Clustering of oil refining plants in Russia

2020 ◽  
Author(s):  
Alina A. Tagaeva ◽  
◽  
Yuri A. Dziuba ◽  
Keyword(s):  
Crude Oil ◽  
Russian Federation ◽  
Oil Price ◽  
Refining Industry ◽  
Oil Refining ◽  
Applied Method ◽  
Processing Depth ◽  
Positive Effect ◽  
Refine Crude ◽  
Made In

Today in Russian Federation there are more than 30 oil–refining plants that refine crude oil and make final consumption products. Because of a necessity of quick modernization of oil–refining plants taxes reforming decisions were made in 2014. In 2015 statistics showed a positive effect occurred by these measures and Russian oil refining industry became more competitive despite the low oil price fact. Nevertheless there are still problems as low processing depth, incomplete loading of facilities and really low indicators of particular plants. So the applied method of clustering oil refining plants was made to make recommendations for every group in order to make whole industry more effective.

تقييم واقع صناعة تصفية النفط في العراق

2021 ◽  
Vol 2020 (67) ◽  
pp. 154-184
Author(s):  
دانية اياد جاسم ◽  
أ. د . فلاح خلف علي
Keyword(s):  
Crude Oil ◽  
Electrical Current ◽  
Oil Products ◽  
Refining Industry ◽  
Oil Refining ◽  
High Quality ◽  
Investment Projects ◽  
Oil Refineries ◽  
Self Sufficiency ◽  
Strong Sector

The oil refining industry in Iraq is one of the industries of strategic importance, and what these industries have been subjected to destruction, obsolescence and neglect in a way that led to the deterioration of oil products in quantity and quality, and in a manner that is not commensurate with Iraq's capabilities in the field of daily crude oil production, as well as its incompatibility with laws and standards. In addition to the inability of these industries to achieve self-sufficiency and resort to closing the gap through imports. The study assumes that rebuilding the oil refineries in Iraq on modern foundations commensurate with international environmental laws and standards, will contribute to achieving self-sufficiency in high-quality oil products and open new horizons for the refining industry. The study reached several conclusions, the most important of which are the most important reasons for the decline in the production of refineries in Iraq, failure to implement investment projects for the oil refineries sector, reliance on old methods of liquidation, obsolescence of treatment units, neglect of maintenance and maintenance operations, and continuous stops due to the interruption of electrical current, and sabotage of some pipelines that transport crude oil to the refineries. The researcher recommended that the existence of a strong sector of refineries in Iraq capable of securing energy sources and achieving self-sufficiency, in addition to its ability to compete, that achieving this goal requires working on building new and modern refineries and rehabilitating old refineries to increase production capacities and obtain high-quality oil products to Iraq can compete in the global

OIL, UNCERTAINTY, AND GASOLINE PRICES

2016 ◽  
Vol 22 (3) ◽  
pp. 546-561 ◽  
Author(s):  
Dongfeng Chang ◽  
Apostolos Serletis
Keyword(s):  
Crude Oil ◽  
The United States ◽  
Oil Price ◽  
Multivariate Garch ◽  
Gasoline Prices ◽  
Price Uncertainty ◽  
Structural Vector Autoregression ◽  
Alternative Measures ◽  
The Relationship ◽  
Positive Effect

In this paper we investigate the relationship between crude oil and gasoline prices and also examine the effect of oil price uncertainty on gasoline prices. The empirical model is based on a structural vector autoregression that is modified to accommodate multivariate GARCH-in-Mean errors. We use monthly data for the United States over the period from January 1976 to September 2014. We find that there is an asymmetric relationship between crude oil and gasoline prices, and that oil price uncertainty has a positive effect on gasoline price changes. Our results are robust to alternative model specifications and alternative measures of the price of oil.

scholarly journals COMPARATIVE ANALYSIS OF OIL PROCESSING DEPTH BY NELSON INDEX IN DIFFERENT COUNTRIES

2019 ◽  
pp. 77-81
Author(s):  
E. A. Mishukov ◽  
Yu. N. Linnik
Keyword(s):  
Comparative Analysis ◽  
Oil Refinery ◽  
Refining Industry ◽  
Oil Refining ◽  
Oil Refineries ◽  
Oil Processing ◽  
The Past ◽  
Processing Depth ◽  
Petrochemical Products

The current challenges of the domestic oil refining industry have been identified. The significance of the latest requirements for the quality of petrochemical products has been highlighted, as well as the need for technical and technological updating of oil refineries has been described. The use of the Nelson index as an assessment of the quality of petrochemical products at refineries has been considered. The formulas of the complexity factor and the Nelson index have been described. The principles and mechanisms of calculating the Nelson index for a conditional oil refinery have been disclosed. The statistics on the most modern oil refineries in Russia, using the Nelson index, has been presented. An analysis and comparison of changes by country within the framework of this indicator over the past years have been compiled.

scholarly journals Can Oil Refiners Adjust to a Greater Supply of Shale Oil?

2021 ◽  
Author(s):  
Walid Matar ◽  
Rami Shabaneh
Keyword(s):  
Crude Oil ◽  
Refining Industry ◽  
Oil Refining ◽  
Shale Oil ◽  
Oil Refineries ◽  
Oil Supply ◽  
Production Growth

The advent of American shale oil and its prospects for continued production growth have raised concerns about whether oil refineries can handle the increasingly lighter crude oil supply. To provide a perspective on this issue, we run a global oil refining model for the years from 2017 to 2030. The model’s objective is to maximize refining industry profits in eight global regions, taking into account around 100 grades of crude oil.

scholarly journals Crafting Spaces of Value

2020 ◽  
Vol 38 (2) ◽  
pp. 38-52
Author(s):  
Omolade Adunbi
Keyword(s):  
Crude Oil ◽  
Niger Delta ◽  
The State ◽  
Refining Industry ◽  
Oil Refining ◽  
Corporate Power ◽  
Youth Groups ◽  
Energy Capture ◽  
Oil Corporations ◽  
Local Materials

This ethnographic investigation of the rise of the artisanal oil refining industry in the Niger Delta, Nigeria, shows how oil infrastructures have become contested between the state, multinational oil corporations and local youths in what I call a ‘new oil frontier’. I argue that artisanal refineries are indicative of the politics of crude oil governance and reveal complex, integrated and innovative forms of extractive practices by youth groups within many Niger Delta communities. Using the example of the Bodo community in Ogoniland, where local youths operate refineries constructed with local materials and technology, I show that such refineries represent an emergent form of energy capture that transforms the creeks of the Niger Delta into islands of carbon sale and challenges state and corporate power.

A Density-Method-Based Model for Allocating the Refining Cost of Gasoline and Diesel in China

2012 ◽  
Vol 524-527 ◽  
pp. 1773-1779
Author(s):  
Wei Qi Li ◽  
Lin Wei Ma ◽  
Feng Fu ◽  
Ya Ping Dai
Keyword(s):  
Crude Oil ◽  
Influencing Factor ◽  
Refining Process ◽  
Oil Price ◽  
Oil Refining ◽  
Crude Oil Price ◽  
Density Method ◽  
Refining Cost ◽  
The Cost ◽  
Operation Cost

In this paper, we present a density-method-based model to allocate the refining cost to petroleum products such as gasoline and diesel. By using this model, we also present an empirical study of China, which is based on a virtual crude oil refining process proposed referring to the technical configuration of oil refining industry in China. Three scenarios of the cost of gasoline and diesel are illustrated referring to different settings of the change of the international crude oil prices. The results indicate that the cost of gasoline and diesel change nearly the same amplitude as the change of crude oil price. However, the margin between the cost of gasoline and diesel will slightly increase with the rise of crude oil price. Besides, we also present a sensitivity analysis of the operation cost of each unit in the refining process. The results reveal that the operation cost of catalytic reforming is the most important influencing factor of the cost of gasoline, while the operation cost of hydrogen cracking influences the cost of diesel mostly.

scholarly journals OIL PRICE VOLATILITY AND INFRASTRUCTURAL GROWTH: EVIDENCE FROM AN OIL- DEPENDENT ECONOMY

2019 ◽  
Vol 4 (1) ◽  
pp. 17-28
Author(s):  
Sunday Osahon Igbinedion
Keyword(s):  
Crude Oil ◽  
Inflation Rate ◽  
Negative Impact ◽  
Price Volatility ◽  
Oil Price ◽  
Oil Refining ◽  
Domestic Economy ◽  
External Shocks ◽  
Oil Price Volatility ◽  
Error Correction Modeling

Since the discovery of crude oil in Nigeria in 1957, the Nigerian economy has remained a mono-product economy largely impacted by the effects of oil price volatility with its attendant adverse consequences on the nation’s revenue profile and infrastructural growth. Accordingly, this paper attempts to investigate the nexus between oil price volatility and infrastructural growth in Nigeria, utilizing cointegration and error correction modeling approach for the period 1981-2015. The data for this study were sourced from the Central Bank of Nigeria Statistical Bulletin, 2014 and 2016 editions. The results suggest that both oil price volatility and inflation rate tend to exert negative impact on infrastructural growth, while the appreciation of real exchange rate tend to trigger investment in infrastructure. Accordingly, we recommend, among others, the need to design and implement effective diversification policies with a view to raising the nation’s revenue trajectory, while strengthening local crude oil refining capacity so as to minimize the adverse consequences of such external shocks on the domestic economy.

scholarly journals Dynamic Relationship Between Global Oil Price and the Eswatini’s Exchange Rate: A Toda-Yamamoto Approach

2019 ◽  
pp. 82-86
Author(s):  
Sotja G. Dlamini
Keyword(s):  
Developing Countries ◽  
Exchange Rate ◽  
Crude Oil ◽  
Global Market ◽  
Exchange Rate Policy ◽  
Nominal Exchange Rate ◽  
Oil Price ◽  
Oil Refining ◽  
Crude Oil Price ◽  
United States Dollar

Globalization and liberalization puts the emphasis on exports as a technique in which developing countries like the Kingdom of Eswatini should adopt to expand their markets beyond their domestic market. For the developing countries to be international competitive in the global markets they need to minimize their production cost particularly on the products that are being exported. The production of most of the exported commodities needs lot energy from oil; hence there has been tremendous increase of oil and its by-product worldwide. The current oil demand for most countries in the world is not met because of insufficient reserves for crude oil in most countries. The Kingdom of Eswatini does not have an oil reserves or oil-refining facilities hence they depends on imports from the neighbouring states in order to meet the consumption requirement. The oil price shocks in the global market normally have adversely effects on various macroeconomic variables such as exchange rate since the oil is traded in US dollars. Oil and exchange rate are considered to be essential factors for domestic economies for developing countries like the Kingdom of Eswatini. The purpose of the study is to investigate the causal relationship between Lilangeni-dollar exchange rate and crude oil price by using the Toda-Yamamota approach. The study used daily time series from January 01st, 2005 to April 30th, 2018 of nominal exchange rate of Lilangeni (Eswatini currency [SZL]) vis-à-vis United States dollar (USD) data as well as the global price of Brent crude oil data that was used as a proxy for the Global crude oil price. The results from the Toda-Yamamoto Granger causality test revealed that there is a unidirectional causality from the global oil price to the Eswatini’s nominal exchange rate (SZL/USD). Hence the study concluded that the global crude oil price influence the Eswatini’s nominal exchange rate. Therefore the study recommends that in the formulating of Eswatini’s exchange rate policy emphases should be on the global oil prices in order not to misalign the Eswatini’s currency.

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