THE REGULATION OF COMMERCIAL PETROLEUM PIPELINE OPERATIONS: A SOUTH AFRICAN EXAMPLE

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W J Pienaar

DOI:10.22495/cocv7i3c1p3

Abstract

This paper provides an overview of a study of economic regulatory aspects of commercial petroleum pipeline operations. It addresses (1) the market structure, ownership patterns, and relative efficiency of petroleum pipeline transport; (2) pipeline operating costs; (3) proposed pricing principles. The research approach and methodology combine (1) a literature survey; (2) analysis of the cost structures of large commercial petroleum pipeline operators; and (3) interviews conducted with specialists in the petroleum refining and pipeline industries. The potential value of the research lies mainly in the developed guidelines for the economic regulation of market entry and pricing of the carriage of petroleum commodities by pipeline.

Keywords: Regulation, Market Entry, Petroleum, Pipeline

How to cite this paper: Pienaar, W. J. (2010). The regulation of commercial petroleum pipeline operations: a South African example. Corporate Ownership & Control, 7(3-1), 188-192. http://doi.org/10.22495/cocv7i3c1p3