Although pervasive, subsidies have long been accepted by economists as a generally inefficient, costly means of resource allocation that leads to wasteful consumption and distortion of international trade and local markets. Oil-exporting economies have adopted energy pricing reform since the collapse of the oil price in mid-2014, despite lingering fears that such efforts would hurt […]
With proven natural gas reserves standing at 991.6 trillion cubic feet (Tcf), Iran holds the world’s second largest gas reserves after Russia1. Since the Islamic revolution in 1979, the production of gas in Iran has mainly been intended to meet the domestic demand2. However, at the end of 2001 Iran began to export gas to […]
The European Commission has stuck to its guns in proposing ownership unbundling for energy networks. But David Buchan warns that if the Commission’s plans misfire on investment from inside and outside the EU, and create more of a two tier market structure, they would have been better kept in their holster.
The development of the international economy has created a system of interdependent nations, ultimateiy pointing at one world economy. This process of globalisation has strengthened the role of international economic organisations and treaties, creating new sets of rules, procedures, and principles.
OIES study on Russia’s refining system reviewed: Plans for further additions of more complex refining units have be… https://t.co/GTmB7XB5g0
New OIES paper on Russian refining sector and fuel oil exports: From 2015, as a result of new export tax policies,… https://t.co/2OFbXIbbUX
Russia’s heavy fuel oil exports: challenges and changing rules at home and abroad https://t.co/cDMQaw7xP9