An Economic Analysis of China’s Domestic Crude Oil Supply Policies

Bertrand Rioux, Philipp Galkin and Kang Wu
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Kang Wu: King Abdullah Petroleum Studies and Research Center

Discussion Papers from King Abdullah Petroleum Studies and Research Center

Abstract: China’s domestic oil production has lagged the rapid growth in the country’s oil consumption since 2000, leading to a large, and growing, reliance on crude imports to meet demand. Factors including China’s current market structure and regulatory environment impede further development of the country’s oil industry, despite a number of policies aimed at protecting domestic producers. Using a short-run equilibrium model of China’s oil and gas supply industry, calibrated to 2016 data, the authors assessed the impact of market access barriers on China’s domestic production.

Keywords: Crude Oil Trade; Fossil Fuel Policy; Market Deregulation; Oil Production (search for similar items in EconPapers)
Pages: 27
Date: 2019-05-28
New Economics Papers: this item is included in nep-ene, nep-int and nep-tra
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https://www.kapsarc.org/research/publications/an-e ... oil-supply-policies/ First version, 2019 (application/pdf)

Related works:
Working Paper: An Economic Analysis of China’s Domestic Crude Oil Supply Policies (2019)
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Persistent link: https://EconPapers.repec.org/RePEc:prc:dpaper:ks--2019-dp60

DOI: 10.30573/KS-2019-DP60

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