Trends towards globalization in Eastern Europe
Tóth, J.
Trends towards globalization in Eastern Europe - 8 p. - Tóth, J. .
Resumen del autor, extraído del trabajo. The reshaping of East European economies shows considerable differentiation at present stage of transition. Consequently, the region’s petroleum industries have been restructured and privatized differently, in dissimilar competition environments. The paper will briefly review the outcomes of the changes. The countries of the region, with the exception of Russia, are net oil importers; they endeavor to establish partnerships focusing on downstream. The option will be discussed: the companies are likely to be owned by strategic investors or they try to ensure their growth by creating regional partnerships. The entities of newly emerged states face big challenges finding the appropriate strategy. Examples of the industry’s endeavors will be provided like the joint operation of the Druzhba-Adria pipeline system that makes the export of Russian oil possible to the Mediterranean. The paper will consider the impacts of the possible EU membership on the region’s refining industry necessitating the compliance with the strict environmental requirements. It will be stressed that globalization can primarily be achieved through regional partnerships or alliances enabling simultaneously to meet the necessary growth criteria. The paper will assess short and longer term prospects for the first decade of the new millenium. = WPC (16th.)
CD W938 1 0013960
Trends towards globalization in Eastern Europe - 8 p. - Tóth, J. .
Resumen del autor, extraído del trabajo. The reshaping of East European economies shows considerable differentiation at present stage of transition. Consequently, the region’s petroleum industries have been restructured and privatized differently, in dissimilar competition environments. The paper will briefly review the outcomes of the changes. The countries of the region, with the exception of Russia, are net oil importers; they endeavor to establish partnerships focusing on downstream. The option will be discussed: the companies are likely to be owned by strategic investors or they try to ensure their growth by creating regional partnerships. The entities of newly emerged states face big challenges finding the appropriate strategy. Examples of the industry’s endeavors will be provided like the joint operation of the Druzhba-Adria pipeline system that makes the export of Russian oil possible to the Mediterranean. The paper will consider the impacts of the possible EU membership on the region’s refining industry necessitating the compliance with the strict environmental requirements. It will be stressed that globalization can primarily be achieved through regional partnerships or alliances enabling simultaneously to meet the necessary growth criteria. The paper will assess short and longer term prospects for the first decade of the new millenium. = WPC (16th.)
CD W938 1 0013960
