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The importance of transnational corporations in the supply of oil to Europe: Implications

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  • Palazuelos, Enrique
  • Fernández, Rafael

Abstract

This paper analyzes the positioning of European and American transnational oil companies in the supply of oil from outside Europe to European countries. The analysis focuses on the triangular relationship between: the control that these companies exercise over oil refining and the marketing of petroleum products in Europe; the international production of crude by these companies in oil regions; and the import of crude oil by European countries. Two indicators were developed to assess the relevance of these large corporations: (a) the extent of the supply to their European refineries via their own international production, and (b) the contribution of each company to the total crude oil imports received by six European countries.

Suggested Citation

  • Palazuelos, Enrique & Fernández, Rafael, 2012. "The importance of transnational corporations in the supply of oil to Europe: Implications," Energy Policy, Elsevier, vol. 47(C), pages 270-281.
  • Handle: RePEc:eee:enepol:v:47:y:2012:i:c:p:270-281
    DOI: 10.1016/j.enpol.2012.04.067
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    References listed on IDEAS

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    1. Eric English, 2010. "Annual Fees and Recreation Choice," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 92(4), pages 1103-1113.
    2. Palazuelos, Enrique, 2010. "The role of transnational companies as oil suppliers to the United States," Energy Policy, Elsevier, vol. 38(8), pages 4064-4075, August.
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    Cited by:

    1. Wang, Yue & Zhang, Zhenke & Xu, Minghui, 2023. "Evolution pattern of African countries' oil trade under the changing in the global oil market," Energy, Elsevier, vol. 284(C).

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