Reconsidering Inventories: An International Strategy for Strategic Storage Assets

Jennifer Considine, Philipp Galkin, Majed Al Suwailem and Abdullah Aldayel
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Abdullah Aldayel: King Abdullah Petroleum Studies and Research Center

Discussion Papers from King Abdullah Petroleum Studies and Research Center

Abstract: The purpose of this report is to recommend an interconnected regional and international strategy to share the burden of developing and maintaining commercial and strategic storage infrastructure for Saudi crude oil and products through an alliance with the Gulf Cooperation Council (GCC) and other countries. If properly implemented, the project has the capacity to enhance the security of oil supply throughout the transition to a green economy. Such enhancement can be achieved through the centralized tracking and management of commercial and strategic stockpiles overseas. The initiative will forge new links in the global supply chain for crude oil and liquids and reveal new forms of financing for strategic petroleum reserves (SPRs).

Keywords: Agreement; Allocation; Strategic petroleum reserves; Alternative fuels (search for similar items in EconPapers)
Pages: 75
Date: 2023-09-26
New Economics Papers: this item is included in nep-ara and nep-ene
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https://www.kapsarc.org/research/publications/reco ... egic-storage-assets/ First version, 2023

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Persistent link: https://EconPapers.repec.org/RePEc:prc:dpaper:ks--2023-dp17

DOI: 10.30573/KS--2023-DP17

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