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An Economic Analysis of China’s Domestic Crude Oil Supply Policies

Author

Listed:
  • Bertrand Rioux
  • Philipp Galkin
  • Kang Wu

    (King Abdullah Petroleum Studies and Research Center)

Abstract
China’s domestic oil production has lagged the rapid growth in the country’s oil consumption since 2000, leading to a large, and growing, reliance on crude imports to meet demand. Factors including China’s current market structure and regulatory environment impede further development of the country’s oil industry, despite a number of policies aimed at protecting domestic producers. Using a short-run equilibrium model of China’s oil and gas supply industry, calibrated to 2016 data, the authors assessed the impact of market access barriers on China’s domestic production.

Suggested Citation

  • Bertrand Rioux & Philipp Galkin & Kang Wu, 2019. "An Economic Analysis of China’s Domestic Crude Oil Supply Policies," Discussion Papers ks--2019-dp60, King Abdullah Petroleum Studies and Research Center.
    • Handle: RePEc:prc:dpaper:ks--2019-dp60
    DOI: 10.30573/KS-2019-DP60
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    File URL: https://www.kapsarc.org/research/publications/an-economic-analysis-of-chinas-domestic-crude-oil-supply-policies/
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    Keywords

    Crude Oil Trade; Fossil Fuel Policy; Market Deregulation; Oil Production;
    All these keywords.

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