The Value of Saving Oil in Saudi Arabia

Jorge Blazquez (), Baltasar Manzano, Lester Hunt and Axel Pierru

Discussion Papers from King Abdullah Petroleum Studies and Research Center

Abstract: What is the value of saving a barrel of oil that would otherwise had been consumed domestically? This study explores the question, taking a long-run perspective into a general equilibrium approach. In the case of Saudi Arabia, the difference between the domestic price of oil and the international price represents an opportunity to improve economic efficiency across different activities and sectors. In this context, we study different policies aimed to reduce the domestic consumption of oil.

Keywords: Carbon emissions; Domestic oil consumption; Dynamic general equillibrium model; Fuel efficiency; Intenational oil price; Natural gas; Oil consumption; Oil exports; Policy development; Power generation; Renewable energy; Social welfare (search for similar items in EconPapers)
Pages: 28 pages
Date: 2018-03
New Economics Papers: this item is included in nep-ara and nep-ene
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Citations: View citations in EconPapers (2)

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https://www.kapsarc.org/research/publications/the- ... oil-in-saudi-arabia/ First version, 2018 (application/pdf)

Related works:
Journal Article: The Value of Saving Oil in Saudi Arabia (2020)
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Persistent link: https://EconPapers.repec.org/RePEc:prc:dpaper:ks-2018-dp30

DOI: 10.30573/KS--2018-DP030

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