Crude Oil Export Research Articles

Research and Application of Electromagnetic Heating Device for Digital Well Site Crude Oil Export

Abstract Most well sites have discontinued using the associated gas-fired furnaces in response to the current situation in the oil fields. Coal-fired heating furnaces are environmentally polluting and prohibited due to local environmental regulations. These two heating methods can cause high costs, poor heating efficiency, and environmental pollution, which cannot be achieved through remote digital monitoring. Research has been conducted on the digital electromagnetic heating device for crude oil in the well site, focusing on introducing its main components and functions, including the electromagnetic heating body, frequency conversion control cabinet, and digital remote monitoring terminal. This device provides one-way internal heating without a heat source, resulting in high thermal efficiency, safety, environmental friendliness, and energy conservation. It comprehensively addresses the drawbacks of traditional electric heating, characterized by low efficiency, susceptibility to damage, and difficult maintenance. In 2022, it was applied at three well sites in the Tongzhai operation area of the Third Oil Production Plant of Changqing Oilfield, replacing the existing gas-fired and coal-fired heating furnaces to heat crude oil, as well as heating the heating belt and various electric heating pipes. This device is highly efficient, safe, environmentally friendly, and energy-saving. Additionally, the temperature and pressure of electromagnetic heating crude oil can be digitally and remotely monitored.

Iraq Crude Oil Exports- January, February, March, April, May, June/ 2023

Table 1. Iraq Crude Oil Exports – January 2023 Table 2. Iraq Crude Oil Exports – February 2023 Table 3. Iraq Crude Oil Exports – March 2023 Table 4. Iraq Crude Oil Exports – April 2023 Table 5. Iraq Crude Oil Exports – May 2023 Table 6. Iraq Crude Oil Exports – June 2023

Analisis Ekspor Minyak Mentah Indonesia

The type of research used in this research is descriptive research with a quantitative method approach. This research uses secondary data. Secondary data was obtained in the form of periodic data (time series) over a period of 30 years (1991-2021) with the analysis model used in this research being a multiple linear regression model with the OLS (Ordinary Least Square) method. The analysis tool used is the SPSS (Statistical Product and Service Solution) program. Sources of data collected in this research came from BPS (Central Statistics Agency), BPS Silastic, Bank Indonesia (BI), World Bank, Library Research. This research suggests increasing Indonesia's crude oil production to meet national and international demand as well as increasing Indonesia's crude oil exports so that it can help accelerate economic development.

The Impact of the Oil Industry on the Economic Development of Nigeria

The study examined the impact of the oil industry on the economic development of Nigeria. The Nigerian petroleum industry dominates the Nigerian economy in terms of profits and revenue. According to the recent Petroleum Export Organization (OPEC) report, Nigeria currently ranks as the world's tenth-largest crude oil reserves and also the world's fifteenth crude oil producer. According to national statistics, the industry generates for the country more than 95% of the country's external revenue and about 80% of government revenue. Secondary data collected on the economic variable used in the study comes from the World Bank, worldometer, and the International Monetary Fund, Statistical Review of World Energy, Central Bank of Nigeria (CBN) Statistical Bulletin, CEICDATA (Organization of the Petroleum Exporting Countries) from 1990 to 2016. An augmented Dickey-Fuller unit root test, and autoregressive distributive lag (ARDL) method, and ARDL related to the test co-integration with various other diagnostic techniques were used for the study. The result reveals that oil production contributed to economic development, but the consumption and export of crude oil did not contribute to the improvement of the Nigerian economy. The study concluded that the government should implement policies that would encourage the private sector to actively participate in the crude oil sector and sectors of the economy. In addition, the government should use the revenue generated from oil to invest in other national sectors such as agriculture and manufacturing to expand the revenue stream of the economy

PREDICTION OF CRUDE OIL PRICES IN INDONESIA USING FOURIER SERIES ESTIMATOR AND ARIMA METHOD

Crude oil is one of the non-renewable natural resources that is crucial for countries around the world in driving economic development. However, the availability of crude oil is decreasing over time. The high demand for crude oil results in scarcity which causes price fluctuations. Low oil prices can reduce state revenues, disrupt development programs, and even trigger budget deficits. On the other hand, an increase in crude oil prices can make a positive contribution to state revenues. Crude oil exports become more profitable, which can increase state revenue through royalties and taxes levied on the oil and gas sector. This additional revenue can be used to support infrastructure development, social programs, and investment in key sectors of the economy. High oil prices can also harm the economy. With the many impacts that can be caused by crude oil prices, the government must be able to anticipate and prepare for it. The data used in this study are data on crude oil prices in Indonesia for monthly periods from January 2018 to October 2023 sourced from the official website of the Ministry of Energy and Mineral Resources (ESDM) of the Republic of Indonesia. The researcher tried to compare two analysis methods, namely the Fourier series and the ARIMA estimator. The results of this study show that the best method in predicting crude oil prices in Indonesia is the Fourier series estimator with Cos-Sin function which produces RMSE and MAPE values of 7.93 and 8.4%. The prediction results can be used as a reference for the government to anticipate and make programs or policies that are more focused and targeted toward the impacts that can be caused by changes in crude oil prices.

Research on interregional oil cooperation-sanctions with evolutionary game

PurposeThe game strategies differ when different regions participate in the oil game. Under what circumstances will different participants choose cooperation or sanction strategies? This is the core issue of this paper.Design/methodology/approachRegarding the current and future game behavior between different regions in the oil trade, this paper constructs an evolutionary game model between two regions to explore the possibility of sanctions strategies between the two sides in different situations.FindingsThe research finds: (1) When the benefits of in-depth cooperation between the two regions are greater, both sides tend to adopt cooperative strategies. (2) When the trade conflict losses between the two regions are smaller, both sides adopt sanctions strategies. (3) When a strong region trades with a weak region, if the former adopts a sanctions strategy, the net profits are greater than the benefits of in-depth cooperation between the two regions. If the latter adopts a sanctions strategy, the net profits are less than the trade conflict losses between the two regions. There will be the strong region adopting a sanctions strategy and the weak region adopting a non-sanctions strategy. At this time, the latter should reasonably balance the immediate and future interests and give up some current interests in exchange for in-depth cooperation between the two regions. Otherwise, it will fall into the situation of unilateral sanctions by the strong against the weak.Originality/valueThere is no paper in the existing literature that uses the evolutionary game method to analyze the oil game problem between the two regions. This paper constructs a two-party evolutionary game model composed of crude oil importers and crude oil exporters and, based on this, analyzes the evolutionary stability between the two regions under sanctions and cooperation strategies, which enriches the energy research field.

THE ENERGY FACTOR IN THE DEVELOPMENT OF SAUDI ARABIA’S FOREIGN POLICY AT THE PRESENT STAGE

The article is devoted to the analysis of the energy factor in the formation and development of the modern foreign policy of Saudi Arabia. For decades, the foreign policy, as well as the entire economic system, of the kingdom has been directly dependent on the export of petroleum products and crude oil. Until the beginning of the 2000s western states were the main importers of Saudi energy resources, which directly affected Riyadh’s foreign policy orientation and often had a negative impact on the implementation of national interests and strategic objectives of state development. However, at the present stage, there is a process of formation of a multi-vector foreign policy of Saudi Arabia due to the intensification of trade and economic relations with non-Western states. When analyzing this aspect, the authors paid special attention to the main indicators of diversification of Riyadh’s leading partners, the results of the negotiation process on the kingdom’s accession to BRICS and the development of cooperation within the expanded OPEC format – OPEC+.

Legal Disputes between Iraq and Turkey over the KRG’s Oil Fields and the Implications of the ICC Court’s Ruling on Them

This paper aims to analyze the dispute that arose between the KRG and Iraq on the one hand, and between Iraq and Turkey on the other, over the export of the KRG's crude oil via the Turkish Ceyhan terminal. Through a comprehensive evaluation of the dispute's origins, this study critically examines the relevant constitutional texts and the factors that led to this disagreement developing into an international conflict between Turkey and Iraq. The paper also examines the repercussions of the International Chamber of Commerce Arbitration Court ruling (ICC Court’s ruling) in Paris on the issue. A qualitative research methodology was carefully used, including an analysis of the implications of the ICC Court's decision, to achieve the study's main goal. Ultimately, in contrast to some observers who viewed the repercussions ICC Court's ruling as a major victory for the Iraqi federal government. This article posits that Iraq's victory is unthinkable due to the more complex tripartite relationship between the parties to the dispute, as well as several bilaterally complex issues between Turkey and Iraq. Furthermore, it is predicted that these repercussions will endanger Iraq if this dispute is not settled amicably.

Iraq Crude Oil Exports- July, August, September, October, November, December/ 2022

Table 1. Iraq Crude Oil Exports – July 2022 Table 2. Iraq Crude Oil Exports – August 2022 Table 3. Iraq Crude Oil Exports – September 2022 Table 4. Iraq Crude Oil Exports – October 2022 Table 5. Iraq Crude Oil Exports – November 2022 Table 6. Iraq Crude Oil Exports – December 2022

Naturally occurring radioactive material (NORM) in Saudi Arabia: A Review

Saudi Arabia, the world's largest crude oil exporter, also possesses rich deposits of natural resources like phosphate, bauxite, copper, and various minerals. Extracting and processing these resources can concentrate naturally occurring radionuclides in the resulting products, byproducts, residues, and wastes. This can sometimes elevate their activity concentrations above original levels, potentially increasing exposure risks for workers and the public, and contaminating the environment.This review provided a comprehensive overview of naturally occurring radioactive materials (NORM) across various industries in Saudi Arabia. It outlines the regulatory framework established by the country's authority for NORM management. By reviewing current literature, the article presents activity concentrations of key radionuclides of interest - 40K and those from the 238U and 232Th decay series-within different industries. The review highlights the need for further research to assess the impact of industrial processes on the activity concentrations of natural radionuclides. It concludes by calling for additional studies to address the significant knowledge gap on NORM in specific industries, particularly phosphate, bauxite, water treatment plant and oil and gas, which have the potential to generate radioactive waste. The importance of characterizing industries involving NORM is emphasized for evaluating radiological impact and implementing appropriate safety measures.

The growth effect of crude oil revenue and capital investment: The Nigerian perspective

AbstractThis study assesses how oil revenue and capital investment affected Nigeria's economic growth from 1981 to 2020. The study uses the autoregressive distributed lag (ARDL) and Toda–Yamamoto causality models for analysis. More so, we considered the possibility of structural break and thus utilised the Lee–Strazicich LM unit root test. The structural break unit roots confirm the stationarity of the variables with identified breakpoints. Therefore, the ARDL result reveals that crude oil revenue enhances short‐ and long‐term economic growth; the short‐term effect is insignificant, but it is very substantial in the long term. Again, capital investment positively but insignificantly drives short‐period economic growth. However, capital investment substantially promotes long‐term economic growth. The causality evidence indicates that crude oil revenue causes capital investment and economic growth. Also, capital investment and economic growth exhibit bidirectional causality. The evidence suggests improving oil revenue by increasing crude oil exports and ensuring pipeline security to reduce oil theft. The government should channel crude oil earnings toward capital investment to promote real economic productivity.

EUROPE UNION BAN ON PALM OIL: THE TREND OF PALM OIL COMPETITIVENESS AND THE CO-INTEGRATION ON THE SOYBEAN AND RAPESEED OIL

Palm oil highly demanded in global trade and expected to gain more demand in the future market. The primary concern regarding palm oil production is its environmental impact. The issue that is focused on in this study the European Union to promote the banning of oil palm in the world market in 2018 and the European parliament decided to ban palm oil for biofuel used. The Europe Union also promoted soybean and rapeseed as replacement for the banned of palm oil in Europe market. Therefore, this study aims for the effect toward the competitiveness using the Revealed Comparative Advantage (RCA) and Revealed Symmetrical Comparative Advantage (RSCA) indices among the major crude palm oil exporters especially within 1991 to 2020 period of years. Moreover, this study also clarified the Autoregressive Distributed Lag (ARDL) co-integration for the soybean and rapeseed oil toward the competitiveness for 2 largest palm oil exporters in the world from 1989 to 2021.

Revealing the evolution of global energy trade patterns amidst the COVID-19 epicenter storm

As the driving force of modern economic development, the evolution of the global energy patterns during major emergencies deserves attention. This study aims to uncover changes in global energy patterns during the COVID-19 epicenter storm. The results reveal concentrated energy trade volume in a few flows, with high-income countries holding greater influence. Amid the epicenter storm, there was a contraction in global energy trade volume, and trading patterns underwent significant shifts: (1) the global natural gas trading center shifted from the Middle East to western Africa initially, then to the United States and Russia; (2) Brazil, a crucial crude oil exporter, saw a weakened position in global crude oil exports; and (3) in the coal trading network, Australia and Russia maintained their position as trading centers throughout the storm. Swift policy adaptation is crucial for resilience and stability amid evolving global energy patterns.

Iraq Crude Oil Exports, (January, February, March, April, May, June)/ 2022

List of TablesTable 1. Iraq Crude Oil Exports – January 2022Table 2. Iraq Crude Oil Exports – February 2022Table 3. Iraq Crude Oil Exports – March 2022Table 4. Iraq Crude Oil Exports – April 2022Table 5. Iraq Crude Oil Exports – May 2022Table 6. Iraq Crude Oil Exports – June 202

A Kingdom of Possibility

A Kingdom of Possibility

Implementation of Saudi Vision 2030 Towards Saudi Arabia’s Internationally Open Tourism Industry

The existence of globalization encourages access to worldwide economic development that does not solely rely on one sector, especially in the tourism sector. Saudi Vision 2030, in foreign policy theory, is perceived as Saudi Arabia’s strategy to diversify the country’s economy. The decline in global oil prices has resulted in the swelling of the state deficit. Under the leadership of Prince Muhammad bin Salman, the Saudi Arabian Government undertook efforts to diversify the revenue sector, aiming to reduce the country’s economic dependence on crude oil exports. Through Vision 2030, tourism is prioritized as a significant contributor to state revenue. The development of tourism components and the opening of new tourist destinations are forms of implementation initiated by the government based on the Saudi Vision. This research combines the theory of foreign policy and tourism concepts employed by the government of Saudi Arabia. The qualitative research method uses secondary data from literature studies, including journals, books, official websites, and articles. The results indicate that the realization of Saudi Vision 2030 in the tourism industry is through the development of tourism components in hotels, transportation, and restaurants and the opening of new tourist destinations, specifically in culture and adventure tourism

An Ideational Metafunction Analysis of President Joko Widodo’s Speech on Crude Palm Oil (CPO) Policies

The purpose of this research is explaining the ideational function of the two speeches by President Jokowi about Crude Palm Oil (CPO) Policies. The design of this research was descriptive qualitative research. The data for this study constituted two speeches President Joko Widodo about crude palm oil (CPO) exports on two different occasions at State Secretariat website (https://www.setneg.go.id) that was obtained by copying and pasting. The speeches were analysed by using systemic functional linguistics methods that is focused to ideational metafunction (experiential meaning and logical meaning). The result of the analysis was both of speech Joko Widodo revealing the similarity. Speech A showed mental process dominant in experiential meaning and speech B also showed mental process dominant. Beside the similarity both of speech, Jokowi speech revealed the differential using participant (senser), speech A used word of pemerintah, and on speech B using word of saya. Using word of pemerintah was a form of Jokowi as President not wanting to be blamed when bad things happen in made crude palm oil’s policy. Therefore, using word of saya was imaging form of Jokowi, because his clause gave profit for his electability. Jokowi was very careful in publishing speech, word of very careful reflected as self-righteousness.

Obstacles to Investment in Iraq

Creating the right environment is one of the most important factors for attracting capital and investors. Also, the requirements that attract investment may be related to such as the availability of manpower, natural resources and market needs, and these are present in Iraq. There are requirements that the state must provide through appropriate legislation and laws, which require clarity and simplification, in addition to security and political stability because the capital operates in safe and stable conditions. Investment is of great importance to the Iraqi economy, for its role in the development and transfer of technology and modern technologies to contribute to the development of Iraq, increase and diversify its production base, and bypass the unilateral aspect that depends entirely on the export of crude oil, there are some obstacles that still remain and need to be resolved. Some obstacles to foreign investment in Iraq. The objective of the study is knowing the obstacles of the Iraqi investment environment

Crude Oil Price Bubble Identification and Risk Assessment From Different Spot Markets: Establishing a Sustainable Energy Policy

Crude oil, as a strategic energy resource for social development, has witnessed substantial price fluctuations in recent years, impacting the sustainability of economy, ecological environment, and energy security. This paper utilized weekly crude oil price data from January 2003 to March 2023 to examine price bubbles in different markets using the SADF and GSADF methods, identified the duration of price bubbles by comparing the BSADF series with critical value series, assessed the risk of price bubbles in different markets using the established comprehensive indicators, and explored sustainable energy policies from the perspectives of both crude oil importers and exporters. The findings of this study indicate that bubbles exist in the world’s major crude oil markets, with linkages and differences in their origin and termination across different markets. The risk of price bubbles varies widely across different crude oil markets and has significant geographical characteristics, with a higher risk in the markets such as OPEC, Oman, and Dubai, and a lower risk in the markets such as WTI, Brent, and Daqing. This paper proposes sustainable energy policies from the perspective of energy importers and exporters. This is of great importance to enhance the ability of different countries to cope with the risk of crude oil price bubbles and to ensure the sustainability of economic development, ecological environment, and energy security.

Structural Analysis of Import Oil and Gas in Indonesia

As a world crude oil exporter, Indonesia can only meet domestic oil needs of 40% and 60% through imports. The level of imports in the oil and gas sector, which is higher than exports, impacts the trade balance, which can threaten the stability of the domestic economy. This study analyzes oil and gas import policies using time-series data from 2005Q1-2021Q4 using the VECM approach. The study results show that GDP, inflation, world oil prices, and interest rates affect oil and gas imports. Structural analysis shows that inflation and world oil prices are essential in oil and gas import policies. The implications of the research show that apart from political policies, decisions on oil and gas imports must also pay attention to conditions of domestic inflation and international oil prices to stabilize domestic economic conditions.