Quantitative approach to estimating crude oil supply in Southern Europe

Vladimir Pavlovich Klepikov and Vladimir Vladimirovich Klepikov

Resources Policy, 2020, vol. 69, issue C

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.

Keywords: Oil; Refinery; Tanker; Pipeline; Port (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:eee:jrpoli:v:69:y:2020:i:c:s0301420719309341

DOI: 10.1016/j.resourpol.2020.101787

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