ANALYSIS, EVALUATION STRUCTURE AND SIMULATION OF OIL CONSUMPTION IN JAPAN FROM THE POSITION OF INTERESTS OF RUSSIA

Abstract

Russia to strengthen the economic position in the world arena is necessary to increase its presence in the Asia-Pacific region. To further assess the prospects for Russian oil exports to the east it is advisable to determine the main factors which determine the demand for oil in major Asian oil consumers. In this paper analyzes the oil consumption in Japan - both in the country which is one of the leading in the region on oil imports and the level of GDP. In this paper performed analytical review of the oil market, as well as identified and analyzed using econometric methods main factors which determine the demand for oil in this country. Concluded that Japan's economy is dependent on oil imports due to increased electricity production, as well as with the growth of national transport needs for energy. This state can be regarded as a stable strategic partner of Russia in the oil market. But the significant growth in oil consumption in Japan in the next decade is not expected.Purchase on Elibrary.ru > Buy now

Keywords

• oil
• oil consumption
• Japan
• the factors affecting the consumption of oil
• econometric analysis