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A comparative study of strategic petroleum reserve policies of major countries in the world

Lei Zhang

Energy Policy, 2024, vol. 195, issue C

Abstract: Petroleum security is the guarantee of national security that plays an important role in national energy security, while petroleum strategic reserve is the most basic guarantee of national petroleum security. At present, the number of selected countries in the study of petroleum strategic reserves is insufficient, as there are too much vertical comparison and the horizontal comparison analysis is not enough. Based on this, on the basis of comparing the strategic petroleum reserves of major countries in the world in terms of storage methods, address selection, policy formulation, management system and utilization mechanism, this paper conducts longitudinal comparison and horizontal comparative analysis and research, trying to find out their common policy characteristics and advantages from different strategic petroleum reserve policies, modes and practices of various countries, and carries out eliminating the rough and learning from the strong. The experience gained can be used for reference by other countries.

Keywords: Strategic petroleum reserve; Reserve policy; Vertical and horizontal comparison (search for similar items in EconPapers)
JEL-codes: H54 Q43 Q48 Q56 (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:eee:enepol:v:195:y:2024:i:c:s0301421524003823

DOI: 10.1016/j.enpol.2024.114362

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