Government subsidies and demand for petroleum products in Iran
Oil-exporting countries are among the world’s fastest growing consumers of petroleum products. Between 1966 and 1986, encouraged by rising incomes and falling prices, domestic consumption of oil in OPEC countries increased by 94 per cent per year. Without further increase in capacity, at this rate...
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| Format: | Working paper |
| Language: | English |
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Oxford Institute for Energy Studies
1996
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| _version_ | 1826267530635771904 |
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| author | Salehi-Isfahani, D |
| author_facet | Salehi-Isfahani, D |
| author_sort | Salehi-Isfahani, D |
| collection | OXFORD |
| description | Oil-exporting countries are among the world’s fastest growing consumers of petroleum products. Between 1966 and 1986, encouraged by rising incomes and falling prices, domestic consumption of oil in OPEC countries increased by 94 per cent per year. Without further increase in capacity, at this rate their consumption of refined products – which in 1993 stood at 15 per cent of oil production capacity – could exceed 50 per cent in fifteen years, thus displacing the rest of the world as the main consumer of OPEC oil. In some countries – for example, Iran, Indonesia and Nigeria – domestic consumption has already reached one-third of production, and unless checked it may outgrow planned expansion in capacity. Serious difficulties in financing the building of new capacity have prompted many countries to try to restrain domestic consumption in order to free more crude oil for exports. Increased awareness of environmental costs arising from inefficient use of oil products has also strengthened conservationist policies in oil-exporting countries. |
| first_indexed | 2024-03-06T20:55:36Z |
| format | Working paper |
| id | oxford-uuid:3924c398-ad30-4f31-9940-39dd77a3b1be |
| institution | University of Oxford |
| language | English |
| last_indexed | 2024-03-06T20:55:36Z |
| publishDate | 1996 |
| publisher | Oxford Institute for Energy Studies |
| record_format | dspace |
| spelling | oxford-uuid:3924c398-ad30-4f31-9940-39dd77a3b1be2022-03-26T13:53:53ZGovernment subsidies and demand for petroleum products in IranWorking paperhttp://purl.org/coar/resource_type/c_8042uuid:3924c398-ad30-4f31-9940-39dd77a3b1beEnglishOxford University Research Archive - ValetOxford Institute for Energy Studies1996Salehi-Isfahani, DOil-exporting countries are among the world’s fastest growing consumers of petroleum products. Between 1966 and 1986, encouraged by rising incomes and falling prices, domestic consumption of oil in OPEC countries increased by 94 per cent per year. Without further increase in capacity, at this rate their consumption of refined products – which in 1993 stood at 15 per cent of oil production capacity – could exceed 50 per cent in fifteen years, thus displacing the rest of the world as the main consumer of OPEC oil. In some countries – for example, Iran, Indonesia and Nigeria – domestic consumption has already reached one-third of production, and unless checked it may outgrow planned expansion in capacity. Serious difficulties in financing the building of new capacity have prompted many countries to try to restrain domestic consumption in order to free more crude oil for exports. Increased awareness of environmental costs arising from inefficient use of oil products has also strengthened conservationist policies in oil-exporting countries. |
| spellingShingle | Salehi-Isfahani, D Government subsidies and demand for petroleum products in Iran |
| title | Government subsidies and demand for petroleum products in Iran |
| title_full | Government subsidies and demand for petroleum products in Iran |
| title_fullStr | Government subsidies and demand for petroleum products in Iran |
| title_full_unstemmed | Government subsidies and demand for petroleum products in Iran |
| title_short | Government subsidies and demand for petroleum products in Iran |
| title_sort | government subsidies and demand for petroleum products in iran |
| work_keys_str_mv | AT salehiisfahanid governmentsubsidiesanddemandforpetroleumproductsiniran |