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Reconsidering Inventories: An International Strategy for Strategic Storage Assets

Author

Listed:
  • Jennifer Considine
  • Philipp Galkin
  • Majed Al Suwailem
  • Abdullah Aldayel

    (King Abdullah Petroleum Studies and Research Center)

Abstract

The purpose of this report is to recommend an interconnected regional and international strategy to share the burden of developing and maintaining commercial and strategic storage infrastructure for Saudi crude oil and products through an alliance with the Gulf Cooperation Council (GCC) and other countries. If properly implemented, the project has the capacity to enhance the security of oil supply throughout the transition to a green economy. Such enhancement can be achieved through the centralized tracking and management of commercial and strategic stockpiles overseas. The initiative will forge new links in the global supply chain for crude oil and liquids and reveal new forms of financing for strategic petroleum reserves (SPRs).

Suggested Citation

  • Jennifer Considine & Philipp Galkin & Majed Al Suwailem & Abdullah Aldayel, 2023. "Reconsidering Inventories: An International Strategy for Strategic Storage Assets," Discussion Papers ks--2023-dp17, King Abdullah Petroleum Studies and Research Center.
    • Handle: RePEc:prc:dpaper:ks--2023-dp17
    DOI: 10.30573/KS--2023-DP17
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    File URL: https://www.kapsarc.org/research/publications/reconsidering-inventories-an-international-strategy-for-strategic-storage-assets/
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    Keywords

    Agreement; Allocation; Strategic petroleum reserves; Alternative fuels;
    All these keywords.

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