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Assessing the Risk of Oil Spills in the Mediterranean: the Case of the Route from the Black Sea to Italy

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  • Bigano, Andrea
  • Sheehan, Paul

Abstract

Recent major spills on European coasts have highlighted the primary policy relevance for the EU of oil spills. This paper assesses the risks related to carrying oil to the EU along the route from the Russian Black Sea coast to Sicily, Italy (one of the most congested and strategically relevant European import routes). We develop a methodology based on Fault Tree Analysis, and we apply it to the most likely causes of an oil spill. We couple the resulting probabilities with data on expected spill size, types of oil carried and cleanup costs, to estimate expected costs for cleanup and loss of cargo. The route analysed appears to be a risky one; there is a 'high' to 'very high' risk of a spill along this route. The Turkish Straits turn out to be the major danger point; however, there is no obvious hierarchy amongst the other sites along the route.

Suggested Citation

  • Bigano, Andrea & Sheehan, Paul, 2006. "Assessing the Risk of Oil Spills in the Mediterranean: the Case of the Route from the Black Sea to Italy," International Energy Markets Working Papers 12112, Fondazione Eni Enrico Mattei (FEEM).
    • Handle: RePEc:ags:feemie:12112
    DOI: 10.22004/ag.econ.12112
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    Cited by:

    1. Iliopoulou, Christina & Kepaptsoglou, Konstantinos & Schinas, Orestis, 2018. "Energy supply security for the Aegean islands: A routing model with risk and environmental considerations," Energy Policy, Elsevier, vol. 113(C), pages 608-620.
    2. Di Vaio, Assunta & Varriale, Luisa & Trujillo, Lourdes, 2019. "Management Control Systems in port waste management: Evidence from Italy," Utilities Policy, Elsevier, vol. 56(C), pages 127-135.
    3. Assunta Di Vaio & Luisa Varriale, 2018. "Management Innovation for Environmental Sustainability in Seaports: Managerial Accounting Instruments and Training for Competitive Green Ports beyond the Regulations," Sustainability, MDPI, vol. 10(3), pages 1-35, March.
    4. Martins, Marcelo Ramos & Maturana, Marcos Coelho, 2013. "Application of Bayesian Belief networks to the human reliability analysis of an oil tanker operation focusing on collision accidents," Reliability Engineering and System Safety, Elsevier, vol. 110(C), pages 89-109.
    5. Marcelo Ramos Martins & Marcos Coelho Maturana, 2010. "Human Error Contribution in Collision and Grounding of Oil Tankers," Risk Analysis, John Wiley & Sons, vol. 30(4), pages 674-698, April.

    More about this item

    Keywords

    Environmental Economics and Policy;

    JEL classification:

    • Q32 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - Exhaustible Resources and Economic Development
    • Q51 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Valuation of Environmental Effects
    • Q52 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Pollution Control Adoption and Costs; Distributional Effects; Employment Effects
    • Q53 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Air Pollution; Water Pollution; Noise; Hazardous Waste; Solid Waste; Recycling

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