Global Refining Industry in Retrospect, and Evaluation of Russia-EU Petroleum Products' Trade Perspectives


Abstract views: 186 / PDF downloads: 187

Authors

  • Igbal A. Guliyev
  • Elnur T. Mekhdiev MGIMO UNIVERSITY (Moscow State Institute of International Relations).Russia, Moscow, 119454, Prospect Vernadskogo76 http://orcid.org/0000-0001-6248-6673
  • Igor I. Litvinyuk
  • Alexandr V. Bondarenko
  • Aibulat R. Yanguzin

Abstract

Oil-refining industry plays a significant role in the development of the world fuel and energy complex. In the meantime, at the current stage of this industry's development quality changes are taking place in it. Taking into account the traditional siting of refinery capacity close to consumption centers, many countries consider the possibility of building their own oil refineries to satisfy the growing domestic demand for oil products. Other countries consider the possibility of developing refineries not only for the national market, but also for export of petroleum products. Such a tendency can be observed in Russia. The article deals with current state and relevant issues of development of oil refining industry on the global scale, with the latter being largely driven by consumer demand changes. Particular attention is given to Baltic Sea region countries that are considered as potential markets for diesel fuel exports in the context of the capacity increase of oil refining in Russia.Keywords: Russia, oil, petroleum products, diesel, refining, international trade, EU, energy marketJEL Classifications: F16, F63, O52, R12, L16, L71

Downloads

Download data is not yet available.

Author Biography

Elnur T. Mekhdiev, MGIMO UNIVERSITY (Moscow State Institute of International Relations).Russia, Moscow, 119454, Prospect Vernadskogo76

Center for Post-Soviet Studies of the Institute of international studies of the Moscow State Institute of International Relations (MGIMO-University), scientific researcher

Downloads

Published

2017-11-01

How to Cite

Guliyev, I. A., Mekhdiev, E. T., Litvinyuk, I. I., Bondarenko, A. V., & Yanguzin, A. R. (2017). Global Refining Industry in Retrospect, and Evaluation of Russia-EU Petroleum Products’ Trade Perspectives. International Journal of Energy Economics and Policy, 7(5), 209–216. Retrieved from https://econjournals.com/index.php/ijeep/article/view/5618

Issue

Vol. 7 No. 5 (2017)

Section

Articles

License

Submission of an article implies that the work described has not been published previously , that it is not under consideration for publication elsewhere, that its publication is approved by all authors and tacitly or explicitly by the responsible authorities where the work was carried out, and that, if accepted, will not be published elsewhere in the same form, without the written consent of the Publisher. The Editors reserve the right to edit or otherwise alter all contributions, but authors will receive proofs for approval before publication.