Conceptual Foundations of Strengthening the Fuel Security of the National Economy

• Main Authors: Kyzym Mykola O., Salashenko Tetiana I., Khaustova Viktoriia Ye., Lelyuk Oleksіy V.
• Format: Article
• Language: English
• Published: PH "INZHEK" 2017-03-01
• Series: Problemi Ekonomiki
• Subjects: fuel security; motor fuel; oil refining; energy independence; energy efficiency; energy saving
• Online Access: http://www.problecon.com/export_pdf/problems-of-economy-2017-1_0-pages-79_88.pdf

The aim of the article is to substantiate conceptual foundations for strengthening the fuel security of Ukraine under conditions of achieving energy independence from import of finished petroleum products, ensuring energy efficiency of the transformation of primary fuel and energy resources into motor fuel and its energy saving in the transport sector. The key problems in the sphere of liquid fuel use in Ukraine are non-competitiveness of the national oil refining complex, import orientation of the Ukrainian motor fuel consumer, scarcity of the explored reserves of liquid hydrocarbons on the territory of Ukraine, monopolization of transport routes for external deliveries of crude oil. The development of Ukraine’s fuel sector should be implemented on the basis of the national model of fuel security, which provides for balancing the motor fuel market, ensuring sustainable development of the fuel sector and satisfying interests of market actors. The strategic goals of fuel security are defined as energy independence, energy efficiency and energy saving. In the article they were decomposed at the operational level, and the following necessary components were identified: maximization of the national oil production; diversification of external oil supplies with complete abandonment of imports of finished petroleum products, increase in the yield of light oil products; replacement of oil with the national energy potential, saving of motor fuel at the stage of its consumption.