Oil industry: Assessment of Kazakhstan’s position in international oil trade

Viktoriya Shaldina

Bakalářská práce

Abstract:

Nowadays, the world is undergoing the first significant energy crisis of the twenty-first century. The tightening of energy markets commenced in 2021, but after Russia's invasion of Ukraine, the situation eventually deteriorated into a full-scale energy catastrophe. The thesis analyses the current state of the global oil market and identifies the factors that contributed to the upsurge in oil prices. Although the energy crunch has major consequences for economies worldwide, Europe is at the epicenter of this crisis. This is due to the fact that Russia is one of the world's top exporters of fossil fuels and has historically been a pivotal supplier to Europe. Since Kazakhstan possesses substantial oil reserves, in the practical part, the author evaluates the country's oil sector in order to consider the Republic of Kazakhstan as an alternative oil supplier to the European Union. As a result, the author determined Kazakhstan's crude oil export potential and detected related issues.

Keywords

Crude oil quality, benchmarks, petroleum industry, OPEC, energy crisis, global oil market, oil prices, oil trade, Kazakhstan oil sector, Europe

Jazyk práce: angličtina

Datum vytvoření / odevzdání či podání práce: 17. 3. 2023

Obhajoba závěrečné práce

• Obhajoba proběhla 17. 5. 2023
• Vedoucí: Ing. Olga Regnerová, Ph.D.
• Oponent: Petra Šánová, Ph.D.

Česká zemědělská univerzita v Praze

Provozně ekonomická fakulta

Bakalářský studijní program:
Business Administration