Economic cost of China’s oil import: Welfare estimation for 2001–2015

Chen, Zhanming; Zeng, Shipei; Lester, Leo; Zhang, Lin-Ting; Xia, Xiaohua; Xu, Shiyun; Alsaedi, Ahmed; Hayat, Tasawar

doi:10.1016/j.resconrec.2018.02.001

Cited by 13 publications

(2 citation statements)

References 47 publications

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“…14 (Wang et al 2018). Annual economic losses caused by high external dependency were estimated to be between $7.58 billion and $168.24 billion (Chen et al 2018). Also, Petroleum products prices, $/barrel China's petroleum industry is facing a variety of risks from the supply chain perspective.…”

Section: High External Dependencymentioning

confidence: 99%

Review on the petroleum market in China: history, challenges and prospects

et al. 2020

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The petroleum industry plays an essential role in driving China's economic development. In the past few decades, several reforms in the petroleum industry have been implemented; however, there are still some issues that have not been resolved. Moreover, with the new-normal economy, the transition to green energy and international trade disputes, the petroleum market is also facing emerging challenges. Therefore, the purpose of the present study is to review the historical development of China's petroleum market, identify the current challenges and propose corresponding countermeasures for future prospects. As a conclusion, five main challenges are highlighted totally, namely lack of marketization, excess oil refining capacity, high external dependency, environment pollution and unstable international trading relationship. To address these challenges, it is encouraged to deepen petroleum market reform, accelerate the elimination of inefficient refining capacity, diversify oil supply sources, as well as improve domestic petroleum enterprises' ability to resist price risks.

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Section: High External Dependencymentioning

confidence: 99%

Review on the petroleum market in China: history, challenges and prospects

et al. 2020

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“…This is another way to describe CE. Today's emergent demands of domestic oils and gas resources are stimulating the research communities towards devising appropriate means to monitor and evaluate the physical performance for saving energy, processes which are respected as CE as per [1,2]. Firms adapt a technical and institutional framework for enrolling, recycling, and disposal monitoring systems to ensure utilization of waste oils and hazardous wastes with a huge public interest in developing CE [3,4].…”

Section: Introductionmentioning

confidence: 99%

Research Trends and Performance of IIoT Communication Network‐Architectural Layers of Petrochemical Industry 4.0 for Coping with Circular Economy

Zhao

Prabhu

Ahmed

et al. 2021

Wireless Communications and Mobile Computing

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In the present era, many Petrochemical Industries (PIs) are driven energetically due to IIoT (Industrial Internet of Things) Communication Networks/Architectural Layers (CNs/ALs), abbreviated as PI4.0-CNs/ALs. PI4.0 fruitfully participated to achieve the Circular Economy (CE) by speeding the reutilization, recovery, and recycling of scrap materials by minimizing cost, unproductive operations, energy consumption, emission of flue gases, etc. Recently, it has been ascertained that the identification and measurement of Research Trends (RTs) of CNs-ALs help the PI4.0 to build the future CE. In addressing the said research challenge, the objective of this research dossier is turned towards inculcating into future PI4.0 researchers the RTs of CNs/ALs of PI4.0, so that the researches can be organized over the very weak and moderately performing CNs-ALs to hike the future CE. To materialize the RTs of PI4-CNs/ALs, the authors conducted the Systematic Literature Survey (SLS) focusing on PI4.0-CNs/ALs, i.e., Internet of Things (IoTs), Cyber Physical System (CPS), Virtual Reality (VR), Integration (I), Data Optimization (DO), Enterprise Resource Planning (ERP), Plant Control (PC), Data and Analytics (DA), Network (N), and Information and Data Management (IDM). The authors searched three hundred two research documents, wherein two hundred seventy-five research manuscripts qualified as RQ2. Next, the authors collected the DOIs/URLs corresponding to each CN-AL and explored the Sum of Digit Scoring System (SDSS) to summarize the DOIs/URLs of PI4.0-CNs/ALs. The RTs of DO have been determined as excellent and stronger over 2007-2017 than residue CNs/ALs. Eventually, the authors advised scholars to focus on the research areas of very weak and moderately weak performing CNs/ALs in order to attain future CE.

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