Mexico oil sector plans look highly optimistic

Significance The aim is for all production to be processed at Pemex refineries, and for petrol imports to be eliminated from 2023, making Mexico’s oil sector completely self-sufficient. Impacts The zero-exports strategy may prompt further downgrading of Pemex’s debt by rating agencies. Reduced oil exports would push Mexico’s trade and current accounts into deeper deficits, affecting the peso-dollar exchange rate. Crude export reduction by Mexico would have little to no effect on international prices.

Issues and Strategies in Reconciling the Malaysia-EU Palm Oil Discord

The EU has decided to phase out imports of palm oil used in biofuels in the EU by 2030. This affects people in Malaysia who rely on the palm oil business for their livelihood. This chapter examines the events leading up to the EU's anti-palm oil actions and the many ways in which Malaysia has responded to defend its palm oil sector. This includes 1) countering EU's allegation through scientific research, 2) demonstrating its commitment to transform the palm oil industry toward sustainability through certification standards, 3) fostering the commitment to grow palm oil sustainably, 4) garnering support from ASEAN and the international community, 5) expressing its opposition and warnings for retaliatory measures against the EU, and 6) requesting consultation under the WTO dispute settlement mechanism. It presents the political processes that generate policy interventions aimed at defending palm oil trade with the EU alerting that economic decoupling and direct conflict may exacerbate the problem, weaken bilateral relations, and elude good improvements in the palm oil business.

Implications of the Inclusive Pro-Poor Tourism Planning in Uganda for Strategic Planning for Community-Based Tourism Development in Nigeria

Many Nigerians are unemployed and live in extreme poverty. The Nigerian government has therefore identified tourism as one of the promising sectors in its efforts to diversify the economy from the oil sector. CBT which is a kind of tourism that encourages environmental, social, cultural, and economic sustainability in communities could be a good model for addressing the socio-economic challenges confronting Nigeria. Based on literature derived from JSTOR, Google Scholar, and Emerald, this chapter draws implications from the inclusive pro-poor tourism planning in Uganda for CBT development in Nigeria.

Sustainable Materials Production for Oily Wastewater Treatment

The discharge of water from oil fields It has become one of the most significant environmental concerns associated with the oil sector. Hydrocarbon spills and crude oil fuel spills are a continual hazard to aquatic ecosystems. Inexpensive and sustainable sorbent materials are needed to mitigate the environmental damage of this pollution. To meet this need, this study features a low-density polysulfide polymer prepared by Sulfur and used cooking oils react directly. Since both sulfur and cooking oils are hydrophobic, the polymer is close to hydrocarbons such as crude oil and diesel fuel and can easily remove them from seawater. Oil can be recovered and polymer can be reused in oil spill treatment. Polysulfide is unique in that it is prepared from completely recycled waste. Sulfur is a by-product of the petroleum industry, and used cooking oil can also be used as a raw material. Therefore, waste sulfur from the petroleum industry is used to make effective anti-pollution adsorbents from the same sector According to the study’s findings, 98.55 percent of the oil was removed from the north.

The Commodities Fetish? Financialisation and Finance Capital in the US Oil Industry

This article explores the financialisation of the world’s most important commodity, oil. It argues that much of the literature on the financialisation of commodities tends to adopt a dualistic approach to financial markets and physical producers, where financial and non-financial activities are assumed to be externally-related and counterposed to one another. The article locates the roots of this analytical separation in a mistaken acceptance of the fetish character of interest-bearing capital (IBC) – a view that the exchange of loanable sums of capital represents a relationship between money-capitalists rather than a relationship to the moment of production. Against such dichotomous readings, the article argues that the financialisation of oil needs to be understood as part of the reworking of ownership and control across the oil commodity circuit, expressed through the combined centralisation and concentration of capital over the money, productive and commercial moments. This argument is demonstrated through an original empirical investigation of the US oil industry, including 20 years of weekly trading data on the New York Mercantile Exchange (NYMEX) and a detailed study of more than 160 oil and energy-related firms in the US. By mapping the structural weight and connections between different capitalist actors involved in accumulation across the oil sector, we gain a better understanding of the ultimate dynamics (and beneficiaries) of the carbon economy.

Finance and Innovation Solutions to Implement Investment Programs in Electric-Power Complex of the Russian Federation

Today we observe changes in concepts of organizing power - engineering industry and tariff pricing. While estimating the pressure of sanctions, everybody agrees that the worst damage is caused by finance tools. Therefore, innovation in electric-power sector is started with finance innovation. It is also necessary to bear in mind the future earnings of stakeholders and households that plan to re-orient their investment from oil sector to electric-power engineering. This trend is being discussed right now, though for Russia with its gas reserves and customer preferences the process of investment changes can be rather long. The finance platform in this industry is not fundamental yet. It is possible to start innovation only after accumulating some funds. For instance, it is planned to change elements in the structure of power and fuel potential, to reform technical and technological elements of infrastructure (chat-bots with geographic and product applications, drones, quadrocopters, which can be used for linear and high buildings). In the future it is planned to develop new customer clusters with certain social index. In the article the authors study finance and innovation solutions to implement innovation programs in electricpower complex in conditions of digitalization and imperative indices of investment, though digitalization is called the key anti-ecological factor in this sector.

Modeling Enablers of Transporter’s Performance in Downstream Logistics of the Indian Oil Sector

Oil industry in India has entered the competitive world, and each organization used probing strategies to reduce cost. India is a non-oil-producing country, and the scope for this lies in reducing supply chain cost in downstream logistics. This research provides an integrated model of key enablers for transporter’s performance in downstream logistics excellence of Indian oil sector to provide oil marketing companies’ a direction for design of future strategies to reduce downstream logistics cost. The sequential mixed-methods design is adopted. It identifies the enablers through literature review and interviews with transporters, working managers, and logistics experts (qualitative), and then, interpretive structural modeling (ISM) and MICMAC analysis (quantitative) are used to develop the diagraph and matrix to establish the contextual relationship and find their role and influence on each other. This readymade, unique, and unified model provides enablers for transporters’ performance in different individual categories, namely, dependent, independent, and autonomous enablers, and link them based on their driving power and dependence power along with their influencing behavior to enable transporters, working managers, and top management to focus on for reducing the logistics cost and shall add value for the ultimate customers. The academicians shall be benefited by appreciating practical aspects of this business.

Libyan politics may rattle the oil sector yet again

Significance Libya’s hydrocarbons sector has seen a period of relative stability since the end in 2020 of eastern military commander Khalifa Haftar’s military offensive against Tripoli and the formation of the Government of National Unity in early 2021. Oil and gas revenues are central to the national budget -- and their control and distribution are focal points of political contention. Impacts The main risk to oil production in 2022 is the possibility of a renewed political crisis triggered by elections. Prompt payment of salaries and fees will remain important to discouraging private security forces from closing down oil infrastructure. Foreign oil and gas companies will become more cautious about new investment.

TRANSPORTATION AND LOGISTICS SYSTEM OF AZERBAIJAN

The article analyzes the main prospects of transport transportation and logistics system of Azerbaijan, briefly describes the implementation of giant transport projects in the republic, both economic and geopolitical in nature, because the products produced in the country are not oil sector will be exported to world markets via international transport routes.