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)

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

Russian crude-oil production and export still increasing

International Nuclear Information System (INIS)

Purho, P.

2001-01-01

Russian crude-oil production is still increasing. In 2000 the annual production 6.48 mb/d was about 6% higher than a year before. In 2001 the production is expected to rise near the level 7 mb/d, so the increase in production volume is fast. However, the production is still far away from the maximum level of the former Soviet Union, 12 mb/d. At the moment Russia is the second largest oil producer right after Saudi Arabia. The increase in production is based on intensified use of old oil fields caused by improved technology. The oil export of Russia far abroad in 2000 was 2.5 mb/d and near abroad into FSU countries only about 180 000 b/d. The recent export of crude-oil has been near the maximum export capacity corresponding to 2.7 mb/d. About 61 million tons of oil products were exported in 2000, and even the export of oil products is increasing. Most of this was gas oil and heavy fuel oil, but also the export of gasoline was significant. The export of oil and oil products is mainly based on shipments, but also the share of train transport is high. Nearly all the crude oil is transported west either by ships or via pipelines. The share of railway transport is only few percents. Russia will continue its own oil pumping policy despite of the appeals of OPEC for reduction of oil production. Opinion in Russia is that if the increase of production and export serves the interests of Russia, it will also be carried out. The target value for crude oil for 2002 is 22 USD per barrel. The Russian crude oil production is estimated to grow up to 7.4 - 8.4 mb/d by the year 2010

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)

Exports of crude oil, 1988

International Nuclear Information System (INIS)

1989-06-01

Effective June 1, 1985, licensing and charging of oil exports ended. The Board now issues export orders specifying neither volumes nor prices and covering an exportation period of up to 1 year for light crude oil and up to 2 years for heavy crude oil, available on request to both Canadian and foreign companies. The Board has assumed a monitoring role, and export prices and volumes are reported monthly by exporters. This annual report provides a review of the volumes and prices associated with the supply and disposition of Canadian crude oil during 1988. Highlights are given with detailed information on prices, both internationally, in Canada, and the Chicago posted price by light or heavy crude, and on volumes including capacity and disposition in both domestic and export markets. A short description of the import market is included. Comparisons are made with the previous year. Export volumes of light crude oil in 1988 increased by 13% to average 50,200 m 3 /d. Export volumes of heavy crude also increased by ca 13% to 62,600 m 3 /d. 15 figs., 2 tabs

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

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.

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

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.

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 ...

Estimation of the Impacts of Non-Oil Traditional and NonTraditional Export Sectors on Non-Oil Export of Azerbaijan

Directory of Open Access Journals (Sweden)

Nicat Hagverdiyev

2016-12-01

Full Text Available The significant share of oil sector of the Azerbaijan export portfolio necessitates promotion of non-oil exports. This study analyzes weather the commodities which contain the main share (more than 70% in non-oil export are traditional or non-traditional areas, using the so-called Commodity-specific cumulative export experience function, for the 1995-2015 time frame. Then, the impact of traditional and non-traditional exports on non-oil GDP investigated employing econometric model. The results of the study based on 16 non-oil commodities show that cotton, tobacco, and production of mechanic devices are traditional sectors in non-oil export. The estimation results of the model indicate that both, traditional and non-traditional non-oil export sectors have economically and statistically significant impact on non-oil GDP.

Ex-Soviet Union: oil exporter or importer

International Nuclear Information System (INIS)

Khartukov, E.M.

1993-01-01

Perestroika of the Soviet economy and the political disintegration of the USSR have raised questions about the international ramifications of the ongoing economic and political developments in the world's largest oil-producing country. First of all, it relates to their impact on the quantity and quality of oil exports from the former Soviet Union (FSU). On the other hand, the opening of the national oil industry to foreign investors focuses their ever growing attention on the complicated internal, inter-republic oil issues which emerged after the sudden fragmentation of the Soviet oil empire into a dozen of sovereign but still interdependent parts. 1 fig., 7 tabs

Net oil exports embodied in China's international trade: An input–output analysis

International Nuclear Information System (INIS)

Tang, Xu; Zhang, Baosheng; Feng, Lianyong; Snowden, Simon; Höök, Mikael

2012-01-01

As the world's second largest oil importer, China has been one of the important factors which affect the global oil market. In recent years, China has attained great international trade surplus through exporting a large number of “Made in China” products even during the global economic crisis. Due to direct and indirect effects in production chain, each 'Made in China' product contains oil directly or indirectly. China is exporting much oil through “Made in China” products, which is not often considered even within China. An input–output model is established to calculate oil embodied in the international trade of China. The research results suggest the following: China's net oil exports embodied in the international trade were 87.02 million tonnes in 2007; manufacture of communication equipment, computers and other electronic equipment is the largest sector to export embodied oil; United States, China Hong Kong SAR and Netherlands are the top three countries and regions which benefit most from the embodied oil in “Made in China” products. China's adjusted degree of dependence on foreign oil is 24.9% in 2007, and 38.4% in 2011 if net oil exports embodied in international trade are considered. -- Highlights: ► Model is established based on IO analysis to calculate the net oil exports embodied in China's international trade. ► China's net oil exports through “Made in China” products are 87 million tones in 2007. ► United States, China Hong Kong SAR and Netherlands benefit most from the embodied oil in China's international trade. ► China's degree of dependence on foreign oil can be reduced obviously if oil embodied in international trade are considered.

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.

Export Variety and Country Productivity

OpenAIRE

Feenstra, Robert; Looi Kee, Hiau

2004-01-01

The authors study the link between export product variety and country productivity based on data from 34 industrial and developing countries, from 1982 to 1997. They measure export product variety by the share of U.S. imports on the set of goods exported by each sampled country relative to the world. It is a theoretically sound index which is consistent with within-country GDP maximization...

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.

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...

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

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

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

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.

Ex-USSR: Oil exporter or importer?

International Nuclear Information System (INIS)

Khartukov, E.M.

1993-01-01

Political disintegration and economic perestroika in the former Soviet Union (FSU) have major international ramifications and some of these can be found in the oil sector. An overview is presented of the FSU oil industry, including the conditions preceding and following the breakup. Early effects of the breakup included shortages of liquid fuels and the introduction of a strict export quota and license system. The likelihood of disruptions in oil exports, caused by political clashes between Russia and the other oil-transporting republics is low. Rapid decentralization of the Soviet oil trade is likely to bring forth currency-starved national exporters that may add substantially to international market competition and further undercut unstable world oil prices. In the short term, the FSU oil industry will suffer from inevitable imbalances which will manifest themselves in regional oil shortages and gluts spreading towards neighbouring international markets. In the medium and longer term the cooperating parts will become more self-reliant or infrastructurally independent and will speed natural growth and integration into neighbouring petroleum markets. Crude oil and oil product balances of the FSU republics are presented. 2 refs., 2 figs., 7 tabs

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

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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.

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

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

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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.

Export Credit Insurances in Developing Countries: The Case of Turkey and IMT Countries

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Cihat Koksal

2018-05-01

Full Text Available Export credit insurance is one of the substantial tools to promote export in a country. This paper endeavours to find out the effect of Export Credit Insurance covered by Export Credit Agencies on the developing countries’ export figures and GDP. The countries subject to the analysis are Turkey and Indonesia, Malaysia, Thailand also known as IMT Countries. The relationship between export value, economic growth and export credit insurances will be analyzed using Vector Autoregression (VAR Model.

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

EMPLOYMENT EFFECT OF INDONESIA’S NON-OIL EXPORT

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Nur Feriyanto

2011-09-01

Full Text Available Indonesian government needs both domestic and foreign investments to accelerate its economic development. The investments enable promoting export and creating higher employment level. This research uses a path analysis method to analyze time series data of the period 1990 to 2009. It finds that both domestic and foreign direct investments significantly and positively influence Indonesia’s non-oil exports. In addition, it suggests that non-oil export performance can eventually lead to an increase in employment level in Indonesia. The policy implication of these results is that Indonesian government should encourage investment to promote export and absorb more labor. Keywords: Foreign direct investment, domestic investment, non-oil export, labor absorptionJEL classification numbers: F42, F43

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

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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

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

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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.

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

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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.

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)

Exports of petroleum products, 1987

International Nuclear Information System (INIS)

1988-04-01

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 1987 calendar year. A discussion of petroleum product imports is included in order to put exports in the context of the overall trade. Exports of the above petroleum products averaged 22,200 m 3 /d in 1987, up 15% from 1986 levels. Exports of middle distillates and aviation fuel had the largest gains in 1987. Export prices for light petroleum products stayed relatively close to USA spot prices. The heavy fuel oil price was below the New York spot price in the beginning of 1987 but remained close for the rest of the year. Canada's petroleum products exports were made to 5 countries while imports came from at least 13 countries. The USA remained Canada's largest trading partner in petroleum products. Exports to Japan and the Far East rose ca 60% over 1986. Product outturns for export were 9% of total Canadian refinery throughput. Exports of aviation turbine fuel from Ontario began in April 1987. The top single exporter in Canada was Irving Oil Ltd. with 2,485,000 m 3 . Irving was also the top exporter in 1986. 11 figs., 4 tabs

Global Integration, Non-Oil Export and Economic Growth in Nigeria

Directory of Open Access Journals (Sweden)

Ozoemena Stanley Nwodo

2017-03-01

Full Text Available This study focuses on global integration, non-oil export and economic growth in Nigeria. The direct and interaction effect of the both openness variables and non-oil export on economic growth in Nigeria is investigated using quarterly data from 1986-2014. For analysis, it uses one measures of financial openness: de facto (total capital flow variables following Aizenman and Noy (2009.and a measure of trade openness adopted by Okoh (2004. The study applies the Autoregressive Distributed Lag Model (ARDL. The results show positive impact of non-oil export on economic growth in Nigeria both in the short run and in the long run, negative effect of trade and financial openness on economic growth however, the result recorded a negative effect of the interaction of trade openness and non-oil export on economic growth and a positive effect of the interaction of financial openness and non-oil export on economic growth. Thus, the study recommends among others that government should get the fundamentals right in the economy first that will boost non-oil sector before opening the economy for trade.

Energy conservation: an alternative for investment in the oil sector for OPEC member countries

International Nuclear Information System (INIS)

Zamani, M.

2005-01-01

Investment in the oil sector is the main policy of expanding net crude oil export capacity in OPEC Member Countries. The other alternative should be improving energy conservation policies. Since these countries benefit from cheap energy sources, it is reasonable to expect inefficient use of energy in their economies, resulting in relatively high energy intensity. This paper deals with the causality relationship between energy consumption and gross domestic product (GDP). First, stationary tests are run. Second, if there is a cointegrating relationship, an error correction model is applied; otherwise a standard Granger causality test is conducted. It was discovered that for all OPEC Member Countries we cannot statistically accept causality running from energy to GDP. Therefore, not only are proper conservation policies not a threat to economic growth, they also lead to an expansion of oil export capacity. (author)

Exports of Palm Oil from Ghana: A Demand Analysis

OpenAIRE

Kuwornu, John K.M.; Darko, Francis A.; Osei-Asare, Yaw B.; Egyir, Irene S.

2009-01-01

Studies have shown that the economy of Ghana cannot afford to rely solely on cocoa exports. It is imperative to diversify the export base of the Ghanaian economy. In this respect, the palm oil sub-sector of the agricultural sector, which until the early part of the 20th century was the major agricultural export commodity of Ghana, needs to be considered for promotion. Currently the palm oil industry faces the challenge of bleak export potential. This study examines trends in the quantity expo...

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 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

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.

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.

Oil market in the 1990s: implications for ESCWA countries

International Nuclear Information System (INIS)

Gault, J.; Karbassioun, B.

1992-01-01

This paper, prepared for the ESCWA Expert Group Meeting in Amman, Jordan, 20-23 November 1989, concerns the outlook for oil markets in the coming decade and the implications of certain market trends for the ESCWA countries, including both the energy exporting and energy importing members of ESCWA. It is argued that increasing oil consumption may well bring world oil production close to physical capacity before the end of the 1990s, thereby provoking an increase in real oil prices. It is further argued that the uncertainty surrounding this scenario is asymmetric; it is more likely that real oil prices will rise than that they will remain stable or fall. Other major trends, including enhanced worldwide concern for the environment and the bilateralization of world trade, also will affect ESCWA countries. The authors conclude that member countries should expand petroleum exploration activities, improve the operating efficiency of their national oil companies, bring domestic energy prices into line with world markets, expand natural gas development and marketing efforts, participate in multilateral trade negotiations, and expand co-ordination in all energy matters. (Author)

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

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...

Horticultural Exports of Developing Countries: Issues under WTO Regime

Directory of Open Access Journals (Sweden)

Deepak Shah

2008-03-01

Full Text Available This paper seeks to evaluate the present and future prospects of developing and developed countries in agricultural exports in general and in horticultural exports in particular. The study also evaluates the behaviour of international export prices for agricultural commodities, both for developing and developed nations. In general, this study provides an insight into the direction in which various developed and developing countries are heading for insofar as their agricultural and horticultural exports are concerned in the changed market conditions. The study has made a few major observations. First, the study shows decline in market share of developing countries’ in world agricultural exports in the face of marginal increase in their market share in world fruits and vegetable (F&V exports during the period between 1981 and 1997. Second, although the study shows lower market share of developing countries’ in world F&V exports during the period between 1981 and 1997, the growth in F&V exports as proportion of total agricultural exports is noticed to be much faster for developing countries’ as against the developed countries’ during the same period. Third, though agricultural exports of Least Developed Countries (LDC have grown only marginally between 1981 and 1997, the growth in their F&V exports is seen to have been tremendous, especially after the late eighties period. Similarly, Socialist Countries of Asia (SCA and developing countries of Oceania have also shown sharp increases in their F&V exports after the late eighties period. Fourth, while except America, other Africa and Oceania, all the developing countries have shown decline in their market share in total F&V exports of Developing Market Economies (DME, Asia shows rise in its market share not only in agriculture but also in F&V exports of DME. Another major observation of this study is in terms of instabilities in export prices. The instabilities in export prices of agricultural

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

78 FR 77420 - Certain Oil Country Tubular Goods From the Republic of Turkey: Preliminary Negative...

Science.gov (United States)

2013-12-23

..., the Republic of the Philippines, Saudi Arabia, Taiwan, Thailand, the Republic of Turkey, Ukraine, and... DEPARTMENT OF COMMERCE International Trade Administration [C-489-817] Certain Oil Country Tubular... provided to producers and exporters of certain oil tubular goods (OCTG) from the Republic of Turkey (Turkey...

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)

E-government factors to reduce administrative and finance corruption in Arab countries: Case study Iraqi oil sector

Science.gov (United States)

Mohammed, M. A.; Eman, Y.; Hussein, A. H.; Hasson, A. R.

2015-12-01

Arab countries face the corruption issues in its several public organizations. The corruption in these countries is considered as the main challenge. The oil sector is one of the public sectors that have huge level of corruption. However, the Iraqi economy had become dependable on oil sector daring the last three decades, and on the contrary, of what other oil countries did. The capital is considered as one of the essential factor for economic development. The revenues of oil exports will stay the essential source for economic development in Iraq in the future in order to reduce being dependable on oil. Since the beginning of the 3rd thousands, the world witnessed great rise in the demand on oil, but the Iraqi exports of crude oil come to be less than its similarities in the seventeenths of last century. So our oil sector is still in need of deep study. This study focuses on technological technique that can make huge decrease for corruption in oil sector in Iraq. However, e-government is considered as the best techniques that can decrease the corruption. Thus, this study bases on challenges that effect on build successful e-government project in Iraqi oil industry.

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

Export opportunities in developing countries

International Nuclear Information System (INIS)

Sullivan, J.

1992-01-01

Developing countries will offer major opportunities to US exporters of energy and related environmental equipment in the next ten years. These opportunities arise because the markets in developing countries will be growing much faster than those in the developed countries during this period, and because these countries will not in most cases have strong domestic manufacturers to compete against. US technologies will help these countries solve their energy, environmental, and economic development problems, and help the US solve its serious trade balance problems. This market will represent over $200 billion between now and 2000. There are, however, many potential problems. These include a lack of focus and coordination among US government trade assistance organizations, a lack of interest on the part of US firms in exporting and an unwillingness to make the needed investments, barriers put up by the governments of potential foreign customers, and strong international competition. This paper describes how the United States Agency for International Development's (A.I.D.) Office of Energy and other US agencies are helping US firms resolve these problems with a comprehensive program of information, trade promotion assistance, and co-funding of feasibility studies. In addition, there are monies available to match unfair concessionary financing offered by our major competitors

Oil price shocks and stock markets in the U.S. and 13 European countries

International Nuclear Information System (INIS)

Park, Jungwook; Ratti, Ronald A.

2008-01-01

Oil price shocks have a statistically significant impact on real stock returns contemporaneously and/or within the following month in the U.S. and 13 European countries over 1986:1-2005:12. Norway as an oil exporter shows a statistically significantly positive response of real stock returns to an oil price increase. The median result from variance decomposition analysis is that oil price shocks account for a statistically significant 6% of the volatility in real stock returns. For many European countries, but not for the U.S., increased volatility of oil prices significantly depresses real stock returns. The contribution of oil price shocks to variability in real stock returns in the U.S. and most other countries is greater than that of interest rate. An increase in real oil price is associated with a significant increase in the short-term interest rate in the U.S. and eight out of 13 European countries within one or two months. Counter to findings for the U.S. and for Norway, there is little evidence of asymmetric effects on real stock returns of positive and negative oil price shocks for oil importing European countries. (author)

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)

China and the Manufacturing Exports of Other Developing Countries

OpenAIRE

Gordon H. Hanson; Raymond Robertson

2008-01-01

In this paper, we examine the impact of China's growth on developing countries that specialize in manufacturing. Over 2000-2005, manufacturing accounted for 32% of China's GDP and 89% of its merchandise exports, making it more specialized in the sector than any other large developing economy. Using the gravity model of trade, we decompose bilateral trade into components associated with demand conditions in importing countries, supply conditions in exporting countries, and bilateral trade cost...

Optimal capital accumulation and the allocation of investment between traded and nontraded sectors in oil-producing countries.

NARCIS (Netherlands)

van Wijnbergen, S.J.G.

1985-01-01

A paper on the optimal capital accumulation and allocation of investment in oil exporting countries. Investigates the basis of consumption and investment levels on optimizing forward-looking behavior, the role of physical capital in the production, the impact of the decline in oil revenues on the

Small and medium-sized enterprises’ exporting: Home and host country motivators effect on first and successive export venture decisions

Directory of Open Access Journals (Sweden)

Vassilios Stouraitis

2016-06-01

Full Text Available The aim of the paper is to investigate the internationalization (particularly exporting of small and medium-sized enterprises (SMEs taking a sample of United Kingdom (UK SMEs for the use in economic policy, academia and management. It focuses on the critical first and less risky step towards internationalization and separates the motivators into home country and host country. The paper investigates 44 specific, high impact, pre-selected exporting motivators from the literature and tests their effect on the firm’s initial export decision and latest (or sequential export decision. Results show that the first exporting choice affects later exporting choices and both are mostly affected by home country-specific, internal, motivators as opposed to host country-specific reactive motivators. In addition regionalization shows an association as European Union membership of the UK showed a relationship to subsequent entry mode choice. The paper’s results are of use to policy-makers and management.

High‐Tech Export from the V4 Countries – Structure and Factors

Directory of Open Access Journals (Sweden)

Judyta Lubacha-Sember

2013-03-01

Full Text Available The purpose of this article is to verify the relation between the value of high‐tech export and the value of intellectual capital assets. At the first stage of the study, an analysis of the value and structure of high‐tech export in the V4 countries was performed. At the second stage, the Synthetic Intellectual Capital Asset Index (ICA was calculated using the Perkal index. At the last stage, in order to examine the relation between the value of high‐tech export and the value of intellectual capital assets, an estimation of panel models for selected variables was performed. The results of analysis show that the value of high‐tech export from the V4 countries varies, and the V4 countries score lower in the ranking of EU countries arranged by the value of ICA is than in the ranking of EU countries arranged by the value of high‐tech export. The  relation  between  the  value  of  high‐tech export and the value of ICA was negative for the V4 countries, but models created with the data for all EU countries showed a positive correlation. Identify the causes of such a situation could be very valuable.  Linking  intellectual  capital  assets to  the  high‐tech export could be helpful to find the sources of the high level of exports in this sector.

Climate-related electricity demand-side management in oil-exporting countries--the case of the United Arab Emirates

International Nuclear Information System (INIS)

Al-Iriani, Mahmoud A.

2005-01-01

The oil crisis of the 1970s has increased the concern about the continuity of oil imports flow to major oil-importing developed countries. Numerous policy measures including electricity demand-side management (DSM) programs have been adopted in such countries. These measures aim at reducing the growing need for electricity power that increases the dependency on imported foreign oil and damages the environment. On the other hand, the perception that energy can be obtained at very low cost in oil-rich countries led to less attention being paid to the potential of DSM policies in these countries. This paper discusses such potential using the case of the United Arab Emirates (UAE). Since air conditioning is a major source of electric energy consumption, the relationship between climate conditions and electric energy consumption is considered. An electricity demand model is constructed using time series techniques. The fitted model seems to represent these relationships rather well. Forecasts for electricity consumption using the estimated model indicate that a small reduction in cooling degrees requirement might induce a significant reduction in electric energy demand. Hence, a DSM program is proposed with policy actions to include, among others, measures to reduce cooling degrees requirement

The role of diversification strategies in the economic development for oil-depended countries: - The case of UAE

OpenAIRE

Ahmed Zain Elabdin Ahmed

2015-01-01

Diversification strategies adopted by oil-depended economies' played an important role in the economic development in these countries, which rely heavily on oil exports. UAE as an oil-dependency economy has the type of strategy to diversify the sources of its national income and reduce its dependence on oil to counter the instability in global oil prices. This paper seek to investigate whether the diversification strategies adopted by (UAE) is adequate to manage its economic development. T...

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

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

15 CFR 1300.1 - Reporting of exports of technology to nonmarket economy countries.

Science.gov (United States)

2010-01-01

... nonmarket economy countries. 1300.1 Section 1300.1 Commerce and Foreign Trade Regulations Relating to... § 1300.1 Reporting of exports of technology to nonmarket economy countries. (a) For purposes of complying... the export of technology to a nonmarket economy country, exporters of such technology shall be deemed...

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 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.

Oil vulnerability index of oil-importing countries

International Nuclear Information System (INIS)

Gupta, Eshita

2008-01-01

This paper assesses the relative oil vulnerability of 26 net oil-importing countries for the year 2004 on the basis of various indicators - the ratio of value of oil imports to gross domestic product (GDP), oil consumption per unit of GDP, GDP per capita and oil share in total energy supply, ratio of domestic reserves to oil consumption, exposure to geopolitical oil market concentration risks as measured by net oil import dependence, diversification of supply sources, political risk in oil-supplying countries, and market liquidity. The approach using the principal component technique has been adopted to combine these individual indicators into a composite index of oil vulnerability. Such an index captures the relative sensitivity of various economies towards developments of the international oil market, with a higher index indicating higher vulnerability. The results show that there are considerable differences in the values of individual indicators of oil vulnerability and overall oil vulnerability index among the countries (both inter and intraregional). (author)

Oil vulnerability index of oil-importing countries

Energy Technology Data Exchange (ETDEWEB)

Gupta, Eshita [The Energy and Resources Institute, Darbari Seth Block, Habitat Place, New Delhi 110 003 (India)

2008-03-15

This paper assesses the relative oil vulnerability of 26 net oil-importing countries for the year 2004 on the basis of various indicators - the ratio of value of oil imports to gross domestic product (GDP), oil consumption per unit of GDP, GDP per capita and oil share in total energy supply, ratio of domestic reserves to oil consumption, exposure to geopolitical oil market concentration risks as measured by net oil import dependence, diversification of supply sources, political risk in oil-supplying countries, and market liquidity. The approach using the principal component technique has been adopted to combine these individual indicators into a composite index of oil vulnerability. Such an index captures the relative sensitivity of various economies towards developments of the international oil market, with a higher index indicating higher vulnerability. The results show that there are considerable differences in the values of individual indicators of oil vulnerability and overall oil vulnerability index among the countries (both inter and intraregional). (author)

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)

Exports of petroleum products, 1988

International Nuclear Information System (INIS)

1989-04-01

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 1988 calendar year. A discussion of petroleum product imports is included in order to put exports in the context of the overall trade. Exports of the above petroleum products averaged 32,000 m 3 /d in 1988, up 44% from 1987 levels. Each product except aviation fuel registered increases in export volumes, which reached the highest total volume of the decade. The main reason for the large increase was the first full year of production from the export-directed refinery at Come By Chance, Newfoundland. Export prices for light petroleum products stayed relatively close to USA spot prices. The heavy fuel oil price was mostly above the USA east coast spot price during 1988. Attractive prices on the USA east coast resulted in a few cargoes of middle distillate and motor gasoline shipped from British Columbia. Petroleum products imports came from 12 countries; Quebec had the largest volume of imports in 1988. The USA remained Canada's largest trading partner in petroleum products. Western exporters view the Far East as an ongoing important market. The top single exporter in Canada was Newfoundland Processing, with 32% of the total export volume. 12 figs., 3 tabs

Causality Relationship Between Import, Export and Growth Rate in Developing Countries

Directory of Open Access Journals (Sweden)

Serhat YUKSEL

2017-06-01

Full Text Available In this paper, we tried to determine the relationship between imports, exports and growth rate in developing countries. Within this scope, 6 developing countries (Argentina, Brazil, China, Malaysia, Mexico and Turkey were analyzed in this study. In order to achieve this purpose, annual data for the periods between 1961 and 2014 was tested by using Engle Granger co-integration analysis, Vector Error Correction Model and Toda Yamamoto causality analysis. According to the result of the analysis, it was determined that there is not any relationship among three variables in Brazil and Mexico. On the other hand, we defined that increase in export causes higher growth rate in Argentina. Moreover, it was concluded that there is a causal relationship from import to export in China and Turkey. Furthermore, it was determined that export causes higher import in Malaysia. Therefore, it can be concluded that the relationship between import, export and growth rate is not same for all developing countries..

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.)

Use of migrants' remittances in labor-exporting countries.

Science.gov (United States)

Chandavarkar, A G

1980-06-01

For many developing countries, migrant workers' remittances comprise a substantial proportion of foreign exchange earnings. The most important macroeconomic requisite for inducing remittances through official channels is a realistic single rate of exchange for the currency of the labor exporting country. Convenient facilities for holding remittances in approved foreign currency accounts with banks in the country of origin are another useful incentive for attracting migrants' funds. In addition, policies must be formulated to ensure the optimal use, sectoral and regional, of cash remittances. There is a choice between consumption, saving, and investment. Generally, remittances have contributed little to the longterm development potential of most labor exporting countries. This reflects the lack of a coherent policy to mobilize the savings from remittances into productive investment. The 1st priority, given the lack of financial and managerial skills in many migrant households, is the creation of a specialized institution or specialized units within existing banks for remittances. It is important as well to ensure that remittances are utilized to inculcate a savings psychology among recipients. This can be achieved through the creation of contractual savings schemes and the linkage of savings to credit facilities. Such measures are contingent upon an adequate spread of banking facilities in rural areas and the development of an appropriate intermediate financial technology in the labor exporting countries. Institutional banking will have to adapt lending procedures to the viability of projects rather than to the availability of collateral. Advantageous interest rates in rural areas are also necessary to redress the urban bias of the financial system in developing countries.

The economic growth of oil countries; La croissance economique des pays petroliers

Energy Technology Data Exchange (ETDEWEB)

Arbod, G

2007-02-15

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)

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 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.

Real purchasing power of oil revenues for OPEC Member Countries: a broad currency basket and dynamic trade pattern approach

International Nuclear Information System (INIS)

Mazraati, M.

2005-01-01

The purpose of this paper is to examine the real purchasing power of OPEC Member Countries' oil revenues, which are subject to 'the value of the US dollar vis-a-vis other major currencies' and 'world imported inflation'. The exponential weighting average formula with a broad basket of currencies is suggested. The basket of currencies is labelled as a broad currency basket and includes the major trading partners of OPEC Member Countries. The weights are normalized OPEC import shares of the countries of the basket and are updated and adjusted every year to incorporate a gradual change in the trade pattern. In other words, the dynamic trade pattern approach is incorporated in the calculations. The nominal dollar oil revenues of OPEC Member Countries are about $5,099 billion during 1970 to 2004, of which $3,725 bn (73 per cent) have been lost due to imported inflation and the dollar's depreciation. Imported inflation and dollar depreciation have had a respective 78.6 per cent and 21.4 per cent contribution to the losses of the purchasing power of OPEC Member Countries. The imported inflation rate approaches a stable low level, but OPEC still has a lot of concerns on dollar swings. The euro offers opportunities for many oil-exporting nations that have extensive trade relations with Euro-zone countries. Payments for oil exports can be invoked in euros at the prevailing dollar-euro rate on the day of a given contract, or any other trigger formula. This would immunize a major portion of OPEC oil revenues from dollar depreciation. (author)

The role of diversification strategies in the economic development for oil-depended countries: - The case of UAE

Directory of Open Access Journals (Sweden)

Ahmed Zain Elabdin Ahmed

2015-03-01

Full Text Available Diversification strategies adopted by oil-depended economies' played an important role in the economic development in these countries, which rely heavily on oil exports. UAE as an oil-dependency economy has the type of strategy to diversify the sources of its national income and reduce its dependence on oil to counter the instability in global oil prices. This paper seek to investigate whether the diversification strategies adopted by (UAE is adequate to manage its economic development. The methodology employed in this study is to examine the contribution of diversified sectors based on the country's GDP especially during and after the global financial crisis (2008-2012 using statistical analysis procedure. The results confirm that investment in different sectors rather than oil would have substantially improved the performance UAE economy.

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 ...

A Comparative Analysis of the Impact of Agricultural Exports on Economic Growth of ECOWAS Countries

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Richardson Kojo Edeme

2016-10-01

Full Text Available Towards the acceleration of the attainment of sustainable growth, most countries have focused on agricultural exports as a means of driving their economy. Developing countries of Africa are highly dependent on the agricultural sector and agricultural exports are a major determinant of economic growth of these countries. However, the impact of agricultural exports on economic growth of ECOWAS countries remains unclear. This study therefore evaluates the impact of agricultural exports on the economic growth of fifteen ECOWAS countries using panel data for the period 1980–2013. Variables employed are labour force participation rate, capital stock, agricultural exports, non-agricultural exports, inflation and economic growth. The results of the fixed-effect model show that agricultural exports have not impacted significantly on the economic growth of ECOWAS countries such as Côte d’Ivoire and Nigeria with respect to the Republic of Benin, which is the selected baseline. The study also analysed the country combined effect of the agricultural exports and found that it was significant but the rate of impact was weak. The study recommends, among others, that even though agricultural exports had a significant impact on economic growth, there is still a need for ECOWAS governments to improve their agricultural sector as its significance is more noticeable in some countries such as Côte d’Ivoire and Nigeria.

Implications for the Venezuelan oil industry of new environmental regulations in consumer countries

International Nuclear Information System (INIS)

Sanchez M, J.C.

1992-01-01

New and tighter environmental regulations are being enacted in major oil consumer countries, inducing a reshaping of oil business strategies and operations in oil exporting countries. The priority areas include air and water pollution control, waste management, conservation of natural resources and oil spill control among others. This paper summarizes the more significant of those regulations in the U.S.A. and Europe, their aims, as well as the implications for Petroleos de Venezuela, S.A. (PDVSA) in terms of investment in new product specifications and pollution prevention programmes. A review of the Venezuelan environmental regulations has also been done recently, and the necessary investment to comply with the new national standards in existing installations are estimated in US$500 million for the period 1992-1996. Investment in local environmental protection, associated with the new installations in Venezuela for manufacturing cleaner products during the same period, are included in the costs of these installations presented in this document. (author)

Current Account Balance and Export Performances: Evidence Based on New EU Countries

Directory of Open Access Journals (Sweden)

Bogdan Željko

2017-11-01

Full Text Available In this paper, we investigate whether the differences in the current account balance and export performances for a new EU countries are a result of exchange rate policies. The analysis shows that countries with a flexible exchange rate have better export performances and the current account balance in the pre-crisis period. The obtained results show that movements in the current account balance are mainly driven by domestic variables. In the countries with a flexible exchange rate, real and nominal depreciation affects export positively although the magnitude of these effects is tiny and limited to the crisis period. These results point to a higher significance of non-price competitiveness on export which should be a future research topic.

Panorama 2012 - The oil and gas producing countries of North Africa and the Middle East

International Nuclear Information System (INIS)

Cueille, Jean-Philippe

2011-11-01

Despite the extent of their reserves, oil production in most countries of the Middle East and North Africa is not likely to increase significantly in the years ahead. Exports from the Middle East, 75% of which are to Asia, and those from North Africa, most of which are focused on Europe, should remain stable overall. The increase in gas production will contribute more to meeting fast-growing domestic demand than to boosting exports. Indeed, many Middle Eastern countries are paradoxically experiencing strains on domestic energy supplies due to energy demand stimulated by energy prices that are generally - and artificially - very low, and the adoption of economic development models based on energy-intensive industries. (author)

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)

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

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)

CONSIDERATIONS ON ROMANIA’S AGRO-FOOD EXPORT AND IMPORT BY EUROPEAN UNION COUNTRY GROUP AND AGRO-FOOD PRODUCT GROUP

Directory of Open Access Journals (Sweden)

Agatha POPESCU

2013-10-01

Full Text Available The goal of the paper was the analysis of Romania’s the agro-food export, import and trade balance by the EU country group and agro-food product group based on the statistical data in the year 2010 in order to identify the commercial relationships with a positive and respectively a negative impact of the trade balance. The EU trade partners were divided into 4 groups: Central Eastern (CE, Western (W, Northern (N and Southern (S EU countries and the agro-food product groups were: Live animals and preparations of animal origin, Vegetal products, Fats and oils of vegetal and animal origin, Food, beverages and tobacco. The data were processed using the share and comparison methods. In 2010, Romania registered a negative agro-food trade balance with a deficit of Euro thousand 903,148.This was due to the unefficient commerce with the CE and W EU countries, which together recorded Euro Thousand 1,400,298 deficit. The balance was positively influenced by the Southern EU trade partners whose contribution accounted for Euro thousand 513,953. Therefore, the agro-food trade has to be intensified with the Southern EU countries and to become more relaxed with the CE and W EU countries, especially regarding imports. Live animals are mainly required in the CE and W EU countries, vegetal products in the W and S EU countries, fats and oils in the CE and S EU countries, and finally, food, beverages and tobacco in the S and the CE EU countries. Agro-food imports have to be substantially diminished as long as Romania’ s agriculture is able to produce for the internal market and export has to be intensified especially with the countries with a positive impact on the trade balance.

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...

COMMODITY MARKET REGULATION: EXPORTING COUNTRIES VERSUS IMPORTING COUNTRIES

OpenAIRE

Souza, Leonardo Silveira

2012-01-01

The high in commodity prices in the international market in the last decade, tensions escalated between exporting and importing commodities countries, the extent of having their demands and pressures discussed in the main international organizations, especially in the G20. As altas nas cotações das commodities no mercado internacional na última década acirraram as tensões entre países exportadores e importadores de commodities, a ponto de terem suas reivindicações e pressões debatidas no...

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).

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

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.

Innovation Forms and Firm Export Performance: Empirical Evidence from ECA Countries

Directory of Open Access Journals (Sweden)

Andrzej Cieślik

2017-06-01

Full Text Available Objective: The main objective of this paper is to verify empirically the relationship between various forms of innovation and export performance of firms from European and Central Asian (ECA countries. Research Design & Methods: In our empirical approach we refer to the self-selection hypothesis derived from the Melitz (2003 model which proposed the existence of a positive relationship between firm productivity and the probability of exporting. We argue that innovation activities should be regarded as a key element that can increase the level of firm productivity. We focus our analysis on four forms of innovation activities: product, process, marketing, organizational and managerial innovation. The empirical implementation of our analytical framework is based on the probit model, applied to the fifth edition of the BEEPS firm level dataset covering 2011-2014. Findings: Our empirical results indicate that the probability of exporting is positively related to both product and process innovations. The marketing and managerial innovations do not seem to affect positively export performance of firms from ECA countries. Implications & Recommendations: It is recommended to develop innovation supporting mechanisms that would target both product and process innovations rather than other forms of innovation in the ECA countries. Contribution & Value Added: The originality of this work lies in the use of the multi-country firm level dataset that allows distinguishing between various forms of innovations in the ECA countries.

Energy content in manufacturing exports: A cross-country analysis

International Nuclear Information System (INIS)

Amador, João

2012-01-01

This article compares the energy content in manufacturing exports in a set of 30 advanced and emerging economies and examines its evolution from 1995 to 2005, combining information from the OECD input–output matrices and international trade data in 17 manufacturing sectors. In addition, the article suggests a methodology to disentangle export structure and sectoral energy efficiency effects, presenting results according to technological categories. The article concludes that Brazil, India and, mostly, China, present a high energy content in manufacturing exports, which has increased from 1995 to 2005. Conversely, many advanced economies, notably in Europe and North America, which showed energy contents below the world average in 1995, reinforced their position as exporters with relatively lower energy usage. The contribution of export structure and energy efficiency effects to explain differences in the energy content of exports draws attention to the situation of China. This country increased its relative energy usage in the exports of all technological categories of goods. This effect was reinforced by the stronger export specialization in high-tech products and hindered by a comparatively lower specialization in medium-high-tech products. - Highlights: ► We compare the energy content in manufacturing exports in advanced and emerging economies. ► We suggest a methodology to disentangle export structure and sectoral energy efficiency effects. ► Large emerging economies present high energy content in manufacturing exports. ► China increased its relative energy usage in the exports of all technological categories of goods.

Export competitiveness of dairy products on global markets: the case of the European Union countries.

Science.gov (United States)

Bojnec, Š; Fertő, I

2014-10-01

This paper analyzed the export competitiveness of dairy products of the European Union (EU) countries (EU-27) on intra-EU, extra-EU, and global markets, using the revealed comparative advantage index over the 2000-2011 period. The results indicated that about half of the EU-27 countries have had competitive exports in a certain segment of dairy products. The results differed by level of milk processing and for intra-EU and extra-EU markets, and did so over the analyzed years. Belgium, Denmark, France, Ireland, and the Netherlands are old EU-15 countries with competitive dairy exports (from the lowest to the highest according to the level of milk processing). The majority of the new EU-12 countries have faced difficulties in maintaining their level of export competitiveness, at least for some dairy products and market segments. The more competitive EU-12 countries in dairy exports were the Baltic States (Estonia, Latvia, and Lithuania) and Poland. The duration of export competitiveness differed across the dairy groups of products according to the level of milk processing, indicating the importance of dairy chain product differentiation for export competitiveness and specialization. The export competitiveness of the higher level of processed milk products for final consumption can be significant for export dairy chain competitiveness on global markets. Copyright © 2014 American Dairy Science Association. Published by Elsevier Inc. All rights reserved.

Export and Economic Growth in the West Balkan Countries

Directory of Open Access Journals (Sweden)

Florentina Xhelili Krasniqi

2017-09-01

Full Text Available The aim of this paper is to explore the effects of exports and other variables (foreign direct investment, remittances, capital formation, and labour force on economic growth in West Balkan countries (Albania, Kosovo, Macedonia, Montenegro, Bosnia and Herzegovina and Serbia. This study utilizes a strongly balanced panel data over the 2005-2015 period for Western Balkan countries using the ordinary least squares method (OLS, ie Pooled regression model to evaluate the parameters. The relationship between export and economic growth has turned to be statistically significant and positively related for the countries under the study. Results also indicate the statistically significant positive relationship between economic growth and other variables included in the model such is remittances, capital formation, and labor. The relationship between economic growth and foreign direct investment has turned out to be statistically insignificant and negatively related.

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-...

22 CFR 126.1 - Prohibited exports and sales to certain countries.

Science.gov (United States)

2010-04-01

... policy applies to Belarus, Cuba, Eritrea, Iran, North Korea, Syria, and Venezuela. This policy also... REGULATIONS GENERAL POLICIES AND PROVISIONS § 126.1 Prohibited exports and sales to certain countries. (a) General. It is the policy of the United States to deny licenses and other approvals for exports and...

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...

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)

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

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

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

Do multinational retailers affect the export competitiveness of host countries?

OpenAIRE

Cheptea, Angela

2014-01-01

The paper investigates how the overseas activity of multinational retailers (MRs) affects the global export patters of host country firms. Recent empirical work testifies that the entry of foreign retailers leads to a productivity upgrade in the domestic upstream sectors. Combined with the main result of the new new international trade theory on firm heterogeneity, an increase in the export capacity of local firms should also follow. The current paper establishes a connection between these em...

The Impact of Foreign Direct Investment on the Export Performance: Empirical Evidence for Western Balkan Countries

Directory of Open Access Journals (Sweden)

Dr.Sc. Nasir Selimi

2016-07-01

Full Text Available Recently there are many authors that have studied and analyzed the impact of foreign direct investments (FDI on the export performance. They have different opinions about the effect of foreign direct investments on the export performance. Some of them in their papers conclude that FDI have positive effect on the export performance and some not. There are also findings that FDI do not have any impact on the export performance. Of course for economic benefit of host country it is not important only the amount of FDI, but also their structure. To measure the effect of FDI on the export performance is not easy. Therefore, the main objective of this paper is to analyze empirically the foreign direct investments and exports performance during the period of 1996-2013 in Western Balkan countries. The paper also investigates for the fixed effects and individual heterogeneity across countries and years. Based on the panel regression techniques and Least Square Dummy Variable (LSDV regression method, FDI positively affect export performance in the sample countries in various model specifications. The results and conclusions of this paper we hope that will help everybody who are interested and studying this matter, especially the policy makers.  The last ones have the obligation to facilitate and promote the export if they award confirm that FDI contribute on developing their economy.

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

Export and Economic Growth in the West Balkan Countries

OpenAIRE

Florentina Xhelili Krasniqi; Rahmije Mustafa Topxhiu

2017-01-01

The aim of this paper is to explore the effects of exports and other variables (foreign direct investment, remittances, capital formation, and labour force) on economic growth in West Balkan countries (Albania, Kosovo, Macedonia, Montenegro, Bosnia and Herzegovina and Serbia). This study utilizes a strongly balanced panel data over the 2005-2015 period for Western Balkan countries using the ordinary least squares method (OLS), ie Pooled regression model to evaluate the parameters. The rela...

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

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

The impacts of oil price fluctuations on the economy of sub-Saharan African countries, importers of oil products

International Nuclear Information System (INIS)

Sacko, I.

1997-01-01

This work comprises three parts. The first part aims at presenting the energy situation of sub-Saharan African (SSA) countries grouped in five regions. Because of the demographic pressure and of the petroleum shocks, the commercial energy consumption is growing up rapidly and the energy prices are high for the end-users (because the energy is imported and paid in dollars, and the fiscality share is increased by governments in the case of prices drop in the international market). The important problem of wood fuel is considered, together with the energy-economic growth relations and the determining factors of the energy demand in SSA. Some econometric relations are tested. The second part analyzes the mechanisms generated by petroleum shocks and counter-shocks, and stresses first on the transfers induced by these fluctuations. Then, it presents some macro-economical models which try to integrate the effects of a petroleum shock and makes some calculations based on a decomposition of imports and exports global and partial coefficients. Some important conclusions are inferred from this study: 1 - the second petroleum shock strikes more seriously the oil importing SSA countries because they do not benefit from a favorable international context, like during the first shock (also because the second shock is accompanied by a dollar shock); 2 - the absence of symmetry in oil shocks-counter-shocks; 3 - the crisis of SSA countries is not only of petroleum origin but is also linked with the drop of the export incomes (which itself is partially explained by the impact of petroleum shocks on the industrialized economies), with their bad insertion in the world economy, and with unsuitable domestic economies. The third part proposes some solutions to attenuate the energy and economical difficulties of these countries. It is necessary to implement an energy planning mainly based on the mastery of the demand and on a better management of local resources. The policies of

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

Growth and oil price: A study of causal relationships in small Pacific Island countries

Energy Technology Data Exchange (ETDEWEB)

Jayaraman, T.K. [School of Economics, Faculty of Business and Economics, The University of the South Pacific, Laucala Bay Road, Suva (Fiji); Choong, Chee-Keong [Department of Economics and Finance, Faculty of Business and Finance, Universiti Tunku Abdul Rahman (Perak Campus), Jalan Universiti, Bandar Barat, 31900 Kampar, Perak Darul Ridzuan (Malaysia)], E-mail: choongck@utar.edu.my

2009-06-15

This paper investigates the nexus between economic growth and oil price in small Pacific Island countries (PICs). Except Papua New Guinea, none of the 14 PICs has fossil any fuel resources. Consequently, the other 13 PICs are totally dependent on oil imports for their economic activities. Since PICs have limited foreign exchange earning capacities, as they have a very narrow range of exports and are highly dependent on foreign aid, high oil prices in recent months have seriously tested their economic resilience. This paper applies the ARDL bounds testing methodology to four selected PICs, Samoa, Solomon Islands, Tonga and Vanuatu, which have consistent and reliable time series of data, with a view to assess the impact of oil price on economic growth. The findings are that oil price, gross domestic product and international reserve are cointegrated in all the four PICs. Further, both in the long and short runs, we observe that there is a uni-directional relationship as causality linkage runs only from oil price and international reserves to economic growth. The paper makes some policy recommendations.

Growth and oil price. A study of causal relationships in small Pacific Island countries

Energy Technology Data Exchange (ETDEWEB)

Jayaraman, T.K. [School of Economics, Faculty of Business and Economics, The University of the South Pacific, Laucala Bay Road, Suva (Fiji); Choong, Chee-Keong [Department of Economics and Finance, Faculty of Business and Finance, Universiti Tunku Abdul Rahman (Perak Campus), Jalan Universiti, Bandar Barat, 31900 Kampar, Perak Darul Ridzuan (Malaysia)

2009-06-15

This paper investigates the nexus between economic growth and oil price in small Pacific Island countries (PICs). Except Papua New Guinea, none of the 14 PICs has fossil any fuel resources. Consequently, the other 13 PICs are totally dependent on oil imports for their economic activities. Since PICs have limited foreign exchange earning capacities, as they have a very narrow range of exports and are highly dependent on foreign aid, high oil prices in recent months have seriously tested their economic resilience. This paper applies the ARDL bounds testing methodology to four selected PICs, Samoa, Solomon Islands, Tonga and Vanuatu, which have consistent and reliable time series of data, with a view to assess the impact of oil price on economic growth. The findings are that oil price, gross domestic product and international reserve are cointegrated in all the four PICs. Further, both in the long and short runs, we observe that there is a uni-directional relationship as causality linkage runs only from oil price and international reserves to economic growth. The paper makes some policy recommendations. (author)

Growth and oil price: A study of causal relationships in small Pacific Island countries

International Nuclear Information System (INIS)

Jayaraman, T.K.; Choong, Chee-Keong

2009-01-01

This paper investigates the nexus between economic growth and oil price in small Pacific Island countries (PICs). Except Papua New Guinea, none of the 14 PICs has fossil any fuel resources. Consequently, the other 13 PICs are totally dependent on oil imports for their economic activities. Since PICs have limited foreign exchange earning capacities, as they have a very narrow range of exports and are highly dependent on foreign aid, high oil prices in recent months have seriously tested their economic resilience. This paper applies the ARDL bounds testing methodology to four selected PICs, Samoa, Solomon Islands, Tonga and Vanuatu, which have consistent and reliable time series of data, with a view to assess the impact of oil price on economic growth. The findings are that oil price, gross domestic product and international reserve are cointegrated in all the four PICs. Further, both in the long and short runs, we observe that there is a uni-directional relationship as causality linkage runs only from oil price and international reserves to economic growth. The paper makes some policy recommendations.

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

O. Nuclear energy in a food exporting country

International Nuclear Information System (INIS)

1976-01-01

This report attempts to estimate the affect on agricultural exports from New Zealand which might result from the operation of nuclear power. By far the most serious of these would result from an accidental release of radioactive material, and the likely affects of such releases are considered both in the first year after an accident and in the future. Previous assessments of this type have concentrated attention on property damage and on the health hazards which might result to consumers of contaminated food in the first year or two after a release. In this report the emphasis is on exported foods to which different criteria might apply, and some very approximate estimates are made of long-term implications. To a large extent these can be described only as speculations, but they have some value as a guide. No analgous report has been found in the open literature from other countries, and this particularly includes Denmark which has much in common with New Zealand in this regard. The possible effect of routine operation of nuclear power on food exports is also briefly considered

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

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.)

Hydrocarbon-Rich Territories in Central Asia: Producing Countries, Exporting Enclaves or Transit Countries?

Directory of Open Access Journals (Sweden)

Aurelia Mañé

2005-10-01

Full Text Available This article aims to qualify the different analyses and currents of opinion that are circulating with respect to Central Asia’s capacity to become one of the main exporters of hydrocarbons in the next decade. For this, it first examines whether or not, in quantitativeterms, the hydrocarbon-rich territories of Central Asia can become one of the main suppliers on a world scale; secondly, it explains why the countries of Central Asia will play a necessarily different role on the international energy scene than that played by the OPEC countries; and, finally, it indicates what the relevance of this area could be in the organisation (structure of the contemporary international energy scene. In this sense, it discusses not producing countries, but rather countries of passage.

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.

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

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

Main health risks associated with Moroccan fishery products exported to European Union countries

Directory of Open Access Journals (Sweden)

S. Dahani

2018-01-01

Full Text Available The export of fishery products constitutes a very significant axis of the exchanges with certain countries, especially the countries of the European Union (EU. In Morocco, the exported fish products are controlled by the veterinarians of the National Office of the Health Security of Food products (NOHSF according to a procedure which is based on documentary control, identity and physical control and possibly analytical control. This control is complemented by monitoring plans. Currently, the product control has become a more demanding task due to the significant volume of fish production, the lack of means and human resources, hence the need for a novel approach to the control of fishery products based on risk analysis, which involves the establishment of appropriate controls aiming at guaranteeing that the products are safe. The objective of this work is the hierarchization of the main health risks associated to the fishery products exported to EU countries by Morocco. This approach is based on an overall analysis and statistical analysis using principal components analysis (PCA of the health profile of the notifications of the Rapid Alert System for the foodstuffs and feeding stuffs (RASFF from 1981 to 2015. This work allowed the development of a criticality matrix which specifies the health profile of species of products exported to EU countries via Morocco according to species, of danger and type of product. The control of fishery products based on risk analysis is a very important approach for the Moroccan competent authority.

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

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

Influence of Intermediaries on the Efficiency of Export of Small and Medium Business Production in Developing Countries

Directory of Open Access Journals (Sweden)

Arzik Miqael Suvaryan

2018-03-01

Full Text Available Small and medium business plays an important role in the national economies of developing countries. From this perspective, to create an effective system for exports is of key importance for these countries. The article provides the basis for the implementation of intermediary export organizations and systems for their interaction with small and medium business entities. On the example of Armenia, the authors proved that the introduction of intermediary organizations to enhance the participation of small and medium business in export operations is expedient. These organizations may be implemented in other developing countries. We used methods of analysis, synthesis, induction, deduction, comparative method, statistical analysis and others. The authors proposed three possible options for establishing intermediary export organizations in developing countries.. Firstly, we considered the intermediary export organizations, established and managed directly by the state. Secondly, intermediary export organizations may be created by uniting of small and medium enterprises (SMEs of a particular industry in association. And the final option is the commercial intermediary organizations for export. By applying a comparative cost analysis of direct and indirect exports, the authors have developed a method for assessing the effectiveness of interaction of intermediary export organizations with small and medium-sized businesses. We defined the following components of the total exports costs: the costs of warehousing, packaging, transportation, information collection, contracts, search for the shadow broker and interaction with him/her, marketing, export documentation, broker services, banking and insurance services, personnel costs, operation of the structure, tax and customs payments. We have analysed possible changes in these costs and defined the value of the cost changes total indicator that shows more effective indirect exports. . The study defines the

Impact of R&D expenditures on research publications, patents and high-tech exports among European countries.

Science.gov (United States)

Meo, S A; Usmani, A M

2014-01-01

This study aimed to compare the impact of Research&Development (R&D) expenditures on research publications, patents and high-tech exports among European countries. In this study, 47 European countries were included. The information regarding European countries, their per capita Gross Domestic Product (GDP), R&D spending, number of universities, indexed scientific journals, high technology exports and number of patents were collected. We recorded the total number of research documents in various science and social sciences subjects during the period 1996-2011. The main source for information was World Bank, Web of Science, Thomson Reuters and SCImago/Scopus. The mean GDP per capita for all the European countries is 23372.64 ± 3588.42 US$, yearly per capita spending on R&D 1.14 ± 0.13 US$, number of universities 48.17 ± 10.26, mean number of Institute of Scientific Information (ISI) indexed journal per country 90.72 ± 38.47, high technology exports 12.86 ± 1.59 and number of patent applications 61504.23 ± 22961.85. The mean of research documents published in various science and social science subjects among all the European countries during the period 1996-2011 is 213405.70 ± 56493.04. Spending on R&D, number of universities, indexed journals, high technology exports and number of patents have a positive correlation with number of published documents in various science and social science subjects. We found a positive correlation between patent application and high-tech exports. However, there was no association between GDP per capita and research outcomes. It is concluded that, the most important contributing factors towards a knowledge based economy are spending on R&D, number of universities, scientific indexed journals and research publications, which in turn give a boast to patents, high technology exports and ultimately GDP.

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)

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

Optimizing coffee cultivation and its impact on economic growth and export earnings of the producing countries: The case of Saudi Arabia

Directory of Open Access Journals (Sweden)

Ahmed M. Al-Abdulkader

2018-05-01

Full Text Available Coffee is one of the historical socioeconomic crops. It has received an increasing attention at the global level, due to its positive interlinkage with the economic growth and on the gross domestic product for most of the producing countries, particularly, developing and least developed countries. Saudi Arabia is one of the coffee producing countries that has a relative comparative advantage of coffee cultivation. Yet, coffee cultivation has not received as much attention in Saudi Arabia as that of producing countries around the world. This study aims to assess the current state of coffee cultivation in Saudi Arabia and to investigate the potential to optimize coffee cultivation in Saudi Arabia that maximizes the net national economic return and export earnings, given limitation of cultivated areas, local market activities, and international trade activities. The study statistically analyzed primary data collected from around (65 coffee farms and traders in the study regions at the south and southwest Saudi Arabia, and optimized coffee cultivation in Saudi Arabia using LINGO optimization software. Empirical results of the study revealed the great potential of Saudi Arabia to expand coffee cultivation at south and southwest regions to meet the escalating local demand and to increase its share at the world market up to 2%. Optimization of coffee cultivation in Saudi Arabia showed a high potential to meet the local demand for coffee by producing 80.07 thousand tons grown over 2861.78 hectares and to generate a net return equivalent to $395.72 million a year, which is equivalent to $138.28 thousand per hectare and $4.94 thousand per ton of coffee. Optimizing coffee cultivation will play a substantial role to increase market share of Saudi Arabia to about 1–2% of the world market by increasing its export volume, respectively, to about 69.66 and 112.56 thousand tons, the national net economic return by about $395.86 and $395.95 million a year, and

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

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.

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

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

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

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

US Antidumping Petitions and Revealed Comparative Advantage of Shrimp Exporting Countries

NARCIS (Netherlands)

C-L. Chang (Chia-Lin); M.J. McAleer (Michael); D.K. Nguyen (Dank-Khoa)

2016-01-01

textabstractThe paper explores the trade competitiveness of seven major shrimp exporting countries, namely Vietnam, China, Thailand, Ecuador, India, Indonesia and Mexico, to the USA. Specifically, we investigate whether the United States (US) antidumping petitions impact upon the bilateral

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

Do Oil-Producing Countries Have Normal Oil Overconsumption? An Investigation of Economic Growth and Energy Subsidies

Directory of Open Access Journals (Sweden)

Seyed Reza Mirnezami

2015-07-01

Full Text Available The data shows that oil-producing countries have low oil retail prices and low economic growth compared with other countries. Considering that oil-producing countries experience high oil consumption and low economic growth, it is possible to argue that economic growth is not an appropriate justification for oil consumption and that the main cause for high oil consumption is the low retail price. In addition, it should be noted that the global environmental movement against increasing greenhouse gas emissions—for example, the Kyoto 1998 agreement—seems to have had no effect on oil consumption in oil-producing countries.

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

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)

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.

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

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)

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)

Do Oil-Producing Countries Have Normal Oil Overconsumption? An Investigation of Economic Growth and Energy Subsidies

OpenAIRE

Seyed Reza Mirnezami

2015-01-01

The data shows that oil-producing countries have low oil retail prices and low economic growth compared with other countries. Considering that oil-producing countries experience high oil consumption and low economic growth, it is possible to argue that economic growth is not an appropriate justification for oil consumption and that the main cause for high oil consumption is the low retail price. In addition, it should be noted that the global environmental movement against increasing greenhou...

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

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 ...

High-technology exports of EEC countries: Persistence and diversity of specialization patterns

International Nuclear Information System (INIS)

Papagni, E.

1992-01-01

This analysis of the persistence and diversity of specialization patterns in EEC high technology exports is based on a package of products selected from the Eurostat database, COMEXT. High technology goods are considered as an innovative output indicator. A test of hypotheses of hysteresis and diversity of trade patterns at a national level is performed to verify some claims made by the 'evolutionary' theory of innovation and trade. The three-mode principal component analysis carried out confirms the persistence of specialization patterns of each EEC country in high technology exports, and highlights their sharp differences

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.

Optimizing coffee cultivation and its impact on economic growth and export earnings of the producing countries: The case of Saudi Arabia.

Science.gov (United States)

Al-Abdulkader, Ahmed M; Al-Namazi, Ali A; AlTurki, Turki A; Al-Khuraish, Muteb M; Al-Dakhil, Abdullah I

2018-05-01

Coffee is one of the historical socioeconomic crops. It has received an increasing attention at the global level, due to its positive interlinkage with the economic growth and on the gross domestic product for most of the producing countries, particularly, developing and least developed countries. Saudi Arabia is one of the coffee producing countries that has a relative comparative advantage of coffee cultivation. Yet, coffee cultivation has not received as much attention in Saudi Arabia as that of producing countries around the world. This study aims to assess the current state of coffee cultivation in Saudi Arabia and to investigate the potential to optimize coffee cultivation in Saudi Arabia that maximizes the net national economic return and export earnings, given limitation of cultivated areas, local market activities, and international trade activities. The study statistically analyzed primary data collected from around (65) coffee farms and traders in the study regions at the south and southwest Saudi Arabia, and optimized coffee cultivation in Saudi Arabia using LINGO optimization software. Empirical results of the study revealed the great potential of Saudi Arabia to expand coffee cultivation at south and southwest regions to meet the escalating local demand and to increase its share at the world market up to 2%. Optimization of coffee cultivation in Saudi Arabia showed a high potential to meet the local demand for coffee by producing 80.07 thousand tons grown over 2861.78 hectares and to generate a net return equivalent to $395.72 million a year, which is equivalent to $138.28 thousand per hectare and $4.94 thousand per ton of coffee. Optimizing coffee cultivation will play a substantial role to increase market share of Saudi Arabia to about 1-2% of the world market by increasing its export volume, respectively, to about 69.66 and 112.56 thousand tons, the national net economic return by about $395.86 and $395.95 million a year, and the export earnings

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

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.

Influence of Intermediaries on the Efficiency of Export of Small and Medium Business Production in Developing Countries

OpenAIRE

Arzik Miqael Suvaryan; Narina Grigorii Mkrtichyan; Hasmik Khachik Manukyan

2018-01-01

Small and medium business plays an important role in the national economies of developing countries. From this perspective, to create an effective system for exports is of key importance for these countries. The article provides the basis for the implementation of intermediary export organizations and systems for their interaction with small and medium business entities. On the example of Armenia, the authors proved that the introduction of intermediary organizations to enhance the p...

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

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 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.)

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.

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)

Europe and oil: beware of the glass ceiling; L'europe et le petrole: attention au plafond de verre

Energy Technology Data Exchange (ETDEWEB)

Durand, B. [ASPO France et de SLC France (France)

2011-01-15

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)

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

Development of Exports and Imports of Kosova with European Union Countries

Directory of Open Access Journals (Sweden)

Ph. D. Myrvete Badivuku-Pantina

2009-05-01

Full Text Available Kosova, within the nine years period, has moved from a post conflict country to a country considered to be in transition. Kosova has passed from its determination for reconstruction of the country to the orientation towards economic development and integration to European structures. But economic development is not yet sufficient in order to address challenges that Kosova is facing, such as high percentage of unemployment and high deficit of trade exchange. The unemployment rate in Kosova is the most concerning economic issue. Unemployment norms move from about 30 % (IMF to 40% (SOK, 2006. High deficit of recurrent accounts also present a great concern for Kosova economy, which has been evaluated to be 17.3% of gross domestic production (GDP following receipt of assistance from abroad, and decrease of trade deficit remains one of economic priorities in Kosova. Current ways of cooperation between countries are based on ignoring existing borders and mutual cooperation among people of the world, based on freedom and equality among entities of market economy. Kosova supports open economic policies and it achieved to sign some of Free Trade Agreements (FTA with regional countries of western Balkans. It is expected that Kosova will endorse other FTA also with other countries in the region and wider since these actions are to be taken in order to support economic development of Kosova. In the post war period, the main trade partner of Kosova has been European Union (Germany, Greece, Slovenia, Italy, and Austria, whose participation in general import of Kosova for 2004 was 26.7%, while this integration in general export of Kosova in 2004 was 28.7%. The purpose of this study is that I wanted to present importance of trade cooperation of Kosova with UE countries and offer information of the course of imports and exports of Kosova with EU countries, as well as to analyze possibilities and advantages that this cooperation offers for economic development of

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

Linking Agricultural Trade, Land Demand and Environmental Externalities: Case of Oil Palm in South East Asia

OpenAIRE

Othman, Jamal

2003-01-01

Reduction of support measures affecting soybean oil in the major soybean producing countries, as a consequence of WTO rules, coupled with rising demand for palm oil in non-traditional palm oil importing countries may lead to pronounced increases in agricultural land demand for oil palm expansion in Malaysia and Indonesia – two main palm oil producing and exporting countries. However, it is expected that the effects on agricultural land demand and consequently impact upon the environment will ...

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

Exports of petroleum products, 1989

International Nuclear Information System (INIS)

1990-04-01

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 1989 calendar year. A discussion of petroleum product imports is included in order to put exports in the context of the overall trade. Exports of the above petroleum products averaged 30,400 m 3 /d in 1989, down 5% from 1988 levels. Motor gasoline shipments showed the largest decrease, down 1,500 m 3 to 7,700 m 3 /d. Export prices for light petroleum products stayed relatively close to USA spot prices except in June and July 1989, when attractive prices were obtained for shipments from the prairie provinces. The heavy fuel oil export price was similar to the USA east coast spot price in 1989, except in December. Canada's petroleum products imports in 1989 were 21,600 m 3 /d, compared to 18,400 m 3 /d in 1988. Imports of heavy fuel oil in eastern Canada rose 36% in 1989 because of industries switching from electricity and the high demand for thermal power generation. The USA remained Canada's largest trading partner in petroleum products. The top single exporter in 1989, as in 1988, was Newfoundland Processing, with a volume of 3,484,500 m 3 . 24 figs., 4 tabs

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)

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.

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

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)

SUSTAINABILITY OF SUSTAINABLE PALM OIL: A MARKET INTEGRATION ANALYSIS

Directory of Open Access Journals (Sweden)

Diana Chalil

2016-07-01

Full Text Available Crude Palm Oil (CPO is the biggest consumed vegetable oil in the world. The increase in CPO production raises concern on the environmental impact even outside the producing countries. As a response to this matter, the EU has made a requirement to only import certified CPO (CSPO. India and China, the two biggest importers in the world, are less restrictive to the environmental issues, and their demands are more influenced by CPO price levels. These countries are the main export markets for Indonesia and Malaysia, the two biggest CPO exporters in the world. This research using monthly price data from the Netherlands, Germany, Italy, EU28, India, China, Indonesia and Malaysia. Market integrations are tested with Cointegration Test, Vector Error Correction Model and Seemingly Unrelated Regression. The results show that these markets are integrated, but European countries are unlikely to lead the price movement. Therefore, the concern on sustainable certification from the European countries still slowly spreads to other main importers, resulting in low absorption of CSPO. Keywords: market integration; sustainable palm oil; seemingly unrelated regression; vector Error correction model

Oil supply security -- Emergency response of IEA countries 2007

Energy Technology Data Exchange (ETDEWEB)

NONE

2007-11-29

When Hurricane Katrina hit the Gulf of Mexico in 2005, the region's oil production and refining infrastructure was devastated and world energy markets were disrupted. The International Energy Agency decided in a matter of days to bring 60 million barrels of additional oil to the market. The emergency response system worked - the collective action helped to stabilise global markets. Since its founding in 1974, oil supply security has been a core mission of the IEA and the Agency has improved its mechanisms to respond to short-term oil supply disruptions. Nevertheless, numerous factors will continue to test the delicate balance of supply and demand. Oil demand growth will continue to accelerate in Asia; oil will be increasingly produced by a shrinking number of countries; and capacities in the supply chain will need to expand. These are just a few of the challenges facing an already tight market. What are the emergency response systems of IEA countries? How are their emergency structures organised? How prepared is the IEA to deal with an oil supply disruption? This publication addresses these questions. It presents another cycle of rigorous reviews of the emergency response mechanisms of IEA member countries. The goal of these reviews is to ensure that the IEA stays ready to respond effectively to oil supply disruptions. This publication also includes overviews of how China, India and countries of Southeast Asia are progressing with domestic policies to improve oil supply security, based on emergency stocks.

Oil supply security -- Emergency response of IEA countries 2007

Energy Technology Data Exchange (ETDEWEB)

NONE

2007-11-29

When Hurricane Katrina hit the Gulf of Mexico in 2005, the region's oil production and refining infrastructure was devastated and world energy markets were disrupted. The International Energy Agency decided in a matter of days to bring 60 million barrels of additional oil to the market. The emergency response system worked - the collective action helped to stabilise global markets. Since its founding in 1974, oil supply security has been a core mission of the IEA and the Agency has improved its mechanisms to respond to short-term oil supply disruptions. Nevertheless, numerous factors will continue to test the delicate balance of supply and demand. Oil demand growth will continue to accelerate in Asia; oil will be increasingly produced by a shrinking number of countries; and capacities in the supply chain will need to expand. These are just a few of the challenges facing an already tight market. What are the emergency response systems of IEA countries? How are their emergency structures organised? How prepared is the IEA to deal with an oil supply disruption? This publication addresses these questions. It presents another cycle of rigorous reviews of the emergency response mechanisms of IEA member countries. The goal of these reviews is to ensure that the IEA stays ready to respond effectively to oil supply disruptions. This publication also includes overviews of how China, India and countries of Southeast Asia are progressing with domestic policies to improve oil supply security, based on emergency stocks.

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.

The spatial impact of neighbouring on the exports activities of COMESA countries by using spatial panel models

Science.gov (United States)

Hamzalouh, L.; Ismail, M. T.; Rahman, R. A.

2017-09-01

In this paper, spatial panel models were used and the method for selecting the best model amongst the spatial fixed effects model and the spatial random effects model to estimate the fitting model by using the robust Hausman test for analysis of the exports pattern of the Common Market for Eastern and Southern African (COMESA) countries. And examine the effects of the interactions of the economic statistic of explanatory variables on the exports of the COMESA. Results indicated that the spatial Durbin model with fixed effects specification should be tested and considered in most cases of this study. After that, the direct and indirect effects among COMESA regions were assessed, and the role of indirect spatial effects in estimating exports was empirically demonstrated. Regarding originality and research value, and to the best of the authors’ knowledge, this is the first attempt to examine exports between COMESA and its member countries through spatial panel models using XSMLE, which is a new command for spatial analysis using STATA.

WTO accepts rules limiting medicine exports to poor countries.

Science.gov (United States)

James, John S

2003-09-12

In a controversial decision on August 30, 2003, the World Trade Organization agreed to complex rules limiting the export of medications to developing countries. Reaction to the decision so far has shown a complete disconnect between trade delegates and the WTO, both of which praise the new rules as a humanitarian advance, and those working in treatment access in poor countries, who believe that they will effectively block treatment from reaching many who need it. We have prepared a background paper that analyzes this decision and its implications and offers the opinions of key figures on both sides of the debate. It is clear that the rules were largely written for and probably by the proprietary pharmaceutical industry, and imposed on the countries in the WTO mainly by the United States. The basic conflict is that this industry does not want the development of international trade in low-cost generic copies of its patented medicines--not even for poor countries, where little or no market exists. Yet millions of people die each year without medication for treatable conditions such as AIDS, and drug pricing remains one of several major obstacles to controlling global epidemics.

A review of horticultural export performance of Asian developing countries: aspects of quality, competitiveness and sustainability.

NARCIS (Netherlands)

Jansen, H.G.P.

1994-01-01

Many developing countries in Asia have a comparative advantage in the production of horticultural commodities. Drawing from the widely diverging experiences of six countries, it is concluded that government policies significantly influence horticultural export performance. In order to meet strict

Real Exchange Rate Dynamics in a Small, Primary-Exporting Country

OpenAIRE

Mohsin S. Khan; Peter J. Montiel

1987-01-01

Although the nominal exchange rate is often used as a policy instrument in small, primary-commodity-exporting countries, the real exchange rate is an endogenous variable that responds to both exogenous and policyinduced shocks. This paper examines the dynamic effects on the real exchange rate of various shocks, such as devaluation, fiscal and trade policies, and changes in the terms of trade and foreign real interest rates. Because the path of the real exchange rate differs for different type...

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)

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.

Exporting the 'Norwegian Model': The effect of administrative design on oil sector performance

International Nuclear Information System (INIS)

Thurber, Mark C.; Hults, David R.; Heller, Patrick R.P.

2011-01-01

Norway has administered its petroleum resources using three distinct government bodies: a national oil company engaged in commercial hydrocarbon operations; a government ministry to direct policy; and a regulatory body to provide oversight and technical expertise. Norway's relative success in managing its hydrocarbons has prompted development institutions to consider whether this 'Norwegian Model' of separated government functions should be recommended to other oil-producing countries. By studying ten countries that have used widely different approaches in administering their hydrocarbon sectors, we conclude that separation of functions is not a prerequisite to successful oil sector development. Countries where separation of functions has worked are characterized by the combination of high institutional capacity and robust political competition. Unchallenged leaders often appear able to adequately discharge commercial and policy/regulatory functions using the same entity, although this approach may not be robust against political changes. Where institutional capacity is lacking, better outcomes may result from consolidating commercial, policy, and regulatory functions until such capacity has further developed. Countries with vibrant political competition but limited institutional capacity pose the most significant challenge for oil sector reform: Unitary control over the sector is impossible but separation of functions is often difficult to implement. - Highlights: → The 'Norwegian Model' separates commercial, policy, and regulatory functions in oil. → We study ten oil-producing countries to assess the separation of functions model. → The model is useful where there is institutional capacity and political competition. → Consolidation of functions can work better when political power is concentrated. → Countries with low capacity may also be better off consolidating functions.

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)

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...

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

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

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.

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.

Operational Aspects of Fiscal Policy in Oil-Producing Countries

OpenAIRE

Steven A Barnett; Rolando Ossowski

2002-01-01

Oil-producing countries face challenges arising from the fact that oil revenue is exhaustible, volatile, and uncertain, and largely originates from abroad. Reflecting these challenges, the paper proposes some important general principles for the formulation and assessment of fiscal policy in these countries. The main findings can be summarized in some key guidelines: the non-oil balance should feature prominently in the formulation of fiscal policy; it should generally be adjusted gradually; ...

One recommendation of nuclear power export. GDP model application to the countries which expressed nuclear power introduction and consideration

International Nuclear Information System (INIS)

Iida, Tekehiko

2010-01-01

South Korea has been excited in nuclear business after the success in the contract to build nuclear power plants in UAE. Since more than 60 countries expressed nuclear power introduction and new countries were on the rise with exporting reactor technology accumulated, new era over nuclear renaissance seems to begin. This article at first classified countries, which expressed nuclear power introduction, with an economic level of GDP per capita. Then each classified country's requirements of nuclear power introduction were taken into consideration such as economic development, consumption pattern and technology attitude. As a result recommendation of nuclear power export was proposed. Different approach to each country targeted was suggested as shown in 'nuclear power GDP model'. (T. Tanaka)

Development challenges of resource-rich countries: the case of oil ...

African Journals Online (AJOL)

This paper discusses some of the challenges that confront oil-rich developing countries in their development quest. It stresses that one of the surest ways governments in oil-rich developing countries have at their disposal to avoid the so-called curse of oil is through the insulation of fiscal policy from the volatility associated ...

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.

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.

An oil-sick global economy?

International Nuclear Information System (INIS)

Anon.

2004-01-01

Since early 2004, oil prices have increased by 50% as a combined result of a demand shock, tensions on production capacities and supply disruptions. The surplus of wealth from oil importing to exporting countries nears 100 bn dollars (0.3% of OECD GDP) in the whole year. Households' real income should decrease by 0.3 point in the Euro zone and by 0.5 point in the US. According to our oil price forecasts (33 dollars a barrel by the end of 2005), GDP growth should be reduced by 0.4 point in 2004-2005. Should prices remain at 50 dollars throughout 2005, growth in industrial countries will be further impaired (0.6 point with a monetary policy response), but developing economies will suffer more. Oil producing countries should increase their imports and the reintroduction of petro dollars on financial markets should hold international interest rates down

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.

How Do Oil Prices, Macroeconomic Factors and Policies Affect the Market for Renewable Energy?:Oil Price, Macroeconomic Factors and Renewable Energy

OpenAIRE

Shah, Imran; Hiles, Carlie; Morley, Bruce

2017-01-01

The aim of this study is to determine the nature of any relationship between renewable energy investment, oil prices, GDP and the interest rate, using a time series approach. We concentrate on three countries with different relationships to the renewable energy industry, with Norway and the UK being oil-exporters for most of the sample and the USA an importer. Following estimation using a VAR model, the results provide evidence of considerable heterogeneity across the countries, with the USA ...

Price-Quality Competition in the Exports of the Central and Eastern European Countries

DEFF Research Database (Denmark)

Nielsen, Jørgen Ulff-Møller

2000-01-01

In the decade since the fall of the Berlin Wall the number of CEEC products able to compete in export markets has steadily increased. The quality level of these products still lags substantially behind that of EU products, however. The quality level of new CEEC products coming into the markeet is......, in fact, lower than that of older surviving products, indicating that the CEEC countries are increasingly specialising in price-sensitive sectors. The following article uses the concept of unit value to analyse the changes in the price-quality competitiviness of CEEC exports.......In the decade since the fall of the Berlin Wall the number of CEEC products able to compete in export markets has steadily increased. The quality level of these products still lags substantially behind that of EU products, however. The quality level of new CEEC products coming into the markeet is...

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.

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.

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)

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

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)

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

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.

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.

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.

Learning-by-Exporting Versus Self-Selection: New Evidence for 19 Sub-Saharan African Countries

NARCIS (Netherlands)

Foster-McGregor, N.; Isaksson, A.; Kaulich, F.

2015-01-01

We examine learning-by-exporting effects of manufacturing and services firms in 19 sub-Saharan African countries. Comparing several outlier-robust estimators, our results provide evidence for positive effects in the manufacturing sector when using the MM estimator, but not in the services sector.

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

Oil and development

Energy Technology Data Exchange (ETDEWEB)

Ellis, F

1974-10-01

The shift in world income due to the increase in oil prices has resulted in a world economy that has been thrown off balance. Nine papers are presented that explore the background and the main implications of this ''watershed'' in international relations, particularly the extent to which it will affect the development prospects of poor countries and the climate of trade between poor and rich nations in the next few years. Two papers, ''Diary of Events in the Oil Market 1971--1974'' and ''Statistical Background,'' provide information on the financial changes implied by the price increase; some of the figures should be treated as preliminary estimates only. ''Large International Firms in the Oil Industry'' examines the part played by the major oil companies in developments in the oil market leading up to the events of 1973. Two papers, ''Can OPEC Maintain Current Prices'' and ''OPEC As a Model for Other Mineral Exporters,'' present optimistic conclusions, from the viewpoint of developing countries, on their future capability for controlling their own destinies in trade. ''A Note on Some Issues Raised for Science and Technology Policy by the Increase in Oil Prices'' looks at options open to producers and consumers of raw materials. ''Assessing the Economic Impact on Developing Countries and Some Policy Suggestions,'' ''A Note on the Implications of the Oil Price Increases for British Aid Policy,'' and ''Confrontation Versus Co-operation'' are three papers concerned with difficulties of developing countries and particularly India, Bangladesh, and Sri Lanka. (MCW)

The rising price of oil: a window of opportunity for some Central American and Caribbean countries

International Nuclear Information System (INIS)

Lizardi, Carlos Guerrero de; Padilla-Perez, Ramon

2010-11-01

This research paper analyzes the direct impact of the rising price of oil on shipping costs of any product to any point in the United States from Central America, Mexico or the Dominican Republic (CAM-DR) versus products from Asia. First, the study provides a brief description of the commercial opening of the countries analyzed and the liberalization of their markets. Second, it analyzes the evolution of the competitiveness of selected countries in the U.S. import market. Third, the study presents an analysis for each product. The hypothesis of this study is that geographical distance will be increasingly key. It is recommended that enhance shipping procedures and time (transit and container stay) be enhanced by simplifying customs procedures and improving port infrastructure. By expanding and improving road and rail infrastructures, countries could reduce shipping costs within their own territories. Besides, to avoid significant gain or loss in market share, it is recommended that the current tariff gaps be maintained or better still, expanded. Furthermore, forming strategic alliances could help producers lower the prices of their exported manufactured products.

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.

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

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)

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

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

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)

Country impacts of multilateral oil sanctions

International Nuclear Information System (INIS)

Canes, M.E.

2000-01-01

In recent years, economic sanctions have become an important tool in the conduct of U.S. foreign policy. Though usually aimed at a single country, they also can affect the economics of other nations. Knowledge of such impacts would inform U.S. policy-makers as to which other countries might be helped or harmed, and help predict which other nations likely would support or oppose the sanctions. This article presents results relating to the imposition of sanctions in the oil market. These results are obtained from exercising a dynamic computable general equilibrium model built by Charles River Associates under sponsorship of the American Petroleum Institute. The model is used to analyze GDP effects on a number of countries from multilateral oil sanctions against Iraq. The results suggest that it is possible to provide useful information regarding the impact of sanctions as a foreign policy tool. However, they also indicate that sanctions can be expensive, with substantial spillover effects. Though sanctions may be appropriate policy choice in given instances, these effects should be incorporated into foreign policy analyses. (author)

The national oil companies and the modernization of tax regimes in oil exporting countries

International Nuclear Information System (INIS)

Rodriguez-Padilla, V.

1994-01-01

The analysis of tax regimes for oil national companies leads through three conclusions : i) current tax regimes are economically inefficient but they may be corrected without changing the institutional framework ; ii) there is no optimal tax regime but certain principles such as equity, adaptability and neutrality have to be respected; iii) contracts and concessions might be appropriated tools while maintaining the monopoly of the national company but such a choice poses political and ideological problems. (Author). 26 refs., 1 fig., 1 tab

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.

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.

Crisis and adjustment variables of Mediterranean oil states

International Nuclear Information System (INIS)

Beraud, Philippe; Jablanczy, Adrienne

2010-01-01

This paper deals with the performance of the Mediterranean and the other Arabian oil exporting countries. As far as the resource-based industry is concerned, it could be interesting to notice that the performance of these countries is linked to sectoral mix, nature of industry, type of enterprise, nature of joint-venture contracts and obviously macro-economic policies. The studies on the relationship between oil resources, oil production and valorization and global growth show that oil sector is not reliable, especially if we take into account the gap between low and high absorbing countries in the Arab world. In the first group of countries, oil revenues have a positive and significant effect on economic growth and development. In the second group of countries, oil revenues often copy with the Dutch-disease type resource reallocation process and have a negative effect on growth and development. Three alternative ways seem to be opened for these countries. And we study each of them: growing influence of profit sharing contracts between the state-owned companies and the international oil companies linked to technology transfers agreements, entrepreneurial and managerial trajectories coping with the influence of small and medium enterprises, effects of the regional integration in the framework of the Euro-Mediterranean trade agreements

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

Decomposition analysis of CO2 emission intensity between oil-producing and non-oil-producing sub-Saharan African countries

International Nuclear Information System (INIS)

Ebohon, Obas John; Ikeme, Anthony Jekwu

2006-01-01

The need to decompose CO 2 emission intensity is predicated upon the need for effective climate change mitigation and adaptation policies. Such analysis enables key variables that instigate CO 2 emission intensity to be identified while at the same time providing opportunities to verify the mitigation and adaptation capacities of countries. However, most CO 2 decomposition analysis has been conducted for the developed economies and little attention has been paid to sub-Saharan Africa. The need for such an analysis for SSA is overwhelming for several reasons. Firstly, the region is amongst the most vulnerable to climate change. Secondly, there are disparities in the amount and composition of energy consumption and the levels of economic growth and development in the region. Thus, a decomposition analysis of CO 2 emission intensity for SSA affords the opportunity to identify key influencing variables and to see how they compare among countries in the region. Also, attempts have been made to distinguish between oil and non-oil-producing SSA countries. To this effect a comparative static analysis of CO 2 emission intensity for oil-producing and non oil-producing SSA countries for the periods 1971-1998 has been undertaken, using the refined Laspeyres decomposition model. Our analysis confirms the findings for other regions that CO 2 emission intensity is attributable to energy consumption intensity, CO 2 emission coefficient of energy types and economic structure. Particularly, CO 2 emission coefficient of energy use was found to exercise the most influence on CO 2 emission intensity for both oil and non-oil-producing sub-Saharan African countries in the first sub-interval period of our investigation from 1971-1981. In the second subinterval of 1981-1991, energy intensity and structural effect were the two major influencing factors on emission intensity for the two groups of countries. However, energy intensity effect had the most pronounced impact on CO 2 emission

'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.

Descriptive Analysis of Economic Diversification, Price and Revenue Dynamics in Oil and Energy in the Arab World

OpenAIRE

Driouchi, Ahmed; El Alouani, Hajar; Gamar, Alae

2014-01-01

Abstract The present paper looks at the descriptive side of the economy of oil and energy in the Arab countries. It addresses the contours of these economies in relation to diversification and trading patterns and shows the limited diversification but high concentration of exports towards oil and gas in part of these countries. The paper addresses also the dynamic processes of gas and oil revenues with their time trends. It also attempts linking revenues to international oil prices before...

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.)

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)

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.

Export and Economic Growth in the Case of the Manufacturing Industry: Panel Data Analysis of Developing Countries

Directory of Open Access Journals (Sweden)

Emine Kılavuz

2012-01-01

Full Text Available The correlation between growth in export and economic growth, which is called “Export-led Growth Hypothesis” in the literature, is still a current issue in both the theoretical and empirical literature. In the present study, the effect of different classifications of export and import on economic growth in 22 developing countries in the 1998–2006 period was tested based on two models, via panel data analysis. According to the results of the first model, the analysis of which included variables such as high and low-tech manufacturing industry exports, investment and population, it was found that only two variables, high-tech manufacturing industry export and investment, have a positive and significant effect on growth. In addition to the first model which included the analysis of all variables, the second model investigated the effect of high and low-tech manufacturing industry imports on growth. The findings revealed that only high-tech manufacturing industry export, investment and low-tech manufacturing industry import have a positive and significant effect on growth.

Exporting the 'Norwegian Model': The effect of administrative design on oil sector performance

Energy Technology Data Exchange (ETDEWEB)

Thurber, Mark C., E-mail: mark.thurber@stanford.edu [Program on Energy and Sustainable Development, Stanford University, Stanford, CA 94305 (United States); Hults, David R. [Program on Energy and Sustainable Development, Stanford University, Stanford, CA 94305 (United States); Heller, Patrick R.P. [Revenue Watch Institute, New York, NY 10019 (United States)

2011-09-15

Norway has administered its petroleum resources using three distinct government bodies: a national oil company engaged in commercial hydrocarbon operations; a government ministry to direct policy; and a regulatory body to provide oversight and technical expertise. Norway's relative success in managing its hydrocarbons has prompted development institutions to consider whether this 'Norwegian Model' of separated government functions should be recommended to other oil-producing countries. By studying ten countries that have used widely different approaches in administering their hydrocarbon sectors, we conclude that separation of functions is not a prerequisite to successful oil sector development. Countries where separation of functions has worked are characterized by the combination of high institutional capacity and robust political competition. Unchallenged leaders often appear able to adequately discharge commercial and policy/regulatory functions using the same entity, although this approach may not be robust against political changes. Where institutional capacity is lacking, better outcomes may result from consolidating commercial, policy, and regulatory functions until such capacity has further developed. Countries with vibrant political competition but limited institutional capacity pose the most significant challenge for oil sector reform: Unitary control over the sector is impossible but separation of functions is often difficult to implement. - Highlights: > The 'Norwegian Model' separates commercial, policy, and regulatory functions in oil. > We study ten oil-producing countries to assess the separation of functions model. > The model is useful where there is institutional capacity and political competition. > Consolidation of functions can work better when political power is concentrated. > Countries with low capacity may also be better off consolidating functions.

The Chinese Export Displacement Effect Revisited

DEFF Research Database (Denmark)

Elleby, Christian; Yu, Wusheng; Yu, Qian

China’s global export share has increased dramatically over the past decades. This development has prompted an empirical literature on whether Chinese exports displace those originated from elsewhere in various destination markets. In this paper we focus on the growth of China’s exports to the East...... African Community (EAC) countries and show how it has affected exports from the European Union (EU) to the EAC. Our main contribution to the literature on the displacement effect of Chinese exports is a set of total and relative displacement estimates based on different specifications of the gravity model...... where we control for country-year fixed effects so as to avoid the “gold medal mistake” of not accounting for time varying “multilateral resistance”. Our findings do not support the hypothesis that Chinese exports have displaced exports from other countries in general. Nor do they support the hypothesis...

Do oil price shocks matter? Evidence for some European countries

International Nuclear Information System (INIS)

Cunado, Juncal; Gracia, Fernando Perez de

2003-01-01

This paper analyzes the oil price-macro economy relationship by means of analyzing the impact of oil prices on inflation and industrial production indexes for many European countries using quarterly data for the period 1960-1999. First, we test for cointegration allowing for structural breaks among the variables. Second, and in order to account for the possible non-linear relationships, we use different transformation of oil price data. The main results suggest that oil prices have permanent effects on inflation and short run but asymmetric effects on production growth rates. Furthermore, significant differences are found among the responses of the countries to these shocks. (Author)

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

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.

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

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...

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

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

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

Budget deficit remedies and their impact on the non-oil sectors of an oil-exporting country: the case of Kuwait

International Nuclear Information System (INIS)

Eltony, M.N.

1998-01-01

A model for the non-oil production side of the Kuwaiti economy was developed and estimated. The model, then, was simulated according to various scenarios designed to eliminate the budget deficit by the year 2000, in order to examine the effect on the non-oil sector of the economy. The results indicate that, in terms of its impact on non-oil GDP, the extreme case scenario is harsh, bringing down the level of non-oil GDP by more than 20% by the year 2000 from its level in 1993. The impact on the budget deficit may be very positive, but non-oil production and consumption will decline very rapidly, creating widespread hardship across all economic sectors. The results suggest a better option lies in adopting either of two intermediate case scenarios. While each of these will also cause a decline in non-oil GDP, it will not be to the extent caused by the extreme case scenario

Energy exporters and climate change. Potential economic impacts of climate policy

International Nuclear Information System (INIS)

Wit, R.C.N.

1997-06-01

This review paper has been written on a commission by the Royal Institute of International Affairs (RIIA) in London and is part of a project to investigate the possible impact of greenhouse gas mitigation policies on energy markets and therefore on countries exporting oil, gas and coal. The aim of the project conducted by RIIA is to achieve a better understanding of the role of energy exporters in international climate change negotiations on the road towards the second Conference of Parties in Kyoto at the end of 1997 and the underlying national strategies. All four 'economy'-oriented global model studies reviewed in this paper indicate that CO2-reduction policies would cause wide differences in welfare effects across regions. It appears that energy-exporting countries would suffer the greatest welfare losses. Although several policy instruments can be implemented to achieve CO2-emission reductions, only carbon taxes are considered in the models. The model results show that if world level CO2 emissions are approximately stabilized at their 1990 levels, the cumulative losses in GDP of energy exporters generally range between 3% and 12% by 2010. It should be strongly emphasized that the sign and magnitude of the economic impact of CO2 policy on energy exporters depend critically on how the policy instrument is designed. In the case of a carbon tax the following factors are crucial: (1) the choice between a consumption and a production tax, (2) whether it is based on a global or unilateral agreement, (3) the mode of revenue redistribution among countries and (4) whether emission trading is allowed. 27 refs

ON THE VALIDITY OF PURCHASING POWER PARITY: EVIDENCEFROM ENERGY EXPORTING SUB-SAHARAN AFRICA COUNTRIES

Directory of Open Access Journals (Sweden)

Ntokozo Patrick Nzimande

2015-01-01

Full Text Available Substantial amount of studies have examined the validity of mean-reversion onthe real exchange rate. However very limited studies of this nature have beenconducted in Sub-Saharan Africa countries, particularly energy exportingcountries, hence this study endeavors to find evidence for or against the mean-reversion of the real exchange rate. There is, however inadequate data requiredfor the statistical significance for Sub-Saharan African currencies. Hence thisstudy uses a panel of 5 energy exporting countries, i.e. South Africa,Mozambique, Congo Republic, Nigeria and Angola, to examine the validity of thepurchasing power parity. Relying on the Im, Pesaran and Shin and the Fisher ADFproposed panel unit root tests the study fails to reject the null hypothesis of a unitroot when small sample size is employed however by extending sample size andemploying different price index, i.e. traded goods prices instead of GDP deflatorsthe study reject the null hypothesis of a unit root and hence concludes thepurchasing power parity holds in Sub-Saharan African energy exporting countriesconsidered in the study.

Export regulation

International Nuclear Information System (INIS)

Gates, D.J.

1978-01-01

Australia is a major uranium supplier. Uranium is exported under conditions laid down to avoid any nuclear proliferation. On 24 May 1977 the Prime Minister had stated the main elements of Australian policy: the strengthening of the system of international safeguards and the selection of importing countries. (Non-nuclear weapon states must be Contracting Parties to the NPT. Nuclear weapon states must undertake not to use Australian uranium for this purpose). Australia retains property of the uranium up to the UF 6 stage (uranium hexafluoride) in the fuel cycle; it reserves the right to stop any export if the importing country no longer complies with AIEA Safeguards. Any transfer to a third country, any irradiated fuel reprocessing, requires Australia's prior agreement. Finally, importing countries must satisfy physical protection conditions. (NEA) [fr

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)

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...

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)

The Impacts of U.S. Cotton Programs on the West and Central African Countries Cotton Export Earnings

OpenAIRE

Fadiga, Mohamadou L.; Mohanty, Samarendu; Pan, Suwen

2005-01-01

This study uses a stochastic simulation approach based on a partial equilibrium structural econometric model of the world fiber market to examine the effects of a removal of U.S. cotton programs on the world market. The effects on world cotton prices and African export earnings were analyzed. The results suggest that on average an elimination of U.S. cotton programs would lead to a marginal increase in the world cotton prices thus resulting in minimal gain for cotton exporting countries in Af...

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.

76 FR 76698 - Dominion Cove Point LNG, LP; Application To Export Domestic Liquefied Natural Gas to Non-Free...

Science.gov (United States)

2011-12-08

..., allegedly dwarfs the amount of LNG that DCP proposes to export. Second, based on a sector-by-sector outlook... economic benefits, as detailed in the ICF Consulting Study (Appendix C of the Application): A. An... oil in other countries, thereby reducing global greenhouse gas emissions significantly over the...

Nuclear exportation and importation - the Brazilian situation

International Nuclear Information System (INIS)

Lavos Coimbra, G.

1986-01-01

The author proposes to set up a working group which should be responsible for the compilation of laws, procedures, and national policies for the nuclear importation and exportation in the supplying and receiving countries. Shared international views would simplify the flow of imports and exports between the countries. The author describes the different phases of exportation and importation of nuclear material are processed in her country, Brazil. (CW) [de

NEW APPROACHES TO EXPORT COMPETITIVENESS

Directory of Open Access Journals (Sweden)

Alina Petronela NEGREA

2015-04-01

Full Text Available The economic literature and the political discourse typically look at international competitiveness mainly by the means of export market shares. However, globalisation, production fragmentation and the growing importance of global value chains (GVCs increasingly challenge traditional approaches of export competitiveness and call for a more accurate and disaggregated level of analysis. Due to the growing fragmentation of production, a country exports now include a significant amount of imports of intermediate goods which are part of the export value. In this case, a simple analysis of the evolution of exports can distort the international competitive position of a country. The article suggests a new approach based on the value-added content of international trade measured by means of global value chain analysis.

Angola - an Oil Dependant Country in Sub-Saharan Africa

Directory of Open Access Journals (Sweden)

Baumgartner Boris

2016-12-01

Full Text Available The Sub-Saharan Africa belongs to the most underdeveloped regions in the world economy. This region consists of forty nine countries but it’s world GDP share is only a small percentage. There are some very resource rich countries in this region. One of them is Angola. This former Portuguese colony has one of the largest inventories of oil among all African countries. Angola recorded one of the highest growth of GDP between 2004-2008 from all countries in the world economy and nowadays is the third biggest economy in Sub-Saharan Africa after Nigeria and South Africa. The essential problem of Angola is the one-way oriented economy on oil and general on natural resources. Angola will be forced to change their one-way oriented economy to be more diversified and competitive in the future.

The outlook for the world and Australian oil markets

International Nuclear Information System (INIS)

Donaldson, K.; Fok, G.

1996-01-01

Global demand for oil is projected to continue its upward trend to 2000-1, with growth in the transport sector expected to underpin future increases in oil consumption. World oil consumption is projected to be matched by global production, keeping the average annual oil price relatively stable. In many countries, the diversion of oil revenue to other projects is threatening to constrain increases in production capacity, particularly in the OPEC countries. The encouragement of foreign investment in state oil industries is a likely method of easing the constraint. Australian exploration activity is rising steadily with the prospect of stable oil prices, expanding gas markets and the incentives provided by a number of recent discoveries. While the geographical pattern of Australian production has now changed, with Western Australian production exceeding Victoria production, Australia is expected to maintain its position in the world oil market as a significant producer, importer and exporter. (author). 6 figs., 23 refs

Export markets for nuclear technology

International Nuclear Information System (INIS)

Huettl, A.J.

1985-01-01

By late 1984, nuclear power plants were in operation or under construction in 32 countries of the globe. An additional six countries had concrete plans for building nuclear power plants. Of these 38 countries, ten have shown that they posses the necessary know-how and the technical facilities to plan and build nuclear power plants practically on their own. Seven of these ten countries have already acted as exporters of nuclear power plants, albeit with very different degrees of market penetration. In addition, there have been a number of countries for quite some time whose industries have managed to manufacture many important nuclear power plant components. Their high level of technical development and the problems frequently encountered in export financing have made them very attractive partners of the true exporters of nuclear power plants. For the future, it must be expected that some of the countries which have so far limited their efforts to the construction of nuclear power plants at home will also develop into exporters of nuclear technology. The report contains a survey of the range of nuclear products available, a list of reactor vendors, reactor lines, and data on the economics of electricity generation in nuclear plants. It then goes on to offer detailed descriptions of the market and the demand situation. Interesting chapters are devoted to the selection criteria applied by importing countries, to financing problems, and to the influences exerted by the political environment. A realistic forecast is attempted in order to make a quantitative analysis of possible export contracts up until the year 2000. (orig.) [de

The fluctuations in oil prices in the OPEC countries and the impact on the world oil market

Directory of Open Access Journals (Sweden)

Buryanova N.V.

2017-08-01

Full Text Available the article examines the issues of influence of OPEC countries on the international oil market. Also, the author analyzes the state of the oil market and fluctuations in oil prices at the macroeconomic level for 2011–2016.

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

Monitoring Agricultural Production in Primary Export Countries within the framework of the GEOGLAM Initiative

Science.gov (United States)

Becker-Reshef, I.; Justice, C. O.; Vermote, E.

2012-12-01

Up to date, reliable, global, information on crop production prospects is indispensible for informing and regulating grain markets and for instituting effective agricultural policies. The recent price surges in the global grain markets were in large part triggered by extreme weather events in primary grain export countries. These events raise important questions about the accuracy of current production forecasts and their role in market fluctuations, and highlight the deficiencies in the state of global agricultural monitoring. Satellite-based earth observations are increasingly utilized as a tool for monitoring agricultural production as they offer cost-effective, daily, global information on crop growth and extent and their utility for crop production forecasting has long been demonstrated. Within this context, the Group on Earth Observations developed the Global Agricultural Monitoring (GEOGLAM) initiative which was adopted by the G20 as part of the action plan on food price volatility and agriculture. The goal of GEOGLAM is to enhance agricultural production estimates through the use of Earth observations. This talk will explore the potential contribution of EO-based methods for improving the accuracy of early production estimates of main export countries within the framework of GEOGLAM.

Investigating a Random Walk in Air Cargo Exports of Fresh Agricultural Products: Evidence from a Developing Country

Directory of Open Access Journals (Sweden)

Mawanga Freddie Festo

2017-04-01

Full Text Available Since the 1990s exports of fresh agricultural products by air from Uganda have been increasing and making a significant contribution to her International trade. Products include mostly fish, flowers, papain, and vanilla constituting over 95% of all air exports. Farming of the items is mainly by small scale farmers who depend on the natural climate of the country. Consequently, monthly yields are also climate dependent making individual export volumes unpredictable. In spite of these uncertainties, this study was intended to investigate possible existence of a model in the trends. Monthly data were collected from Uganda Civil Aviation Authority from 2009 to 2012. Analysis was by using ARIMA Approach with the help of Eviews 8. Visually the data exhibited irregular patterns and without a trend or seasonality. First order differencing stationarised the data and the residuals had a random non-significant noise suggesting a Random Walk Model expressed as ARIMA (0, 1, 0 and a negative drift. The model shows a link between current and one lag export volumes and the negative drift is a convergence of successive differences in export volumes. These findings have policy implications in expansion and forecasting of the exports potential of applicability of Random Walk Theory in practice.

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.

The opening up of Middle Eastern Oil Producing countries

International Nuclear Information System (INIS)

Giannesini, J.F.

2000-01-01

Between them, Saudi Arabia, Iraq, Iran and Kuwait control nearly 56 % of the world's oil reserves. They account for almost 25 % of production. There are signs that they are opening their territories to foreign companies in different ways and to various degrees, according to the country. The reasons are technical (decline of production and human resources), economic (increasing state budgetary requirements and growing oil production investment costs) and geopolitical (protective military isolation of territories and regimes). The opening up to these countries will in the future, have a major impact on the strategies of large western company operators. (authors)

Comparative studies of oil product regulation in polluted soil for several industrialized countries

Science.gov (United States)

Paccassoni, F.; Kalnina, D.; Piga, L.

2017-10-01

Oil contaminated sites are the consequence of a long period of industrialization. Oil is a complex mixture including aliphatic and aromatic hydrocarbons, which are known to have negative effects on human health and the environment. Dividing oil products in groups (fractions) of petroleum hydrocarbons that act alike in soil and water, one can better know what happens to them. Being able to understand the behaviour of oil products in soil, it will allow to implement prevention and remediation actions. Interventions on contaminated sites are bound to comply with regulatory limits that each country has set in their own environmental legislation. The different concentration thresholds of oil products in soil for several EU countries and Canada has led to compare: limit values, analytical method, soil characteristics and/or land use. This will allow to evaluate what could be the best regulation approach, assessing if it is better to consider soil matrix in the site or the specific land use or both of them. It will also assess what is the best analytical methodology to be adopted to achieve the pollutant concentrations in the soil in order to have comparable results among different countries, such as: Baltic countries (Latvia, Estonia, Lithuania), Nordic countries (Finland, Sweden, Norway, Denmark), Western countries (Italy and The Netherlands) and Canada, like gaschromatography in the range from C10 - C50. The study presents an overview of environmental regulatory system of several EU countries and Canada and the correlation between different parameters about oil products indicated in each environmental legislation.

Enlarging the EU's internal energy market: Why would third countries accept EU rule export?

International Nuclear Information System (INIS)

Prange-Gstoehl, Heiko

2009-01-01

Why would countries without a membership perspective seek integration into the EU's internal energy market? One major element of the EU's external energy policy is the export of EU energy norms and regulations to neighbourhood countries and beyond. A core legal instrument the EU uses in this context is the Energy Community Treaty (ECT). The ECT goes both geographically and regarding its depth significantly beyond neighbourhood or association policies, addressing potentially also countries in the 'far neighbourhood' and aiming at the creation of a Single Market for energy with these countries. While, however, EU candidate countries are obliged to adopt the 'acquis' before accessing the EU and therefore comply to EU rules already before they enter the Club, I argue that countries with no or only a vague membership perspective - i.e. countries where the EU cannot apply the 'conditionality' - approach (e.g., ENP countries)-aim at deeper integration with the EU because they are either eager to demonstrate their capability and potential to become part of the Club, they seek greater independence from a regional hegemon or they envisage significant economic gains as common norms, rules and standards are likely to increase economic exchange with the EU.

The Effects of Crude Oil on Stock Markets with use of Markov Switching Models

OpenAIRE

Wiese, Thor August Mediaas

2016-01-01

In this thesis, a two regime Markov switching (MS) model is implemented to examine the relationship between crude oil, both brent oil and WTI, and stock markets. In particular, the model is applied to stock markets in both oil importing and exporting countries which include Canada, China, Japan, Germany, Netherlands, Norway, the United Kingdom and the United States. This paper first evaluates the significance of oil parameters in the detected regimes, where the two regimes respond to low mean...

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.

The economic cost of low domestic product prices in OPEC Member Countries

International Nuclear Information System (INIS)

Guerer, N.; Ban, J.

2000-01-01

The present state of subsidies on major oil products (gasoline, kerosene, diesel and fuel oil) in OPEC Member Countries is analysed, in order to quantify their economic cost, keeping in mind the importance of reforming or gradually removing subsidies as one of the crucial economic challenges facing many Member Countries. The paper begins with a general definition and description of subsidies, then discusses briefly the key issues in reforming/removing them, with the potential benefits. Following a section on subsidy level estimations in recent years, the subsidy implications in terms of the accruing budget burden and foregone revenues from additional export potential are presented. This is together with some arguments supporting the process of adjustment towards internationally competitive prices for oil products as an inescapable development for Member Countries; this should progress in gradual, but firm steps. (author)

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

The effectiveness of policies to transform a gas-exporting country into a gas-transit country: The case of The Netherlands

International Nuclear Information System (INIS)

Schipperus, Ouren T.; Mulder, Machiel

2015-01-01

The Netherlands has been a major European natural gas producer and exporter for many decades, but now faces the challenge to deal with diminishing resources. In response, the Dutch government initiated a gas-hub strategy, which is the policy to transform the gas industry from an export-oriented business into a transit-oriented business. This policy included a number of investments in the gas infrastructure as well as institutional reforms to enhance the liquidity of the gas market. We study the effects of this gas-hub policy. Using hourly data on the Dutch gas balance over the period 2006–2013, we find that gas storage and trading have become more important, but that the level of gas in transit in the Netherlands remained fairly constant. Consequently, the Dutch gas industry is still mainly oriented on domestic production and export of gas, while the Dutch gas hub (TTF) has become a key virtual trading place. The policy lesson from the Dutch experience is that implementing a gas-hub strategy requires significant investments in the gas infrastructure, while their effects do not necessarily become visible in the short run. -- Highlights: •The Netherlands has been a major gas producer and exporter for decades. •This country implemented a gas hub policy to deal with diminishing resources. •We study the effects of this policy using hourly data over the period 2006–2013. •Storage and trading became more important, but transit hardly grew. •The investments in the gas hub did not have clear effects in the short term

A survey of oil product demand elasticities for developing countries

International Nuclear Information System (INIS)

Dahl, Carol

1994-01-01

As more and more developing countries join the ranks of the rich they will consume both more oil and higher percentage of the lighter products. To satisfy this growing demand oil production and refinery capacity that can provide the right quantity and mix of products must be developed. In a companion piece, Dahl (1993) found the total demand for oil to be price inelastic (-0.34) and income elastic (1.32) These elasticities can give information on the total quantity of oil that might be demanded, the total amount of distillation capacity that might be needed and the overall increases in product prices that might be necessary to choke off demand growth. However, with this overall growth in product demand, the more the shift towards the lighter portion of the barrel, the more complex the refinery and the greater the demand for downstream capital. To provide information on this mix in developing countries in the coming years, this paper surveys the available work on econometric demand elasticities by oil product. (author)

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.

Private hydropower projects: exporting the american experience

International Nuclear Information System (INIS)

Rogers, W.L.; Bourgeacq, J.P.

1991-01-01

This paper addresses different aspects of exporting the American knowledge and experience in the private development of small-scale hydropower projects. It details the 'export' and 'adaptation/translation' of American PURPA philosophy to other countries. The major stumbling blocks on the road to exportation are listed. The subject countries'market evaluation is explained, as well as methods for researching and gathering the necessary information on a specific country. Methods of choosing a target country are discussed, and the criteria necessary for making a choice are detailed. The subject of legal framework and privatization of power generation issues overseas and the ways and means to help the 'export of U.S. expertise' through U.S. Government programs are described. The subjects of financing and joint ventures with local entities are also included in this paper. Various scenarios for private development overseas are presented

The impact of oil price shocks. Evidence from the industries of six OECD countries

International Nuclear Information System (INIS)

Jimenez-Rodriguez, Rebeca

2008-01-01

Most of the studies about the macroeconomic consequences of oil price shocks have been focused on US aggregate data. In contrast to these studies, this paper empirically assesses the dynamic effect of oil price shocks on the output of the main manufacturing industries in six OECD countries. The pattern of responses to an oil price shock by industrial output is diverse across the four European Monetary Union (EMU) countries under consideration (France, Germany, Italy, and Spain), but broadly similar in the UK and the US. Moreover, evidence on cross-industry heterogeneity of oil shock effects within the EMU countries is also reported. (author)

The adaptation of national companies to a new oil environment

International Nuclear Information System (INIS)

Boussena, S.

1994-01-01

The national oil companies of exporting countries are facing a changing economic world, a remaining low oil price and many other economic and political changes. They have to adapt to this new environment. To do this they have to define a better balance between their corporate targets and the function which is given to them through state ownership. They need an actual modernization which does not necessarily imply privatization. (Author). 3 figs., 5 tabs

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

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.

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.

Dutch Disease and Nigeria Oil Economy | Otaha | African Research ...

African Journals Online (AJOL)

The paper examines why the enormous promises held out by the inflow of revenues from oil export has not made any significant improvement in the lives of Nigerians and the economy as a whole. The paper traces the problem to the inherent contradictions, anomalies, and problems associated with countries that depend ...

Tools for Export Promotion in the Context of Globalization

Directory of Open Access Journals (Sweden)

Pugachevska Kateryna S.

2017-12-01

Full Text Available A comparative analysis of the rate of growth in exports of goods and GDP is carried out, and goods exports to GDP ratio in the context of the developed countries, developing countries, and countries with the transition economy is calculated. This allows to make a conclusion about a decrease in importance of exports as a key engine of the world economic growth during the past years. The legal basis of the WTO’s activities in terms of state support for exports is described. The main reasons for the emergence of a conflict of interests between countries with different levels of economic development concerning the use of individual protectionist barriers are revealed. Potential long-term consequences of the growth of export orientation under conditions of openness of national economies are identified. The measures and tools of the country’s export promotion in foreign markets are studied. It is grounded that under conditions of destabilization of global trade regulators, effective export promotion is a mechanism for increasing the competitiveness of the national economy of Ukraine. Prospects for further research in this area are the determination of instruments to stimulate exports, which have the greatest impact on the export orientation of certain economic activities.

The environmental challenges facing a Chinese oil company in Chad

International Nuclear Information System (INIS)

Van Vliet, Geert; Magrin, Geraud; Dittgen, Romain; Tavares, Marie-Adeline; Doudjidingao, Antoine; Maoundonodji, Gilbert; Liang, Guohuang; Wang, Fan; Yang, Weiyong; Lin, Yiran

2012-11-01

This book analyses the factors that influence environmental management in the CNPC when operating outside of China, in the outer margins of the world oil system, specifically in Chad, a Least Developed Country. Within a sector marked by the regulations inherited from the Exxon project in Doba (implemented since 2000 with initial World Bank support), the 2007 CNPC Ronier project aims at refining part of the extracted oil and exporting the remainder, most probably through the pipeline built under the Exxon Doba project. The question of the compatibility between the systems of reference and practices in both firms thus arises. Through the prism of social and environmental responsibility, this text analyses the challenges in the interaction between Chinese oil firms, host countries and OCDE-based firms. (authors)

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

THE IMPACT OF CHINA´S ACCESSION TO WTO ON THE EXPORTS OF DEVELOPING COUNTRIES

OpenAIRE

S.M. Shafaeddin

2002-01-01

Using the "revealed competitive advantage indices" for exports and imports, the paper is devoted to the analyses of the vulnerability of selected developing countries if China´s competitive position is improved due to its entry to WTO. In contrast to the existing literature which concentrates on labour-intensive products as a group, this paper considers products at a disaggregate level since products in the same group are not often homogeneous. In labour-intensive manufactured goods, China co...

Energy balances of OECD countries 1970/1982

International Nuclear Information System (INIS)

Anon.

1984-01-01

The present volume provides standardized energy balance sheets expressed in a common unit of tons of oil equivalent for all OECD Countries. It covers the years 1970 to 1982 year by year and includes many revisions and additions to data previously published. The balances in the present volume are based on data published in OECD Energy Statistics 1971-1981 and OECD Energy Statistics 1981-1982. Tables for each OECD Country include production, import, export, consumption by the different industries, transportation, agriculture, residential sector of the different energies: solid fuels, petroleum, gas, nuclear power and hydroelectricity [fr

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.

Reserve growth of the world's giant oil fields

Science.gov (United States)

Klett, T.R.; Schmoker, J.W.

2005-01-01

Analysis of estimated total recoverable oil volume (field size) of 186 well-known giant oil fields of the world (>0.5 billion bbl of oil, discovered prior to 1981), exclusive of the United States and Canada, demonstrates general increases in field sizes through time. Field sizes were analyzed as a group and within subgroups of the Organization of Petroleum Exporting Countries (OPEC) and non-OPEC countries. From 1981 through 1996, the estimated volume of oil in the 186 fields for which adequate data were available increased from 617 billion to 777 billion bbl of oil (26%). Processes other than new field discoveries added an estimated 160 billion bbl of oil to known reserves in this subset of the world's oil fields. Although methods for estimating field sizes vary among countries, estimated sizes of the giant oil fields of the world increased, probably for many of the same reasons that estimated sizes of oil fields in the United States increased over the same time period. Estimated volumes in OPEC fields increased from a total of 550 billion to 668 billion bbl of oil and volumes in non-OPEC fields increased from 67 billion to 109 billion bbl of oil. In terms of percent change, non-OPEC field sizes increased more than OPEC field sizes (63% versus 22%). The changes in estimated total recoverable oil volumes that occurred within three 5-year increments between 1981 and 1996 were all positive. Between 1981 and 1986, the increase in estimated total recoverable oil volume within the 186 giant oil fields was 11 billion bbl of oil; between 1986 and 1991, the increase was 120 billion bbl of oil; and between 1991 and 1996, the increase was 29 billion bbl of oil. Fields in both OPEC and non-OPEC countries followed trends of substantial reserve growth.

OPEC (Organization of the Petroleum Exporting Countries) annual statistical bulletin, 1987

Energy Technology Data Exchange (ETDEWEB)

1987-01-01

Following upon the traumatic events which characterized the international oil markets in 1986, when crude prices plunged in mid-year to below $10.00 a barrel, 1987 began auspiciously foe OPEC's unremitting efforts to restore stability to the price scene. The Organization's decision in December 1986, to return to a fixed-price system for crude at an average of $18.00 a barrel, and agreed production levels for individual Member Countries, and for OPEC as a whole, undoubtly served to steer the oil industry away from the unprecedented turbulence of 1986 into calmer waters in the new year. The $18-a-barrel price was welcomed and regarded as being sustainable, both for OPEC and non-OPEC oil producers, and for the suppliers of other forms of energy. And in the early months of 1987, OPEC's strategy proved manifestly successful: prices rose dramatically, reaching levels equal to, and sometimes surpassing OPEC's reference price. Its credibility restored, the Organization looked forward to making progress towards its goal of sustainable oil prices in a stable environment. But the oil market is a highly sensitive barometer, which reacts quickly to the slightest pressure. Alas, in the second half of the year, disturbing trends emerged, indicating that the healthy upward movement of prices was being undermined: over-supply, fed by increased production on the part of non-OPEC producers, accelerated oil stock build-up by consumers are a time of increased tension in the Gulf, and, unfortunately, over-production on the part of some OPEC Members, combined to threaten the new-won stability.

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

How would the gas exporting countries forum influence gas trade?

International Nuclear Information System (INIS)

Wagbara, O.N.

2007-01-01

The cleanest burning fossil fuel, today, is natural gas. While many businesses have gone global, it has remained an exception. An impending challenge facing the industry, however, is the evolution of a cartel from the 5-year-old Gas Exporting Countries Forum. How would this new organization influence the trade of gas globally? Does its existence imply a threat to the development of gas trade? The paper reviews this fairly new organization within the context of the above questions. It is mainly a comparative study of the body in relation to OPEC's historical, political and economic development. Subsequently, the author proposes probable influence options available to the Forum and the impending consequence of such actions on the market. The outcome of this study calls for further analysis and research on new issues and questions of interest. (author)

How would the gas exporting countries forum influence gas trade?

International Nuclear Information System (INIS)

Wagbara, Obindah N.

2007-01-01

The cleanest burning fossil fuel, today, is natural gas. While many businesses have gone global, it has remained an exception. An impending challenge facing the industry, however, is the evolution of a cartel from the 5-year-old Gas Exporting Countries Forum. How would this new organization influence the trade of gas globally? Does its existence imply a threat to the development of gas trade? The paper reviews this fairly new organization within the context of the above questions. It is mainly a comparative study of the body in relation to OPEC's historical, political and economic development. Subsequently, the author proposes probable influence options available to the Forum and the impending consequence of such actions on the market. The outcome of this study calls for further analysis and research on new issues and questions of interest

PROJECT FINANCE THE ROLE OF EXPORT CREDIT AGENCIES IN PROJECT FINANCE

OpenAIRE

Fatma Ceren YALCIN

2013-01-01

The functions of Export Credit Agencies have an important place in the economies of countries in terms of contribution to economic growth. The developed countries follow various policies and constitute institutions for the development and support of export and export financing. Every country develops its own export-financing mechanism, according to its own economic situation within the existing legal framework. However, the privatization and economic deregulation actions in the approaches to ...

Demand for oil and energy in developing countries

Energy Technology Data Exchange (ETDEWEB)

Wolf, C. Jr.; Relles, D.A.; Navarro, J.

1980-05-01

How much of the world's oil and energy supply will the non-OPEC less-developed countries (NOLDCs) demand in the next decade. Will their requirements be small and thus fairly insignificant compared with world demand, or large and relatively important. How will world demand be affected by the economic growth of the NOLDCs. In this report, we try to develop some reasonable forecasts of NOLDC energy demands in the next 10 years. Our focus is mainly on the demand for oil, but we also give some attention to the total commercial energy requirements of these countries. We have tried to be explicit about the uncertainties associated with our forecasts, and with the income and price elasticities on which they are based. Finally, we consider the forecasts in terms of their implications for US policies concerning the NOLDCs and suggest areas of future research on NOLDC energy issues.

Exporting by Migrants and Indigenous Entrepreneurs

DEFF Research Database (Denmark)

Ashourizadeh, Shayegheh; Schøtt, Thomas; Pişkinsüt Şengüler, Ece

2016-01-01

Migrants may become entrepreneurs in their host countries. They may utilize their dual embeddedness in both the home country and the host country, and also use transnational links to gain a competitive advantage in exporting compared to indigenous entrepreneurs. Migrant entrepreneurs’ advantage may......, however, be contingent on attributes such as gender and education, especially among the first generation of migrants, in that being male and educated is more advantageous for migrants than for indigenous entrepreneurs. A representative sample of 50,371 entrepreneurs establishing or operating enterprises...... around the world was surveyed in the Global Entrepreneurship Monitor, which reports on migration and exporting. Hierarchical linear modeling shows that migrant entrepreneurs export more than indigenous entrepreneurs, especially in the first generation, and especially among educated and male migrants...

Reliable in the long run? Petroleum policy and long-term oil supplier reliability

International Nuclear Information System (INIS)

Toft, Peter; Duero, Arash

2011-01-01

Accelerating oil import dependence in energy consuming nations highlights the importance of having energy supplies at sufficient levels and at stable and reasonable prices. Consequently, it is crucial that oil exporters realize their full production potential. Current debates on energy security are often focused on short-term risks e.g. sudden disruptions due to wars, domestic instability, etc. However, when it comes to assessing oil supplier reliability it is equally important to assess their longer term ability and willingness to deliver oil to the global market. This study analyzes the effects of petroleum investment policies on crude oil production trends in 14 major oil producing countries (2000-2010) by focusing on the political-institutional frameworks that shape the investment conditions for the upstream oil sector. Our findings indicate that countries with less favorable oil sector frameworks systematically performed worse than countries with investor friendly and privatized sectors. The findings indicate that assessments based on remaining reserves and planned production capacities alone could inflate expectations about future oil supplies in a world where remaining crude reserves are located in countries with unfavorable investment frameworks. - Highlights: → We explore if policies favoring state-ownership in upstream oil undermine output expectations. → We compare petroleum policies of 14 major oil producers vis-a-vis production trends 2000-2010. → We find major differences between countries favorable to state-owned or private investors. → Substantial private investment seems needed for oil production to meet long-term demand growth.

Government chartered banks step up oil and gas lending

International Nuclear Information System (INIS)

Crow, P.

1994-01-01

International government chartered banks are playing an increasingly prominent role in lending for world oil and gas development projects. The main players are the World Bank's International Finance Corp. (IFC), European Bank for Reconstruction and Development (EBRD), US Export-Import Bank, and Overseas Private Investment Corp. (OPIC). Those institutions and similar ones are the catalysts for a large number of projects in the former Soviet Union (FSU) and in other nations that are seeking to develop oil and gas resources and build processing plants, pipelines, and distribution networks. Banks also are taking a greater degree of interest in the environmental aspects of projects. In country after country, especially in the developing world, barriers to foreign investment in domestic petroleum sectors are falling. Oil and gas law reforms are under way on each continent. The paper discusses the major players, the World Bank grouped, the Romanian example, the Ex-Im Bank, OPIC, the emphasis on FSU, environmental issues, and new sources of capital in developing countries

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.

Canada's reactor exports

International Nuclear Information System (INIS)

Morrison, R.W.

1981-01-01

A brief sketch of the development of Canada's nuclear exports is presented and some of the factors which influence the ability to export reactors have been identified. The potential market for CANDUs is small and will develop slowly. The competition will be tough. There are few good prospects for immediate export orders in the next two or three years. Nonetheless there are reasonable opportunities for CANDU exports, especially in the mid-to-late 1980s. Such sales could be of great benefit to Canada and could do much to sustain the domestic nuclear industry. Apart from its excellent economic and technical performance, the main attraction of the CANDU seems to be the autonomy it confers on purchasing countries, the effectiveness with which the associated technology can be transferred, and the diversification it offers to countries which wish to reduce their dependence on the major industrial suppliers. Each sales opportunity is unique, and marketing strategy will have to be tailored to the customer's needs. Over the next decade, the factors susceptible to Canadian government action which are most likely to influence CANDU exports will be the political commitment of the government to those reactor exports, the performance established by the four 600 MWe CANDUs now nearing completion, the continuing successful operation of the nuclear program in Ontario, and the co-ordination of the different components of Canada's nuclear program (AECL, nuclear industry, utilities, and government) in putting forth a coherent marketing effort and following through with effective project management

The importance of the oil sector in the national economy

International Nuclear Information System (INIS)

Montenegro Santiago

2001-01-01

The paper is about the oil sector in Colombia as for their growing importance in the economy of the country in the last years, leaving of the base that this strategic sector for the economy for its high participation in the gross internal product, generates a very high percentage of the total exports and because it is also a very important source of fiscal resources for the national government as for the sectional governments. This writing is centered fundamentally in the analysis related with the production and export of raw petroleum

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.

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

The Effects of Oil Price Shocks on IIP and CPI in Emerging Countries

Directory of Open Access Journals (Sweden)

Yukino Sakashita

2016-09-01

Full Text Available In this paper, we investigate the effects of oil price shocks on the production and price level in five emerging countries through comparison with the United States, using a two-block structural VAR model of the global crude oil market proposed by Kilian and Park (see International Economic, vol. 50, 2009, pp. 1267–1287. Our main finding is that the effect of oil price shocks on the index of the industrial production (IIP and consumer price index (CPI in emerging countries also depends on where the changes fundamentally come from (this is also the case for the United States. We also found that some emerging countries showed unique impulse response patterns, the shapes of which are different from those of the United States and there are differences in impulse response patterns among emerging countries.

Import-Export Business Plan

OpenAIRE

Asad, Muhammad

2014-01-01

Import export businesses, also known as international trading, are one of the hottest commercial trends of this decade. Since the owner of an import export enterprise, can work as a distributor by focusing on exporting and importing goods and services that cannot be obtained on national soil. With a rapidly growing population of about 150 million, Pakistan is a major country, recognized by the international community, and is one of the most important actors in the Islamic world. Based on its ...

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

The domestic natural gas industry in developing countries

International Nuclear Information System (INIS)

Klass, D.L.; Khan, R.A.; Khwaja, S.

1992-01-01

The domestic natural gas industry has generally exhibited slow growth in most developing countries that are fortunate enough to have sufficient proved gas reserves to meet energy needs. But supportive government policies that promote the use of indigenous reserves are now beginning to have a positive impact in many parts of the world. Supply and distribution infrastructures are being built or modernized. And natural gas is now or will be available at prices that encourage the displacement of competitive fuels in the larger, energy-intensive industrial and power-generation markets of these countries. It is expected that the domestic gas industry in many developing countries will expand at higher rates than in the past. In the next few decades, the resulting benefits will include reductions in oil consumption per capita, improvements in the balance of payments for oil-importing and exporting developing countries, greater efficiency of energy usage and lower energy consumption per output unit, and improved environmental quality. The national economies and living standards will also undergo significant advancement

Nuclear power, nuclear exports and the non-proliferation of nuclear weapons

International Nuclear Information System (INIS)

Hildenbrand, G.

1977-01-01

Developed and developing countries alike unfortunately have no other options in replacing oil in electricity generation than to use coal or nuclear energy. As far as the supplier countries are concerned, there is no doubt that nobody is interested in adding to the proliferation of nuclear weapons. On the other hand, the future electricity requirement in the developing countries, especially the need for nuclear power plants, represents a considerable market in the medium and long term which the supplier countries cannot simply ignore because they must seek to secure their export shares in order to protect jobs at home. For the receiver countries it is a matter of principle to achieve the highest possible degree of independence in energy generation so as to be able to guarantee continuity of supply. The interest in building up national fuel cycle activities is also closely linked with the creation of jobs in the receiver countries and with the efforts of these countries to straighten out their balance of payments situation. (orig.) [de

CRUDE OIL TRANSPORT FROM THE CASPIAN SEA REGION TO EUROPE

Directory of Open Access Journals (Sweden)

Adam Przybyłowski

2014-07-01

Full Text Available In the contemporary world, despite the growing importance and scale of the use of renewable energy , conventional energy resources still play a huge role. The European Union countries are dependent on the oil imports and the their main supplier of crude oil and natural gas has been the Russian Federation. After the collapse of the Soviet Union , the Caspian Sea region has become an alternative to Russian energy resources. The Unit-ed States , European Union, China and many other countries have shown their interest about this region. Despite a relatively large oil and natural gas reserves, the export of the-se commodities to the West is still problematic. Based on the available data and infor-mation, the publication explores the issue of energy resources transport directions with a particular emphasis on the crude oil from the Caspian Sea region to Europe.

Wage Inequality and Violent Protests in Oil/Gas Producing Countries

Science.gov (United States)

Nuraliyev, Nurlan

This work examines contrasting claims made by academic scholars on the relationship between income inequality and political discontent. Does income inequality directly cause social unrest or is this relationship conditional on the level of democratic development? Using the data from 55 oil/gas producing countries between 2010-2013, the author finds: 1) income disparity between an average income per capita of local population and an average income of foreign labor employed in the oil/gas industry results in higher number of violent protests in more democratic oil/gas producing societies; 2) wage disparity between local and foreign labor in the oil/gas industry is associated with higher number of protests in this industry in more democratic oil/gas producing states.

Cross dynamics of oil-stock interactions: A redundant wavelet analysis

International Nuclear Information System (INIS)

Jammazi, Rania

2012-01-01

The main aim of the present paper is to explore how the interactions between crude oil (CO) price changes and stock returns of five developed countries namely U.S.A, Canada, Germany, Japan and U.K., evolve simultaneously over time and frequency, in light of the conflicting evidence provided by much of recent studies on the sign and the direction of this relationship. To this end, we apply a more efficient wavelet tool, namely Haar à trous wavelet transform that helps circumvent the problems of the standard regression techniques and proves its effectiveness in encircling the real data features. In order to provide more credible conclusions, the wavelet variance, correlation and cross-correlation are implemented. In general, we extend the existing empirical works by providing more generalized and convincing results inherent to the stock-oil markets interactions which are usually reputed to be complicated. First, we find evidence that the wavelet variances of all the variables decrease with increasing scales. Second, from the analysis of the wavelet correlation, changes in CO and almost all the stock prices do not move together up to the intermediate scale, but since they abruptly shift their direction in unison. Third, results for the wavelet CCF at scales 2, 3 and/or 4 generally illustrate no transmission mechanism between CO and the stock market returns although we provide support for massive CO variations at these scales. In contrast, the CO-equity market relationships at higher scales become interconnected in a negative unidirectional pattern running from CO to stock market returns for only two oil importing countries but also Canada. For oil exporting countries, we have seen that while highly transient (scale 1) positive/negative causalities flowing from TSX stock market to CO changes are detected, highly persistent (scale 6) positive causality running from FTSE to the CO changes are rather found. Finally, the implications of the study's results vary depending

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.

Y2K and International Agricultural Transportation: Analysis of Export Markets, Import Suppliers, and Major Food Aid Recipient Countries

Science.gov (United States)

1999-09-01

USDA Y2K information assessment of international food transportation modes in : selected foreign countries. The assessment targeted 9 of the top 10 markets for : U.S. Agricultural exports and 7 of the top 8 suppliers of imported food products : to th...

The effect of private investment, exports, imports, inflation and GDP on per capita premium: Evidence from members of OPEC countries

Directory of Open Access Journals (Sweden)

Reza Abedini

2015-07-01

Full Text Available In this study, we examine the relationship between GDP, export, import, private sector investment and inflation on insurance per capita of OPEC countries. Insurance is a non-banking institution that by making sure and secure, can make and develop manufacturing and service rendering easier. Insurance companies can make financial steady and reduce stress. So, it plays essential role in economy. For this aim, data over the period 2003-2011 is collected. We use regression and SPSS software for analysis. Results for 80 year – country show that there was a positive and significant correlation between GDP, export, import, inflation and insurance per capita, which shows whenever productivity increases, insurance increases too. Results also show that there was a positive relationship between import and insurance per capita. In addition, results show that there was a positive and significant relationship between inflation and dependent variable. However, there was no significant relationship between exports and insurance per capita. The results show that there was no significant relationship between GDP and insurance per capita and finally, there was a non-significant and negative relationship between private sector investment and insurance per capita.

Understanding China's renewable energy technology exports

International Nuclear Information System (INIS)

Liu, Jialu; Goldstein, Don

2013-01-01

China became a major player in renewable energy (RE) technology during the 2000s. Chinese solar PV cell and module makers quickly dominated global sales in that industry, while the country's wind turbine producers became poised for significant exports after capturing their rapidly growing home market. In countries like the US, Chinese RE technology strength has been met with claims of excessive governmental support of exports. This study examines to what extent Chinese firms' solar PV and wind technology successes have been enabled by policy supports, and whether those policies appear to have been driven by broader goals versus RE export promotion per se. The evidence suggests that governmental policy toward both wind and solar originated in a push for export-competitive Chinese companies. But the specifics differed substantially due to the particular requirements of building technological capabilities in each: export readiness necessitated substantial support for domestic installation of wind but not solar PV power. The findings also suggest that as the decade of the 2000s progressed, environmental goals played an increasing role alongside export promotion in motivating and shaping Chinese RE technology policies. - Highlights: ► Export policy in the rise of Chinese renewable energy technologies is studied. ► Policy supported wind turbine firms' capabilities via domestic uptake, not exports. ► Pre-2009 solar module exports enjoyed, but did not depend on, export subsidies. ► Renewables development also fit wider technology and environmental policy goals.

The effect of the downturn in oil prices on the external surpluses of the GCC countries

International Nuclear Information System (INIS)

Metwally, M.M.

1993-01-01

The paper examines the impact of the downturn in oil prices on the performance of the external sectors of the members of the Gulf Co-operation Council (GCC). The paper also develops and tests a simultaneous-equations model to examine the interaction between the economies of the GCC and the rest of the world. The analysis shows that the slump in oil exports has reduced drastically the external surplus of the GCC and has resulted in structural shifts in the import and resource balance functions. (author)

Canada's nuclear export policy

Energy Technology Data Exchange (ETDEWEB)

Morrison, R W; Wonder, E F [Carleton Univ., Ottawa, Ontario (Canada)

1978-01-01

The factors influencing the evolution of Canada's nuclear export policy are examined. Initially, nuclear technology was exported to establish an industry in Canada and to share the technology with other countries. After 1974 an increasingly broad range of political and social factors were taken into account and safeguards became the dominant factor. The indirect impacts of the new policy fall into two groups. One consists of the effects of Canada's leadership in taking a tough stand on safeguards. The second group of effects involve the concern of other countries about access to secure energy supplies and advanced technology.

Canada's nuclear export policy

International Nuclear Information System (INIS)

Morrison, R.W.; Wonder, E.F.

1978-01-01

The factors influencing the evolution of Canada's nuclear export policy are examined. Initially, nuclear technology was exported to establish an industry in Canada and to share the technology with other countries. After 1974 an increasingly broad range of political and social factors were taken into account and safeguards became the dominant factor. The indirect impacts of the new policy fall into two groups. One consists of the effects of Canada's leadership in taking a tough stand on safeguards. The second group of effects involve the concern of other countries about access to secure energy supplies and advanced technology. (O.T.)

Proceedings of the CERI 2001 World Oil Conference. CD ed.

International Nuclear Information System (INIS)

2001-01-01

The integration and expansion of world oil markets was the main topic of this conference which featured 23 presentations dealing with developments in the international energy sector. The conference was divided into 8 sessions entitled: (1) oil prices, (2) oil and politics, (3) global oil supply, (4) North American supply and markets, (5) global oil demand, (6) oil.com, (7) the business of the environment, and (8) oil and money. The outlook of world energy markets was reviewed with particular emphasis on prospects for oil supply and reserves. The current status of the petroleum industry in both OPEC and non-OPEC oil exporting countries was discussed with reference to exploration, production, reserves, and hydrocarbon potential. The environmental, and socio-economic challenges that both the upstream and downstream industry will face challenges in the next century were also described. refs., tabs., figs

Jatropha oil in compression ignition engines. Effects on the engine, environment and Tanzania as supplying country

International Nuclear Information System (INIS)

Rabe, E.L.M.

2006-05-01

Energy from biomass and more specific, biodiesel, is one of the opportunities that could cover the future energy demand. This thesis investigates the possibilities for biofuels produced from Jatropha Curcas, a plant that grows in countries around the equator, including Tanzania, on which this thesis focuses. The energy crop has several advantages; it grows on degraded, dry, wasted and even salty land, which can be re-cultivated afterwards; it is toxic, which makes it preferable to other energy crops, because it does not compete with food crops; it gives seeds already after one year and the life-span of the plant is more than 50 years; it is good for the economics and employment of the country; etc. The oil that was gained by pressing the Jatropha seeds and part of it has had a chemical treatment called esterification, which results in the less viscous Jatropha Methyl Ester, a biodiesel. The fuels were tested in an engine set-up and compared to two reference fuels; fossil diesel and the well-known biodiesel Rape Methyl Ester. The engine in the set-up was originally a 6-cylinder II.6 DAF WS engine. It had been adjusted in order to make one measuring cylinder optically accessible. Hereby the combustion process could be filmed with a high speed camera. The experiment yielded the in-cylinder pressure as function of the crank angle, NO/NOx measurements, a photo diode signal that represents the amount of soot produced and from the pressure also heat release and in-cylinder temperature could be computed. The investigation of both the experiments and the broader literature study did not lead to any findings that could hamper the application of Jatropha oil or Methyl Ester in diesel engines. In the short term however, the use should be restricted to Tanzania. In the longer term there might be possibilities for export to Europe as well. This depends on whether European regulation will stimulate the use of bio-oil and bio-diesel or not

Photovoltaic systems for export application. Informal report

Energy Technology Data Exchange (ETDEWEB)

Duffy, J.; Campbell, H.; Sajo, A.; Sanz, E. [Univ. of Lowell, MA (United States)

1988-01-31

One approach to improving the competitiveness of photovoltaic systems is the development of designs specifically for export applications. In other words, where is it appropriate in a system design to incorporate components manufactured and/or assembled in the receiving country in order to improve the photovoltaic exports from the US? What appears to be needed is a systematic method of evaluating the potential for export from the US of PV systems for various application in different countries. Development of such a method was the goal of this project.

Australia: A Growing Market for Asean Exports?

OpenAIRE

Tongzon, J.L.

1988-01-01

Much has been written regarding South East Asian countries as growing markets for Australian exports particularly in the past decade. But nothing so far has been done to examine whether ASEAN exports have also experienced some redirection towards the Australian market. The findings confirm our a priori expectations: no significant general reorientation was observed for the ASEAN group of countries, and ASEAN’s country bias declined over the period under study. This is in contrast to the Austr...

Meat export competitiveness of European Union countries on global markets

Directory of Open Access Journals (Sweden)

Štefan Bojnec

2014-10-01

Full Text Available The purpose of this research is to provide insight into the export competitiveness of meat products of the European Union (EU-27 member states on global markets. The revealed comparative advantage index is used to analyze the levels, compositions, and evolutions in patterns of development in the export competitiveness of meat products and their levels of stability at the product level. Except for some niche meat products, a larger number of the EU-27 member states have experienced comparative disadvantages on global markets over the analysed years of 2000 to 2011. The revealed comparative advantages on the global markets are the most robust for Ireland, Spain, the Netherlands, France, Belgium, Denmark, Poland, Cyprus and Hungary. The revealed comparative advantage indices and their survival rates differ across the meat product groups. The heterogeneity in export competitiveness of the EU-27 member states suggests the importance of the differentiation of meat products in competitive export specialization on global markets.

THE PROSPECTS OF INNOVATIVE DEVELOPMENT OF DOMESTIC OIL AND GAS COMPLEX

OpenAIRE

A. N. Dmitrievskii; N. I. Komkov; M. V. Krotova

2015-01-01

The New industrialization of the Russian economy is not possible without the formation of forward-looking strategy of innovative development of oil and gas complex, combining related industries. Oil and gas complex of Russia, its fi elds and infrastructure – is key to the territorial integrity of the country, the guarantor of stable functioning of the economy, the most important component of export potential and low-income. During the past decades, a combination of favorable external conditio...

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

The Basic Challenge in EU Countries Promotion Strategy in Exporting Commercial Services

Directory of Open Access Journals (Sweden)

Octavian-Liviu Olaru

2012-05-01

Full Text Available The global financial and economic crisis which started in 2007 had a considerable impact onthe international exchange of goods and services and on the intensity of global financial flows andbusiness activity. Starting with 2010, the EU-27 economy returned to its previous trend of progressivelymore integration with the international economy in terms of its level of credits and debits relative togross domestic product (GDP, having experienced a reversal in 2009. The average value of EU-27 tradeflows of goods corresponded to 11.6 % of GDP in 2010, up from 9.8 % the previous year. The level oftrade integration of services rose to 4.0 % of GDP in 2010, up from 3.9 % in 2008 and 3.8 % in 2009.The basic challenge in EU countries promotion strategy in exporting a commercial service is to convincea foreigner to try a service that does not exist yet. The foreigners have to believe that the service will beof good quality and will meet their needs. Usually the foreigner forms that belief based onrecommendations, referrals, or somehow seeing the service provider in action. There are also severalroles that trade promotion activities can play in building that belief or credibility. A national TPO needsto find or reinforce some special quality that its country has so that when potential customers hear abouta service supplier from this country, their first response is, “Oh yes, I’ve heard good things aboutservices from your country.”

How the United States exports managed care to developing countries.

Science.gov (United States)

Waitzkin, H; Iriart, C

2001-01-01

As their expansion slows in the United States, managed care organizations will continue to enter new markets abroad. Investors view the opening of managed care in Latin America as a lucrative business opportunity. As public-sector services and social security funds are cut back, privatized, and reorganized under managed care, with the support of international lending agencies such as the World Bank, the effects of these reforms on access to preventive and curative services will hold great importance throughout the developing world. Many groups in Latin America are working on alternative projects that defend health as a public good, and similar movements have begun in Africa and Asia. Increasingly, this organizing is being recognized not only as part of a class struggle but also as part of a struggle against economic imperialism--which has now taken on the new appearance of rescuing less developed countries from rising health care costs and inefficient bureaucracies through the imposition of neoliberal managed-care solutions exported from the United States.

The Fantasy of Oil in War-torn Countries: A Geopolitical Analysis

International Nuclear Information System (INIS)

Perouse de Montclos, Marc-Antoine

2014-01-01

A highly symbolic resource, oil is often seen as a curse and a source of armed conflicts. It is of course a reason for competition and a strategic asset to conduct a war. But its role should not obscure other factors of armed conflicts. From various examples in Africa, Asia and Latin America, this article thus shows how the fantasy of oil can stimulate the imagination and confuse the geopolitical analysis of war, especially in countries without oil

Trading forests: land-use change and carbon emissions embodied in production and exports of forest-risk commodities

Science.gov (United States)

Henders, Sabine; Persson, U. Martin; Kastner, Thomas

2015-12-01

Production of commercial agricultural commodities for domestic and foreign markets is increasingly driving land clearing in tropical regions, creating links and feedback effects between geographically separated consumption and production locations. Such teleconnections are commonly studied through calculating consumption footprints and quantifying environmental impacts embodied in trade flows, e.g., virtual water and land, biomass, or greenhouse gas emissions. The extent to which land-use change (LUC) and associated carbon emissions are embodied in the production and export of agricultural commodities has been less studied. Here we quantify tropical deforestation area and carbon emissions from LUC induced by the production and the export of four commodities (beef, soybeans, palm oil, and wood products) in seven countries with high deforestation rates (Argentina, Bolivia, Brazil, Paraguay, Indonesia, Malaysia, and Papua New Guinea). We show that in the period 2000-2011, the production of the four analyzed commodities in our seven case countries was responsible for 40% of total tropical deforestation and resulting carbon losses. Over a third of these impacts was embodied in exports in 2011, up from a fifth in 2000. This trend highlights the growing influence of global markets in deforestation dynamics. Main flows of embodied LUC are Latin American beef and soybean exports to markets in Europe, China, the former Soviet bloc, the Middle East and Northern Africa, whereas embodied emission flows are dominated by Southeast Asian exports of palm oil and wood products to consumers in China, India and the rest of Asia, as well as to the European Union. Our findings illustrate the growing role that global consumers play in tropical LUC trajectories and highlight the need for demand-side policies covering whole supply chains. We also discuss the limitations of such demand-side measures and call for a combination of supply- and demand-side policies to effectively limit tropical

Trading forests: land-use change and carbon emissions embodied in production and exports of forest-risk commodities

International Nuclear Information System (INIS)

Henders, Sabine; Persson, U Martin; Kastner, Thomas

2015-01-01

Production of commercial agricultural commodities for domestic and foreign markets is increasingly driving land clearing in tropical regions, creating links and feedback effects between geographically separated consumption and production locations. Such teleconnections are commonly studied through calculating consumption footprints and quantifying environmental impacts embodied in trade flows, e.g., virtual water and land, biomass, or greenhouse gas emissions. The extent to which land-use change (LUC) and associated carbon emissions are embodied in the production and export of agricultural commodities has been less studied. Here we quantify tropical deforestation area and carbon emissions from LUC induced by the production and the export of four commodities (beef, soybeans, palm oil, and wood products) in seven countries with high deforestation rates (Argentina, Bolivia, Brazil, Paraguay, Indonesia, Malaysia, and Papua New Guinea). We show that in the period 2000–2011, the production of the four analyzed commodities in our seven case countries was responsible for 40% of total tropical deforestation and resulting carbon losses. Over a third of these impacts was embodied in exports in 2011, up from a fifth in 2000. This trend highlights the growing influence of global markets in deforestation dynamics. Main flows of embodied LUC are Latin American beef and soybean exports to markets in Europe, China, the former Soviet bloc, the Middle East and Northern Africa, whereas embodied emission flows are dominated by Southeast Asian exports of palm oil and wood products to consumers in China, India and the rest of Asia, as well as to the European Union. Our findings illustrate the growing role that global consumers play in tropical LUC trajectories and highlight the need for demand-side policies covering whole supply chains. We also discuss the limitations of such demand-side measures and call for a combination of supply- and demand-side policies to effectively limit

Oil and conflicts in the Niger Delta region, Nigeria: facing the facts ...

African Journals Online (AJOL)

THE NIGER DELTA Region of Nigeria is the storehouse of Nigeria's crude oil, which accounts for approximately 90% of the country's revenue, providing more than 90% of total exports. Despite this, the people remain poor, marginalized and restive. Resort to conflicts has been taken as the only way of expressing grievances ...

Price elasticity of demand for crude oil: estimates for 23 countries

International Nuclear Information System (INIS)

Cooper, J.C.B.

2003-01-01

This paper uses a multiple regression model derived from an adaptation of Nerlove's partial adjustment model to estimate both the short-run and long-run elasticities of demand for crude oil in 23 countries. The estimates so obtained confirm that the demand for crude oil internationally is highly insensitive to changes in price. (author)

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

Oil price shocks and long run price and import demand behavior

International Nuclear Information System (INIS)

Kleibergen, F.; Van Dijk, H.K.; Urbain, J.P.

1997-01-01

The effect which the oil price time series has on the long run properties of Vector AutoRegressive (VAR) models for price levels and import demand is investigated. As the oil price variable is assumed to be weakly exogenous for the long run parameters, a cointegration testing procedure allowing for weakly exogenous variables is developed using a LU decomposition of the long run multiplier matrix. The likelihood based cointegration test statistics, Wald, Likelihood Ratio and Lagrange Multiplier, are constructed and their limiting distributions derived. Using these tests, we find that incorporating the oil price in a model for the domestic or import price level of seven industrialized countries decreases the long run memory of the inflation rate. Second, we find that the results for import demand can be classified with respect to the oil importing or exporting status of the specific country. The result for Japan is typical as its import price is not influenced by gnp in the long run, which is the case for all other countries. 31 refs

Insurability of export credit risks

NARCIS (Netherlands)

Alsem, K.J.; Antufjew, J.; Huizingh, K.R.E.; Koning, Ruud H.; Sterken, E.; Woltil, M.

2003-01-01

Firms exporting their goods and services abroad face risks that are different from the risks faced by firms who do not engage in international trade. It is common practice to allow the receiving party to pay in instalments. The exporting firm faces credit risk, but as in most countries, Dutch firms

Long-term oil strategy - creating an appropriate fiscal regime in OPEC countries to keep the upstream sector competitive

International Nuclear Information System (INIS)

Olorunfemi, M.A.

1992-01-01

The focus of this paper is to examine the factors that governed the upstream activities in OPEC countries during three distinct periods, namely: 1950 to 1973, 1974 to 1985 and 1986 to the present. Particular emphasis will be placed on the fiscal and legal instruments adopted by a number of OPEC countries in attracting oil companies to their respective countries, so as to maintain the momentum of oil exploration and production which is commensurate with their huge hydrocarbon reserves and also be in consonance with their pace of economic development while continuing to exercise their sovereign rights. The first part of the paper reviews the concepts governing the strategic behaviour of oil companies and oil-producing countries. Part two is devoted to the evolution of fiscal regimes in OPEC countries showing how the behaviour of OPEC Member Countries and oil companies illustrates the concepts in part one. How the dynamics of the oil market influence the upstream planning in OPEC Member Countries is examined in part three of the paper. Part four looks at the new cooperation and strategic alliances that are evolving between some OPEC countries and a number of oil companies to ensure that OPEC retains a leadership position which is commensurate with its Members' hydrocarbon resources. Conclusions are drawn in part five. (author)

19 CFR 113.55 - Cancellation of export bonds.

Science.gov (United States)

2010-04-01

... 19 Customs Duties 1 2010-04-01 2010-04-01 false Cancellation of export bonds. 113.55 Section 113... export bonds. (a) Manner of cancellation. A bond to assure exportation as defined in § 101.1 of this... shall be signed by a revenue officer of the foreign country to which the merchandise is exported, unless...

Is Mercosur promoting trade? Insights from Argentinean wine exports

Energy Technology Data Exchange (ETDEWEB)

Dal Bianco, A.; Estrella-Orrego, M.J.; Boatto, V.L.; Gennari, A.J.

2017-09-01

As a consequence of the rapid and significative decrease in domestic demand, to avoid structural surplus traditional wine producing countries have been forced to export a growing share of their wine production. This article empirically investigates Argentinean trade policy on the wine sector over the last years, in order to understand its effect on export flows. An expanded gravity model was estimated through a Poisson pseudo-maximum likelihood estimator, in order to account for heteroskedasticity. The data used refer to Argentinean exports of bottled wine to all main world importers during the period 1997-2010, and account for more than 90% of total trade flows. Our results show that Mercosur membership has promoted Argentinean wine exports to other Latin American countries, but may as a whole have been counter-productive. A more open trade policy could increase Argentinean bottled wine exports by more than 5.8%. In addition, given the rise in wine importation and consumption in countries with high tariff barriers, such as China, the small number of free trade agreements could penalize Argentinean exports even more in the future.

Is Mercosur promoting trade? Insights from Argentinean wine exports

International Nuclear Information System (INIS)

Dal Bianco, A.; Estrella-Orrego, M.J.; Boatto, V.L.; Gennari, A.J.

2017-01-01

As a consequence of the rapid and significative decrease in domestic demand, to avoid structural surplus traditional wine producing countries have been forced to export a growing share of their wine production. This article empirically investigates Argentinean trade policy on the wine sector over the last years, in order to understand its effect on export flows. An expanded gravity model was estimated through a Poisson pseudo-maximum likelihood estimator, in order to account for heteroskedasticity. The data used refer to Argentinean exports of bottled wine to all main world importers during the period 1997-2010, and account for more than 90% of total trade flows. Our results show that Mercosur membership has promoted Argentinean wine exports to other Latin American countries, but may as a whole have been counter-productive. A more open trade policy could increase Argentinean bottled wine exports by more than 5.8%. In addition, given the rise in wine importation and consumption in countries with high tariff barriers, such as China, the small number of free trade agreements could penalize Argentinean exports even more in the future.

Measuring energy security. Can the United States achieve oil independence?

International Nuclear Information System (INIS)

Greene, David L.

2010-01-01

Stochastic simulation of the direct economic costs of oil dependence in an uncertain future is proposed as a useful metric of oil dependence. The market failure from which these costs arise is imperfect competition in the world oil market, chiefly as a consequence of the use of market power by the Organization of the Petroleum Exporting Countries (OPEC) cartel. Oil dependence costs can be substantial. It is estimated that oil dependence costs to the US economy in 2008 will exceed $500 billion. Other costs, such as military expenditures or foreign policy constraints are deemed to be largely derivative of the actual or potential economic costs of oil dependence. The use of quantifiable economic costs as a security metric leads to a measurable definition of oil independence, or oil security, which can be used to test the ability of specific policies to achieve oil independence in an uncertain future. (author)

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

Oil and gas, strategic regional cooperation between Persian Gulf countries

Energy Technology Data Exchange (ETDEWEB)

Zalloi, Mir Mahdi

2010-09-15

Almost two-thirds of proven oil and a third of world natural gas resources are in the Persian Gulf countries. Unfortunately strategic region of Persian Gulf in the past three decades faced with many security challenges due to wars and political conflicts. For security in this region, there are several methods such as military treaties between regional countries or Military presence of foreign countries, but historical evidence has shown, none of them could not guarantee the stable security in this region. The regional cooperation between countries can be replaced to mentioned methods. IPI Gas pipeline is an objective sample for this regional cooperation.

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

Oil prices, inflation and interest rates in a structural cointegrated VAR model for the G-7 countries

International Nuclear Information System (INIS)

Cologni, Alessandro; Manera, Matteo

2008-01-01

Sharp increases in the price of oil are generally seen as a major contributor to business cycle asymmetries. Moreover, the very recent highs registered in the world oil market are causing concern about possible slowdowns in the economic performance of the most developed countries. In this paper a structural cointegrated VAR model has been considered for the G-7 countries in order to study the direct effects of oil price shocks on output and prices, and the reaction of monetary variables to external shocks. Our results can be summarized as follows: i) a stationary money demand, as suggested by the classic theory of money, can be identified for most countries; ii) according to the estimated coefficients of the structural part of the model, for all countries except Japan and U.K. the null hypothesis of an influence of oil prices on the inflation rate cannot be rejected. Inflation rate shocks are transmitted to the real economy by increasing interest rates; iii) impulse response analysis suggests, for most countries, the existence of an instantaneous, temporary effect of oil price innovations on prices; iv) impulse response functions indicate different monetary policy reactions to inflationary and growth shocks; v) the simulation exercises directed to estimate the total impact of the 1990 oil price shock indicate that for some countries (U.S.) a significant part of the effects of the oil price shock is due to the monetary policy reaction function. For other countries (Canada, France and Italy), however, the total impact is offset, at least in part, by an easing of monetary conditions. (author)

Political risk and export promotion: evidence from Germany

OpenAIRE

Moser, Christoph; Nestmann, Thorsten; Wedow, Michael

2006-01-01

Political risk represents an important hidden transaction cost that reduces international trade. This paper investigates the claim that German public export credit guarantees (Hermes guarantees) mitigate this friction to trade flows and hence promote exports. We employ an empirical trade gravity model, where we explicitly control for political risk in the importing country in order to evaluate the effect of export guarantees. The idea behind export promotion through public export credit agenc...

The Wassenaar Arrangement and Russian High-Tech Export

Directory of Open Access Journals (Sweden)

Lilia S. Revenko

2016-01-01

Full Text Available The current military and political situation in the world raises the necessity of use by Russia of all existing tools to counter actions targeted against it. Participation of the country in international export control regimes, including the Wassenaar Arrangement (the WA, is one of these tools. Membership in the WA allows to Russia to maintain its international status, to contribute to strengthening of international stability, to ensure the non-targeting of this forum against the country, to participate in the development of decisions affecting its interests. Participation in the WA is also important from the view of modernizations of Russian economy towards transition to a new technological mode accompanied by emergence of new groups of innovative products and modification of existing ones. Control of crossing the country's borders by dual-use goods and services is one of conditions for carrying out their export. The Wassenaar Arrangement was established in 1995 to replace COCOM in order to contribute to regional and international security and stability. A huge work is carried out within the forum aimed at enhancing control over transfers of conventional weapons and high-tech dual-use goods. Russian export control system fully meets requirements of international export control regime, including the WA, and effectively functions. Export of the controlled goods from Russia or their transfer to foreign individuals and legal entities are possible only on the basis of decisions of the Export control Commission of the Russian Federation. The dilemma between the need to support exporters by reducing administrative barriers and the ensuring security interests of the country gain momentum in current stage of scientific-and-technological advance development.

Nuclear energy consumption, oil consumption and economic growth in G-6 countries: Bootstrap panel causality test

International Nuclear Information System (INIS)

Chu, Hsiao-Ping; Chang Tsangyao

2012-01-01

This study applies bootstrap panel Granger causality to test whether energy consumption promotes economic growth using data from G-6 countries over the period of 1971–2010. Both nuclear and oil consumption data are used in this study. Regarding the nuclear consumption-economic growth nexus, nuclear consumption causes economic growth in Japan, the UK, and the US; economic growth causes nuclear consumption in the US; nuclear consumption and economic growth show no causal relation in Canada, France and Germany. Regarding oil consumption-economic growth nexus, we find that there is one-way causality from economic growth to oil consumption only in the US, and that oil consumption does not Granger cause economic growth in G-6 countries except Germany and Japan. Our results have important policy implications for the G-6 countries within the context of economic development. - Highlights: ► Bootstrap panel Granger causality test whether energy consumption promotes economic growth. ► Data from G-6 countries for both nuclear and oil consumption data are used. ► Results have important policy implications within the context of economic development.

Intermediation in Foreign Trade: When do Exporters Rely on Intermediaries?

DEFF Research Database (Denmark)

Schröder, Philipp; Trabold, Harald; Trübswetter, Parvati

2003-01-01

The paper explores theoretically and empirically why trade intermediaries (TIs) are frequently used as agents for exports to some countries but not to others. We adapt a standard intra-industry trade model with variable export costs (e.g. transport) and fixed export costs (e.g. market access......) to include a TI that is able to pool market access cost. From this framework explanatory factors for the TI share in a country's exports are derived and subsequently tested with a new data set based on French customs information. The paper finds that: (i) higher market access costs increase the TI share, (ii......) smaller export markets feature a larger TI share, (iii) the TI share is independent from variable (distance-dependent) export costs....

76 FR 39071 - Certain Oil Country Tubular Goods From the People's Republic of China: Rescission of...

Science.gov (United States)

2011-07-05

... DEPARTMENT OF COMMERCE International Trade Administration [C-570-944] Certain Oil Country Tubular... administrative review of the countervailing duty order on certain oil country tubular goods (``OCTG'') from the... subject to administrative protective order (``APO'') of their responsibility concerning the disposition of...

Nuclear industry in a country with a substantial oil reserve

International Nuclear Information System (INIS)

Alvarez, R.; Castillo, H.; Costa, D.; Galan, I.; Martinez, M.

1981-01-01

The importance of the development of a nuclear industry in a country like Mexico, with a substantial oil reserve is analyzed, taking into account the technical, economical, political, ecological and social aspects of the problem. (author)

A Study on the Export Control System at KAERI

International Nuclear Information System (INIS)

Kim, I. C.; Lee, B. D.; Kim, H. J.; Kim, H. S.; Jung, J. A.

2015-01-01

The current non-proliferation regime requires strengthening the export control from Korea to foreign countries. This means that the ministries related to export control deeply emphasize the prohibition of the illegal proliferation in the domestic society as well as international society. The principle of export control for non-proliferation of WMD is to control the transfer of the strategic items/technology to the countries which intend to develop the WMD in accordance with the multilateral agreements of the Nuclear Supply Group (NSG), Wassenaar Agreement (WA), Austrian Group (AG) and Missile Technology Control Regime (MTCR). Among them, export controls at KAERI are deeply related to the guidelines of the NSG, an international nuclear export control regime. Since the new concept of an export system was launched in Jan. 2014, KAERI needs to consider new approaches to meet the requirement of the revised domestic law and regulation. To cope with this environmental change, this paper suggests new approaches to effectively conduct the export control at KAERI

Examining the Effect of Company’s Size and Resources on the Relationship between Stakeholders’ Pressure and Environmental Strategies in the Malaysian Palm Oil Industry

OpenAIRE

Mohd Rafi Yaacob; Mohd Nor Hakimin Yusoff

2011-01-01

Palm oil is one of the most important commodity exports for Malaysia. This industry contributes billions of ringgit to the country. In terms on number of employment half a million people involved in the industry. Due to its contribution, oil palm is known as a golden crop of Malaysia. Over the last four decades more and more plantation areas have been developed in the country. But nevertheless, the disproportionate expansion of this monoculture crops contributes to environmental degradations ...

The impacts of oil price shocks on stock market volatility: Evidence from the G7 countries

International Nuclear Information System (INIS)

Bastianin, Andrea; Conti, Francesca; Manera, Matteo

2016-01-01

We study the effects of crude oil price shocks on the stock market volatility of the G7 countries. We identify the causes underlying oil price shocks and gauge the impacts that oil supply and oil demand innovations have on financial volatility. We show that stock market volatility does not respond to oil supply shocks. On the contrary, demand shocks impact significantly on the volatility of the G7 stock markets. Our results suggest that economic policies and financial regulation activities designed to mitigate the adverse effects of unexpected oil price movements should be designed by looking at the source of the oil price shocks. - Highlights: • Effects of oil price shocks on the stock market volatility of the G7 countries. • Econometric identification of the different causes of oil shocks. • Stock market volatility does not respond to oil supply shocks. • Demand shocks impact significantly on stock market volatility. • Policy measures should be designed by considering the source of oil shocks.

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

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.

Exploring effective factors on privatization, firm performance and export development: Evidence from steel industry

Directory of Open Access Journals (Sweden)

Seyed Mohsen Seyedaliakbar

2016-01-01

Full Text Available Privatization means establishing a new system based on the market mechanisms and consequently making a change, alteration in different aspects of economy and is a process in which the government can examine the possibility of transferring the duties and facilities to the private sector on any level and if necessary, exerts such transfer. On the other hand, exports in industry sector can be a noticeable point for the economic growth of any country. Enhancing the exports of the steel industry of the country can have a principal role in the economic pursuit of the country’s non-oil products. Such an enhancement brings about a positive effect in the efficiency of the stocks within the financial markets by developing the steel industry. Researchers of this field claim that privatization in the steel industry results in the further development of the steel stock market and exports. This paper presents a comprehensive survey on factors influencing on privatization of the firms in steel industry. The study has designed a questionnaire in Likert scale and distributed it among some experts who worked for Mobarakeh steel producer in Iran. Using principle component analysis, the survey has concluded that export activities were influenced the most by six major factors including creativity, technological limitation, opportunities and challenges, being up to date, customer orientation and financial sanction. Moreover, firm performance was influenced by two major factors of stakeholder’s satisfaction and organizational culture. Finally, two factors of rationalism and market orientation influenced the most on privatization.

Is Mercosur promoting trade? Insights from Argentinean wine exports

Directory of Open Access Journals (Sweden)

Andrea Dal Bianco

2017-04-01

Full Text Available As a consequence of the rapid and significative decrease in domestic demand, to avoid structural surplus traditional wine producing countries have been forced to export a growing share of their wine production. This article empirically investigates Argentinean trade policy on the wine sector over the last years, in order to understand its effect on export flows. An expanded gravity model was estimated through a Poisson pseudo-maximum likelihood estimator, in order to account for heteroskedasticity. The data used refer to Argentinean exports of bottled wine to all main world importers during the period 1997-2010, and account for more than 90% of total trade flows. Our results show that Mercosur membership has promoted Argentinean wine exports to other Latin American countries, but may as a whole have been counter-productive. A more open trade policy could increase Argentinean bottled wine exports by more than 5.8%. In addition, given the rise in wine importation and consumption in countries with high tariff barriers, such as China, the small number of free trade agreements could penalize Argentinean exports even more in the future.

Export Controls: Observations on Selected Countries’ Systems and Proposed Treaties

Science.gov (United States)

2010-05-01

suspected violators of arms Investigates suspected criminal viol including potential export control v and dual-use export control lawse Source: GAO...those that present a strategic military conc substances, biological agents , and related items that could be used in the producti chemical and

Canada-United States oil and gas relations, 1958 to 1974

Science.gov (United States)

Nemeth, Tammy Lynn

While there were overtures from each country to develop a more formal accord to govern the trade of oil and natural gas at different times since 1958, Canada rejected that option in 1974 when it decided to phase out oil exports to the U.S. The main purpose of this research is to trace the development and evolution of Canada-U.S. oil and gas relations from the beginning of the informal continental relationship in 1959, through attempts to formalize a continental oil and gas agreement in the late 1960s, to the initial reversal of continentalism by Canada in 1974. This study examines and compares the changing influence of the explanatory variables of interest groups, international forces, national security, economics, ideas, and personalities on the energy decision- and policy-making processes of Canada and the U.S. between 1958 and 1974. Four key decisions or events that can be considered turning points in the Canada-U.S. oil and gas relationship are analysed and include: Canada's exemption to the American Mandatory Oil Import Program (MOIP); Canada's National Oil Policy (NOP); the near revocation of Canada's MOIP exemption; and Canada's decision to phase out oil exports. These events and relationships are situated in the larger context of interdependence, intergovernmental and transgovernmental relations, and the altered bureaucratic structures of governments in both countries over this period of time. Although decisions concerning Canada-U.S. oil and gas relations, and the pursuit and reversal of continentalist policies, were influenced by concerns regarding the pressure of various interest groups, international forces, national security, and changing economic and ideological circumstances; in the period examined here, the personalities of and personal relationships between Presidents and Prime Ministers, and the actions of key officials, as well as their transgovernmental networks across the border, often made the difference in determining what policy or approach

Obesity, the metabolic syndrome, and type 2 diabetes in developing countries: role of dietary fats and oils.

Science.gov (United States)

Misra, Anoop; Singhal, Neha; Khurana, Lokesh

2010-06-01

Developing countries are undergoing rapid nutrition transition concurrent with increases in obesity, the metabolic syndrome, and type 2 diabetes mellitus (T2DM). From a healthy traditional high-fiber, low-fat, low-calorie diet, a shift is occurring toward increasing consumption of calorie-dense foods containing refined carbohydrates, fats, red meats, and low fiber. Data show an increase in the supply of animal fats and increased intake of saturated fatty acid (SFAs) (obtained from coconut oil, palm oil, and ghee [clarified butter]) in many developing countries, particularly in South Asia and South-East Asia. In some South Asian populations, particularly among vegetarians, intake of n-3 polyunsaturated fatty acids (PUFAs) (obtained from flaxseed, mustard, and canola oils) and long-chain (LC) n-3 PUFAs (obtained from fish and fish oils) is low. Further, the effect of supplementation of n-3 PUFAs on metabolic risk factors and insulin resistance, except for demonstrated benefit in terms of decreased triglycerides, needs further investigation among South Asians. Data also show that intake of monounsaturated fatty acids (MUFAs) ranged from 4.7% to 16.4%en in developing countries, and supplementing it from olive, canola, mustard, groundnut, and rice bran oils may reduce metabolic risk. In addition, in some developing countries, intake of n-6 PUFAs (obtained from sunflower, safflower, corn, soybean, and sesame oils) and trans-fatty acids (TFAs) is increasing. These data show imbalanced consumption of fats and oils in developing countries, which may have potentially deleterious metabolic and glycemic consequences, although more research is needed. In view of the rapid rise of T2DM in developing countries, more aggressive public health awareness programs coupled with governmental action and clear country-specific guidelines are required, so as to promote widespread use of healthy oils, thus curbing intake of SFAs and TFAs, and increasing intake of n-3 PUFAs and MUFAs. Such