IDEAS home Printed from https://ideas.repec.org/a/eee/jrpoli/v69y2020ics0301420719309341.html
   My bibliography  Save this article

Quantitative approach to estimating crude oil supply in Southern Europe

Author

Listed:
  • Klepikov, Vladimir Pavlovich
  • Klepikov, Vladimir Vladimirovich

Abstract

In the development of programs for delivering crude oil to Southern Europe, it is necessary to determine the trends in crude oil delivery and production and to analyze the capabilities of the crude oil transportation system. The global trend towards reducing the consumption of non-renewable energy has led to a significant reduction in the number of refineries in Europe. The purpose of this paper was to determine the trends in oil production and delivery and to assess the capacity of the oil transportation systems in Southern Europe. The allocation of crude oil production and delivery facilities in Southern European countries from 2005 to 2015 was analyzed using quantitative evaluation methodology. Changes in European crude oil production and delivery were highlighted. The transport infrastructure potential of oil supplies to consumers and oil production was studied. The study established that from 2013 to 2015, the oil supply to the refineries increased and generated additional stress on the transportation infrastructure. However, European infrastructure capacities had the necessary reserves to operate for the next several years without additional investment. In this paper, aggregate numbers for oil production and delivery are used. In addition, different refineries process different oil types. Nevertheless, the approach designed in this study can be applied to study the supply of certain oil types on the market.

Suggested Citation

  • Klepikov, Vladimir Pavlovich & Klepikov, Vladimir Vladimirovich, 2020. "Quantitative approach to estimating crude oil supply in Southern Europe," Resources Policy, Elsevier, vol. 69(C).
    • Handle: RePEc:eee:jrpoli:v:69:y:2020:i:c:s0301420719309341
    DOI: 10.1016/j.resourpol.2020.101787
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0301420719309341
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.resourpol.2020.101787?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Mike Smart, 2015. "When and How Should Commodity Buyers Subsidise Freight?," Journal of Transport Economics and Policy, University of Bath, vol. 49(2), pages 187-199, April.
    2. Plakandaras, Vasilios & Gupta, Rangan & Wong, Wing-Keung, 2019. "Point and density forecasts of oil returns: The role of geopolitical risks," Resources Policy, Elsevier, vol. 62(C), pages 580-587.
    3. Antonakakis, Nikolaos & Cunado, Juncal & Filis, George & Gracia, Fernando Perez de, 2017. "Oil dependence, quality of political institutions and economic growth: A panel VAR approach," Resources Policy, Elsevier, vol. 53(C), pages 147-163.
    4. Guajardo, Mario & Kylinger, Martin & Rönnqvist, Mikael, 2013. "Speciality oils supply chain optimization: From a decoupled to an integrated planning approach," European Journal of Operational Research, Elsevier, vol. 229(2), pages 540-551.
    5. Kazemi, Yasaman & Szmerekovsky, Joseph, 2015. "Modeling downstream petroleum supply chain: The importance of multi-mode transportation to strategic planning," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 83(C), pages 111-125.
    6. Vaezi, Ali & Verma, Manish, 2018. "Railroad transportation of crude oil in Canada: Developing long-term forecasts, and evaluating the impact of proposed pipeline projects," Journal of Transport Geography, Elsevier, vol. 69(C), pages 98-111.
    7. Muhammad Shahbaz & Samia Nasreen & Chong Hui Ling & Rashid Sbia, 2014. "Causality between Trade Openness and Energy Consumption- What Causes What in High, Middle and Low Income Countries," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 53(4), pages 423-459.
    8. Saviolakis I. Panagiotis & Pazarzi Georgia, 2013. "Transportation of Energy Resources in the Middle East and Central Asia," International Journal of Energy Economics and Policy, Econjournals, vol. 3(Special), pages 127-139.
    9. Adams, Dawda & Adams, Kweku & Ullah, Subhan & Ullah, Farid, 2019. "Globalisation, governance, accountability and the natural resource ‘curse’: Implications for socio-economic growth of oil-rich developing countries," Resources Policy, Elsevier, vol. 61(C), pages 128-140.
    10. Shahbaz, Muhammad & Lahiani, Amine & Abosedra, Salah & Hammoudeh, Shawkat, 2018. "The role of globalization in energy consumption: A quantile cointegrating regression approach," Energy Economics, Elsevier, vol. 71(C), pages 161-170.
    11. Jacobson, Arne & Milman, Anita D. & Kammen, Daniel M., 2005. "Letting the (energy) Gini out of the bottle: Lorenz curves of cumulative electricity consumption and Gini coefficients as metrics of energy distribution and equity," Energy Policy, Elsevier, vol. 33(14), pages 1825-1832, September.
    12. Al-Othman, Wafa B.E. & Lababidi, Haitham M.S. & Alatiqi, Imad M. & Al-Shayji, Khawla, 2008. "Supply chain optimization of petroleum organization under uncertainty in market demands and prices," European Journal of Operational Research, Elsevier, vol. 189(3), pages 822-840, September.
    13. Aboudi, Ronny & Hallefjord, Asa & Helgesen, Carsten & Helming, Reidun & Jornsten, Kurt & Pettersen, Anne S. & Raum, Tore & Spence, Petter, 1989. "A mathematical programming model for the development of petroleum fields and transport systems," European Journal of Operational Research, Elsevier, vol. 43(1), pages 13-25, November.
    14. Larsen, E.Roed., 2005. "Are rich countries immune to the resource curse? Evidence from Norway's management of its oil riches," Resources Policy, Elsevier, vol. 30(2), pages 75-86, June.
    15. Adland, Roar & Cullinane, Kevin, 2006. "The non-linear dynamics of spot freight rates in tanker markets," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 42(3), pages 211-224, May.
    16. Wan Ahmad, Wan Nurul K. & Rezaei, Jafar & de Brito, Marisa P. & Tavasszy, Lóránt A., 2016. "The influence of external factors on supply chain sustainability goals of the oil and gas industry," Resources Policy, Elsevier, vol. 49(C), pages 302-314.
    17. Sergey Paltsev & Y.-H. Henry Chen & Valerie Karplus & Paul Kishimoto & John Reilly & Andreas Löschel & Kathrine Graevenitz & Simon Koesler, 2018. "Reducing CO2 from cars in the European Union," Transportation, Springer, vol. 45(2), pages 573-595, March.
    18. Regli, Frederik & Adland, Roar, 2019. "Crude oil contango arbitrage and the floating storage decision," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 122(C), pages 100-118.
    19. Vladimir Pavlovich Klepikov & Vladimir Vladimirovich Klepikov, 2018. "Crude Oil Logistics, Production and Refining in Northern Europe," International Journal of Energy Economics and Policy, Econjournals, vol. 8(5), pages 18-28.
    20. Lund, Peter D., 2017. "Implications of Finland's plan to ban coal and cutting oil use," Energy Policy, Elsevier, vol. 108(C), pages 78-80.
    21. Alizadeh, Amir H. & Talley, Wayne K., 2011. "Vessel and voyage determinants of tanker freight rates and contract times," Transport Policy, Elsevier, vol. 18(5), pages 665-675, September.
    22. Pegg, Scott, 2012. "Social responsibility and resource extraction: Are Chinese oil companies different?," Resources Policy, Elsevier, vol. 37(2), pages 160-167.
    23. Dagoumas, Athanasios & Perifanis, Theodosios & Polemis, Michael, 2018. "An econometric analysis of the Saudi Arabia's crude oil strategy," Resources Policy, Elsevier, vol. 59(C), pages 265-273.
    24. Goldemberg, José & Siqueira Prado, Luiz Tadeo, 2013. "The decline of sectorial components of the world's energy intensity," Energy Policy, Elsevier, vol. 54(C), pages 62-65.
    25. Câmara, Roberto & Câmara, George & Neto, Moacyr Andrade & Milosevic, Tatiana & Andrade, José Célio & Rocha, Paulo, 2019. "Reserve assessment and certification of Brazil's oil and mineral sectors and energy storage: New trends, analysis, and regulatory proposals," Resources Policy, Elsevier, vol. 62(C), pages 347-356.
    26. Watcharasukarn, Montira & Page, Shannon & Krumdieck, Susan, 2012. "Virtual reality simulation game approach to investigate transport adaptive capacity for peak oil planning," Transportation Research Part A: Policy and Practice, Elsevier, vol. 46(2), pages 348-367.
    27. O’Connor, Kelsey J. & Blanco, Luisa R. & Nugent, Jeffrey B., 2018. "Does oil really curse democracy? A long-run time-series analysis of 127 countries," Resources Policy, Elsevier, vol. 57(C), pages 264-277.
    28. Oliveira, F. & Nunes, P.M. & Blajberg, R. & Hamacher, S., 2016. "A framework for crude oil scheduling in an integrated terminal-refinery system under supply uncertainty," European Journal of Operational Research, Elsevier, vol. 252(2), pages 635-645.
    29. Ying Kou & Meifeng Luo, 2015. "Modelling the Relationship between Ship Price and Freight Rate with Structural Changes," Journal of Transport Economics and Policy, University of Bath, vol. 49(2), pages 276-294, April.
    30. Yusak Susilo & Kay Axhausen, 2014. "Repetitions in individual daily activity–travel–location patterns: a study using the Herfindahl–Hirschman Index," Transportation, Springer, vol. 41(5), pages 995-1011, September.
    31. Ch U Kalu, Timothy, 1994. "Designing optimal regulatory policy strategies for the oil industry : An alternative framework," Resources Policy, Elsevier, vol. 20(3), pages 183-191, September.
    32. Vatansever, Adnan, 2017. "Is Russia building too many pipelines? Explaining Russia's oil and gas export strategy," Energy Policy, Elsevier, vol. 108(C), pages 1-11.
    33. Saidi, Samir & Shahbaz, Muhammad & Akhtar, Pervaiz, 2018. "The long-run relationships between transport energy consumption, transport infrastructure, and economic growth in MENA countries," Transportation Research Part A: Policy and Practice, Elsevier, vol. 111(C), pages 78-95.
    34. Tatyana I. Pototskaya & Alexander P. Katrovskiy & Vladimir I. Chasovskiy, 2016. "Geopolitical Impact on Transformation of Territorial Organization of Russian Pipeline Transport in the Post-Soviet Time," International Journal of Energy Economics and Policy, Econjournals, vol. 6(4), pages 782-788.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Vladimir Pavlovich Klepikov & Vladimir Vladimirovich Klepikov, 2018. "Crude Oil Logistics, Production and Refining in Northern Europe," International Journal of Energy Economics and Policy, Econjournals, vol. 8(5), pages 18-28.
    2. Farahani, Mohsen & Rahmani, Donya, 2017. "Production and distribution planning in petroleum supply chains regarding the impacts of gas injection and swap," Energy, Elsevier, vol. 141(C), pages 991-1003.
    3. Jiao Zhang & Qingcheng Zeng, 2017. "Modelling the volatility of the tanker freight market based on improved empirical mode decomposition," Applied Economics, Taylor & Francis Journals, vol. 49(17), pages 1655-1667, April.
    4. Njangang, Henri & Asongu, Simplice A. & Tadadjeu, Sosson & Nounamo, Yann & Kamguia, Brice, 2022. "Governance in mitigating the effect of oil wealth on wealth inequality: A cross-country analysis of policy thresholds," Resources Policy, Elsevier, vol. 76(C).
    5. Kou, Ying & Luo, Meifeng, 2018. "Market driven ship investment decision using the real option approach," Transportation Research Part A: Policy and Practice, Elsevier, vol. 118(C), pages 714-729.
    6. Anwar, Ahsan & Sharif, Arshian & Fatima, Saba & Ahmad, Paiman & Sinha, Avik & Khan, Syed Abdul Rehman & Jermsittiparsert, Kittisak, 2021. "The asymmetric effect of public private partnership investment on transport CO2 emission in China: Evidence from quantile ARDL approach," MPRA Paper 108160, University Library of Munich, Germany, revised 2021.
    7. Abdulahi, Mohamued Elyas & Shu, Yang & Khan, Muhammad Asif, 2019. "Resource rents, economic growth, and the role of institutional quality: A panel threshold analysis," Resources Policy, Elsevier, vol. 61(C), pages 293-303.
    8. Muhammad Shahbaz & Mehmet Balcilar & Mantu Kumar Mahalik & Seyi Saint Akadiri, 2023. "Is causality between globalization and energy consumption bidirectional or unidirectional in top and bottom globalized economies?," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 28(2), pages 1939-1964, April.
    9. Gozgor, Giray & Mahalik, Mantu Kumar & Demir, Ender & Padhan, Hemachandra, 2020. "The impact of economic globalization on renewable energy in the OECD countries," Energy Policy, Elsevier, vol. 139(C).
    10. Aragão, Amanda & Giampietro, Mario, 2016. "An integrated multi-scale approach to assess the performance of energy systems illustrated with data from the Brazilian oil and natural gas sector," Energy, Elsevier, vol. 115(P2), pages 1412-1423.
    11. Prochazka, Vít & Adland, Roar & Wolff, François-Charles, 2019. "Contracting decisions in the crude oil transportation market: Evidence from fixtures matched with AIS data," Transportation Research Part A: Policy and Practice, Elsevier, vol. 130(C), pages 37-53.
    12. Adland, Roar & Cariou, Pierre & Wolff, Francois-Charles, 2016. "The influence of charterers and owners on bulk shipping freight rates," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 86(C), pages 69-82.
    13. Roar Adland & Pierre Cariou & François-Charles Wolff, 2018. "Comparing transaction-based and expert-generated price indices in the market for offshore support vessels," Working Papers halshs-01843720, HAL.
    14. Adland, Roar & Cariou, Pierre & Wolff, Francois-Charles, 2017. "What makes a freight market index? An empirical analysis of vessel fixtures in the offshore market," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 104(C), pages 150-164.
    15. Alssadek, Marwan & Benhin, James, 2023. "Natural resource curse: A literature survey and comparative assessment of regional groupings of oil-rich countries," Resources Policy, Elsevier, vol. 84(C).
    16. Doğan, Buhari & Ghosh, Sudeshna & Shahzadi, Irum & Balsalobre-Lorente, Daniel & Nguyen, Canh Phuc, 2022. "The relevance of economic complexity and economic globalization as determinants of energy demand for different stages of development," Renewable Energy, Elsevier, vol. 190(C), pages 371-384.
    17. Roar Adland & Haakon Ameln & Eirik A. Børnes, 2020. "Hedging ship price risk using freight derivatives in the drybulk market," Journal of Shipping and Trade, Springer, vol. 5(1), pages 1-18, December.
    18. Moradi Nasab, N. & Amin-Naseri, M.R., 2016. "Designing an integrated model for a multi-period, multi-echelon and multi-product petroleum supply chain," Energy, Elsevier, vol. 114(C), pages 708-733.
    19. Pudasaini, Pramesh, 2021. "Integrated planning of downstream petroleum supply chain: a multi-objective stochastic approach," Operations Research Perspectives, Elsevier, vol. 8(C).
    20. Kumar, Sourabh & Barua, Mukesh Kumar, 2022. "A modeling framework and analysis of challenges faced by the Indian petroleum supply chain," Energy, Elsevier, vol. 239(PE).

    More about this item

    Keywords

    Oil; Refinery; Tanker; Pipeline; Port;
    All these keywords.

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:jrpoli:v:69:y:2020:i:c:s0301420719309341. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/inca/30467 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.