Measurement and Analysis of the demand function of some oil derivatives in Iraq for the period (2000-2017)

Abstract

Demand for petroleum products occupies a major position in the framework of today's activities. The fuel (Petrol fuel, gas oil, white oil "kerosene" and liquid gas) are the most important oil derivatives, and the demand is rising annually at the local, regional and global levels. This study aims to measure and analyze the demand for some oil derivatives in Iraq for the period (2000-2017). The study started from the hypothesis that the increase in domestic demand for basic oil derivatives in Iraq is influenced by many factors accompanied by the inability of the productive capacity of oil installations to cope with, and therefore resort to the import of these derivatives from the outside world. Gas, white oil and liquid gas as dependent variables, considering (per capita average, the prices of each product, the number of gasoline-powered cars, the number of gas-powered cars, the total electric power consumption) as independent variables for each approved variable Its own. After quantitative and standard analysis of the above indicators using modern standard methods according to the program (Eviwes10) the study reached several conclusions, the most important of which is that the demand for oil derivatives in Iraq witnessed a noticeable increase during the study period and increased the volume of imports for those derivatives. This is due to many reasons, including the increasing population and the number of cars, and the low production capacity of Iraqi refineries due to the instability of the security situation and the destruction and theft of some of them, and other reasons. The study concluded with several recommendations, including: The need to work on the establishment of new oil refineries to refine crude oil, in addition to providing maintenance for existing refineries. The importance of activating the role of the private sector and work to create a suitable investment environment for the purpose of attracting foreign investment and its contribution to the establishment of oil refineries for the purpose of exporting oil derivatives. In addition to Crude Oil.