, our result also concludes that oil price has a positive impact in oil exporting economies but it shows a negative impact in oil importing economies due to the oil dependency factor.

The oil boom in Equatorial Guinea

International Nuclear Information System (INIS)

Frynas, J.G.

2004-01-01

In less than a decade, Equatorial Guinea has transformed itself from an African backwater into one of the world's fastest growing economies and a sought-after political partner in the Gulf of Guinea. The sole reason for this transformation has been the discovery of oil and gas. This article outlines the rise of Equatorial Guinea as one of Africa's leading oil-producing countries and investigates the political, economic and social effects of becoming a petro-state. The article is based on the author's field research in Equatorial Guinea in the autumn of 2003 and interviews with senior oil company staff, government officials and staff of international organizations as well as secondary sources. This research demonstrates how reliance on oil and gas exports can lead to profound changes in a country's political economy. (author)

Economic effects of peak oil

International Nuclear Information System (INIS)

Lutz, Christian; Lehr, Ulrike; Wiebe, Kirsten S.

2012-01-01

Assuming that global oil production peaked, this paper uses scenario analysis to show the economic effects of a possible supply shortage and corresponding rise in oil prices in the next decade on different sectors in Germany and other major economies such as the US, Japan, China, the OPEC or Russia. Due to the price-inelasticity of oil demand the supply shortage leads to a sharp increase in oil prices in the second scenario, with high effects on GDP comparable to the magnitude of the global financial crises in 2008/09. Oil exporting countries benefit from high oil prices, whereas oil importing countries are negatively affected. Generally, the effects in the third scenario are significantly smaller than in the second, showing that energy efficiency measures and the switch to renewable energy sources decreases the countries' dependence on oil imports and hence reduces their vulnerability to oil price shocks on the world market. - Highlights: ► National and sectoral economic effects of peak oil until 2020 are modelled. ► The price elasticity of oil demand is low resulting in high price fluctuations. ► Oil shortage strongly affects transport and indirectly all other sectors. ► Global macroeconomic effects are comparable to the 2008/2009 crisis. ► Country effects depend on oil imports and productivity, and economic structures.

78 FR 77421 - Certain Oil Country Tubular Goods From India: Preliminary Affirmative Countervailing Duty...

Science.gov (United States)

2013-12-23

..., Saudi Arabia, Taiwan, Thailand, the Republic of Turkey, Ukraine, and the Socialist Republic of Vietnam... DEPARTMENT OF COMMERCE International Trade Administration [C-533-858] Certain Oil Country Tubular... producers and exporters of certain oil tubular goods (OCTG) from India. The period of investigation is...

Mideast crisis and pricing in the oil futures market

International Nuclear Information System (INIS)

Hamed, A.H.

1992-01-01

Futures prices and the corresponding expected future cash price on crude oil markets differ. The difference is hypothesized to be due to a time varying risk premium where risk is due to either cash price volatility, oil output volatility, or unanticipated oil price movement. And this risk is measured by the conditional variance of the forementioned sources of risk. Using the ARCH (Autoregressive Conditional Heterosckdasticity) model and its extensions this study addresses the determination of the time varying risk premium. Political unrest in the Mideast oil exporting countries is hypothesized to be a determinant of the time varying risk premium in the oil futures market. The empirical tests allow informative inferences to be drawn on the role of political unrest in pricing oil

Inward Processing Regime Promotion System in Vegetable Oil Industry: A Case Study of Turkey

Directory of Open Access Journals (Sweden)

Sinan Duru

2017-04-01

Full Text Available This study was conducted to determine applicability of the Inward Processing Regime (IPR in enterprises which are vegetable oil producers and exporters. The data was obtained from 26 vegetable oil producer and exporter enterprises by using survey method. Frequency tables, indices, and percentage calculating were used to analyse Data. Also, SWOT analysis was used to determine the strengths, weaknesses, opportunities and threats in the sector, and relationship among some variables were examined with correlation coefficient. According to research findings, 25 of the enterprises (96% utilised the IPR. Since the enterprises started to use that system; availability of cheap raw material, rate of capacity utilisation, market share, and export value all have increased. In addition, raw material was found as an important expense item, and the most important problems were qualified as raw material inadequacy and high input prices.

FY 2000 report on the research cooperation project - Research cooperation in developmental support for oil producing countries. Development of the new field of usage of Orinoco oil for fuel of gas turbine combined power generation; 2000 nendo san'yukoku kaihatsu shien kenkyu kyoryoku jigyo seika hokokusho. Gasu tabin fukugo hatsuden nenryo muke Orinoko oil no shin yoto kaihatsu

Energy Technology Data Exchange (ETDEWEB)

NONE

2001-09-01

For the purpose of spreading the usage of Orinoco crude oil which is suffering from sluggishness in the export and heightening the economical efficiency in Venezuela, research cooperation was made for a project for reduction of the power cost and environmental loads in Japan by producing the advanced gas turbine use fuel oil from Orinoco oil and exporting it to Japan. In this project, conducted were the technical verification that the gas turbine use fuel oil (GTF) can be produced from Orinoco oil and the economical verification based on the result thereof. As a result of the technical verification, it was confirmed that from the Orinoco crude oil which is heavy, high in sulfur and high in heavy metal concentration, a refined oil satisfying the following properties of the advanced gas turbine fuel oil could be trial-produced using the distilling unit, SDA unit, desulfurizer and de-metaling unit: vanadium concentration: 0.5 wtppm or below; sodium + potassium concentration: 1.0 wtppm or below; viscosity: 20 cSt or below at 135 degrees C. Further, from the economical verification, the good result was obtained that the price was lower than the LNG price and the domestic price of A heavy oil/C heavy oil. (NEDO)

Demand Uncertainty: Exporting Delays and Exporting Failures

DEFF Research Database (Denmark)