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Begin New Search Political Geography Europe Author Giacomo Luciani

1. New markets and partners for Saudi oil exports

Author:
Giacomo Luciani
Publication Date:
09-2013
Content Type:
Policy Brief
Institution:
Norwegian Centre for Conflict Resolution
Abstract:
Flows of crude oil sales are determined by refining demand. In recent years Saudi Arabia has invested massively in captive refining capacity at home and abroad and will be able to refine two-thirds or more of its oil in controlled refineries by the end of the current decade. Because refineries in Europe are likely to be put on sale as distressed assets, Saudi Aramco would have no difficulty in further expanding its controlled capacity. A continuation of this trend may even lead to the Kingdom not exporting crude oil to third parties at all. This is in line with the country's ambition to diversify its economy and its limited interest in further expanding oil production for the sake of selling oil as crude.
Topic:
Diplomacy, International Trade and Finance, Markets, and Oil
Political Geography:
Europe, Middle East, and Saudi Arabia

2. Strategic Oil Stocks and Security of Supply

Author:
Giacomo Luciani and François-Loïc Henry
Publication Date:
06-2011
Content Type:
Working Paper
Institution:
Centre for European Policy Studies
Abstract:
Holding strategic oil stocks is at first sight an obvious tool to address potential disturbances in supplies. Rationally defining the desirable size of stocks and designing rules for their predictable use is an elusive task, however. A key conceptual difficulty arises in the distinction between commercial and strategic stocks, because a physical shortfall in the oil supply will inevitably lead to an increase in prices. But if strategic stocks are utilised when prices increase they become indistinguishable from commercial stocks. This paper reviews the legislation in force in the US and the EU on the use of strategic oil stocks as well as the emergency response systems of the International Energy Agency. It finds that such measures have been activated rarely and in dubious circumstances. Alternative approaches are proposed consisting of encouraging companies and major consumers to hold larger stocks and seeking a cooperative agreement with oil-producing countries for mutually beneficial stock management.
Topic:
Security, Energy Policy, Markets, and Oil
Political Geography:
United States and Europe

3. Toward a European Strategy for Iraq

Author:
Giacomo Luciani and Felix Neugart
Publication Date:
03-2003
Content Type:
Working Paper
Institution:
Chatham House
Abstract:
The Iraq crisis has been a disaster for the Common Foreign and Security Policy (CFSP) of the European Union (EU). Member countries are very visibly split in their position towards the war against the regime in Baghdad. EU institutions have been unable to agree on more than the unconditional implementation of the relevant United Nations resolutions leaving the door open for widely diverging interpretations. The challenge of the Iraq crisis does not bode well for the future of a cohesive European Foreign Policy, and the CFSP requires a fresh approach.
Topic:
International Relations, Foreign Policy, and War
Political Geography:
Iraq, Europe, Middle East, Arabia, and United Nations