Supply chain resilience strategies for oil industry under uncertainty:Case study on the Egyptian refining industry

نوع المستند : المقالة الأصلية

المؤلف

Supervised by:Prof Dr.Khaled El Sakty

المستخلص

The state of the world economy is mostly determined by the supply and demand of crude oil and petroleum products. Currently, the petroleum industry is confronted with the demanding objective of maintaining competitiveness in the global market, which is influenced by the unpredictable demand for petroleum products and the volatile pricing of crude oil. These circumstances compel petroleum firms to seize every possibility that enhances their profit margin. Egyptian refineries, which are the central focus of the oil industry, face risks and uncertainties due to the national and international oil market environment, as well as various supply chain factors. These factors directly and indirectly affect the feed and products of the refineries, ultimately impacting their performance and profits. Firms can use numerous supply chain resilience methods to mitigate the growing risks posed by global economic, social, political, technical, and environmental catastrophes that have the potential to disrupt their fundamental business operations. Adverse events like as natural disasters, epidemics, pandemics, terrorist attacks, strikes, financial crises, unreliable systems, logistics, supply chain breakdowns, and unexpected shortages of vital manufacturing inputs can have a significant negative influence on growth and performance. Examining both current and previously published literature, this study seeks to better understand the supply chain resilience methods used by oil refineries worldwide. In order to evaluate supply chain resilience measures in the face of uncertainty and to examine the most effective strategies employed by oil refineries, with a particular emphasis on those in Egypt, In order to help refineries and other oil sector businesses develop a supply chain resilience strategy (SCRES), it is necessary to first determine what obstacles they face.
 

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