Strategic Aspects of Strengthening the Energy Security of Ukraine in the Oil Refining Sphere: Interactive Modernization of Industry

Journal Title: Бізнес Інформ - Year 2014, Vol 12, Issue 0

Abstract

The article considers strategic directions of strengthening the energy security of Ukraine at the motor fuel market. As the most viable option, the interactive strategy of modernization has been chosen, which will draw on the other countries' successful experience of development of the motor fuel market. As counterpart object to conduct an interactive upgrade, the motor fuel market in Poland was chosen. Despite the similarity of the initial situations for building-up resource cycles of motor fuel in Ukraine and Poland, the Polish industry is actively developing, providing decent competition towards Western enterprises, whereas the Ukrainian industry is in decline, presenting a serious threat to national energy security. Therefore it is advisable to adopt and adapt the experience of Poland to reform the motor fuel market. In the article the energy security principles in the oil refining sphere have been highlighted, which include: adaptability to the global trends in the development of energy system; market pricing of oil products; energetic self-sufficiency; scientific validity; benefits of market regulation over administrative methods; popularizing of environmental awareness; stimulation of increasing the energy efficiency in use of motor fuel; sustainability of development; structural harmonization of energy potential; production and consumption of motor fuels. Priorities for strengthening energy security in the sphere of oil refining are connected with reducing the dependence on imports of oil and oil products; with diversification of supplies through liberalization of trade, as well as with ensuring the competitiveness of domestic enterprises by introducing new standards for the quality of motor fuels.

Authors and Affiliations

Galina Fedenko

Keywords

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  • EP ID EP137521
  • DOI -
  • Views 67
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How To Cite

Galina Fedenko (2014). Strategic Aspects of Strengthening the Energy Security of Ukraine in the Oil Refining Sphere: Interactive Modernization of Industry. Бізнес Інформ, 12(0), 276-282. https://europub.co.uk/articles/-A-137521