Diversification of oil import sources and energy security: a key strategy or an elusive objective?

Vivoda, Vlado (2009) Diversification of oil import sources and energy security: a key strategy or an elusive objective?. Energy Policy, 37 11: 4615-4623. doi:10.1016/j.enpol.2009.06.007


Author Vivoda, Vlado
Title Diversification of oil import sources and energy security: a key strategy or an elusive objective?
Journal name Energy Policy   Check publisher's open access policy
ISSN 0301-4215
1873-6777
Publication date 2009-01-01
Sub-type Article (original research)
DOI 10.1016/j.enpol.2009.06.007
Volume 37
Issue 11
Start page 4615
End page 4623
Total pages 9
Place of publication London, United Kingdom
Publisher Elsevier
Language eng
Abstract This paper explores the relationship between the diversification of sources of imported oil and energy security of oil-importing countries. It examines the importance of diversification policy for oil importers, explains why oil importers implement oil diversification policy, and contextualizes the oil import diversification strategy in the overall energy security policy of oil importers. The paper analyzes the factors and the contexts that affect the level of importance assigned to oil import diversification policy in oil-importing countries, and the limitations that may affect the successful implication of oil import diversification policy. The examples are drawn from the world's top three oil importers, the United States, Japan, and China. The policymakers in these and other oil-importing countries place much importance on energy security. The diversification of oil import sources is used as one of the strategies to enhance energy security in oil-importing countries. This paper is important for policymakers in oil-importing countries as it provides them with a qualitative conceptual framework with which to evaluate the need to diversify their countries' sources of imported oil, and with which to identify the likely limitations to the successful implementation of oil import diversification policy.
Keyword Diversification
Energy security
Oil imports
Q-Index Code C1
Q-Index Status Provisional Code
Institutional Status Non-UQ

Document type: Journal Article
Sub-type: Article (original research)
Collection: Centre for Social Responsibility in Mining Publications
 
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