Bulgaria’s energy security in the context of energy dependence on the import of oil products

Over the years Bulgaria has remained strongly dependent on its import of oil products mainly due to the lack of oil resources on its territory. This import dependence poses a significant risk for the country’s energy security. In this research we analyse Bulgaria’s energy security in terms of its de...

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Main Author: Diana EFTIMOVA
Format: Article
Language:English
Published: Alexandru Ioan Cuza University of Iasi 2018-03-01
Series:CES Working Papers
Subjects:
Online Access:http://ceswp.uaic.ro/articles/CESWP2018_X1_EFT.pdf
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author Diana EFTIMOVA
author_facet Diana EFTIMOVA
author_sort Diana EFTIMOVA
collection DOAJ
description Over the years Bulgaria has remained strongly dependent on its import of oil products mainly due to the lack of oil resources on its territory. This import dependence poses a significant risk for the country’s energy security. In this research we analyse Bulgaria’s energy security in terms of its dependence on the import of oil products. For the purposes of this research on the energy dependence we estimated the degree of Bulgaria’s dependence on the import of oil products it needs, as well as the degree of import diversification in terms of the number of suppliers and the diversification index. The results show an interesting trend – despite the large number of suppliers, the diversification index remains at levels that pose high risk for the energy security of the country.
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spelling doaj.art-b7065d4b60e64ff08d1b50886df19ea22022-12-21T20:30:09ZengAlexandru Ioan Cuza University of IasiCES Working Papers2067-76932018-03-0110198110Bulgaria’s energy security in the context of energy dependence on the import of oil productsDiana EFTIMOVA0DA Tsenov Academy of Economics, Svishtov, BulgariaOver the years Bulgaria has remained strongly dependent on its import of oil products mainly due to the lack of oil resources on its territory. This import dependence poses a significant risk for the country’s energy security. In this research we analyse Bulgaria’s energy security in terms of its dependence on the import of oil products. For the purposes of this research on the energy dependence we estimated the degree of Bulgaria’s dependence on the import of oil products it needs, as well as the degree of import diversification in terms of the number of suppliers and the diversification index. The results show an interesting trend – despite the large number of suppliers, the diversification index remains at levels that pose high risk for the energy security of the country.http://ceswp.uaic.ro/articles/CESWP2018_X1_EFT.pdfBulgaria’s energy securityenergyimport dependencediversification indexoil products
spellingShingle Diana EFTIMOVA
Bulgaria’s energy security in the context of energy dependence on the import of oil products
CES Working Papers
Bulgaria’s energy security
energy
import dependence
diversification index
oil products
title Bulgaria’s energy security in the context of energy dependence on the import of oil products
title_full Bulgaria’s energy security in the context of energy dependence on the import of oil products
title_fullStr Bulgaria’s energy security in the context of energy dependence on the import of oil products
title_full_unstemmed Bulgaria’s energy security in the context of energy dependence on the import of oil products
title_short Bulgaria’s energy security in the context of energy dependence on the import of oil products
title_sort bulgaria s energy security in the context of energy dependence on the import of oil products
topic Bulgaria’s energy security
energy
import dependence
diversification index
oil products
url http://ceswp.uaic.ro/articles/CESWP2018_X1_EFT.pdf
work_keys_str_mv AT dianaeftimova bulgariasenergysecurityinthecontextofenergydependenceontheimportofoilproducts