Peculiarities of The Armenian Petroleum Products Market at The Present Stage
https://doi.org/10.48137/26870703_2022_19_3_121
Abstract
A review of the Armenian oil products market at the present stage is carried out. The structure and main indicators of the market are presented. The dynamics of imports of gasoline and diesel fuel to Armenia is considered. The dynamics of the increase in the number of players in the Armenian oil products market for 2017–2021 is shown. The share of individual companies in the market was determined. The geography of import of oil products to Armenia is studied. The share of Russian, Iranian, Bulgarian, Turkmen and other oil products in the domestic market is determined. Attempts to diversify the market are studied. In particular, the issues of entering the Armenian market of Petrocas in the context of implementing the strategy of the state corporation Rosneft are considered. Special attention is paid to the possibility of entry into the Armenian market of the British-Dutch company Shell. In this regard, an assessment is made of the discourse that has spread in Armenia about the possibility of Azerbaijani oil products entering the Armenian market through these companies. The prospects for the implementation of the agreement between Armenia and Kazakhstan on cooperation in the field of supply of petroleum products are considered. The issues of pricing policy in the oil products market of Armenia are studied, a comparison is made with prices in the countries of the post-Soviet space.
About the Authors
A. A. Markarov
YSU; Armenian branch of the Institute of CIS Countries
Armenia
Armenia
Alexander A. Markarov - PhD (Politics), Professor at YSU, Director of the Armenian branch of the Institute of CIS Countries
1, Alek Manukyan str., Yerevan, 0025
V. S. Davtyan
Russian-Armenian University; Institute for Energy Security
Armenia
Armenia
Vahe S. Davtyan - PhD (Politics), Professor at Russian-Armenian University, President at the Institute for Energy Security.
Address: 123, Hovsep Emin str., Yerevan, 0051
References
1. Resolution of the Government of the Russian Federation No. 391 of April 25, 2015 // http://static.government.ru/media/files/oshKxdBCFnp0iKETS2vq53PaU8l4o69T.pdf, accessed 27.07.2022. (In Russ.)
2. Agreement between the Government of the Republic of Kazakhstan and the Government of the Republic of Armenia on trade and economic cooperation in the supply of petroleum products to the Republic of Armenia (Nur-Sultan, July 16, 2020) // https://online.zakon.kz/Document/?doc_id=35205886, accessed 28.07.2022. (In Russ.)
3. Rosneft Annual Report for 2015 // https://fs.moex.com/content/annualreports/1952/1/rosneft-russ.pdf, accessed 27.07.2022. (In Russ.)
4. Yergin D., 2021. In Search of Energy: Resource Wars, new technologies and the future of Energy. Moscow: Alpina Publisher, 2021. P. 109. (In Russ.)
5. Davtyan V., Margaryan N., 2022. Transport communications of the South Caucasus after the war in Nagorno-Karabakh // Russia and the new States of Eurasia. No. I (LIV). P. 130. DOI: 10.20542/2073-4786-2022-1-123-135. (In Russ.)
6. Markarov A., Davtyan V., 2021. Development of renewable energy in Armenia: challenges of diversification // Geoeconomics of Energetics. No. 3 (15). Pp. 116–129. DOI: 10.48137/2687-0703_2021_15_3_116. (In Russ.)
7. Avanesov A., 2016. The Board of Directors of Rosneft approved the deal on the supply of petroleum products to Armenia // https://finport.am/full_news.php?id=26417&lang =, accessed 27.07.2022. (In Russ.)
8. Badalyan N., 2022. Kazakhstan has ratified the agreement on the supply of petroleum products to Armenia // https://finport.am/full_news.php?id=46210&lang=2, accessed 28.07.2022. (In Russ.)
9. Gukasyan S., 2022.
10. There is no Azerbaijani gasoline in Armenia – G. Gevorgyan // https://hetq.am/ru/article/141721, accessed 28.07.2022. (In Russ.)
11. Yergnyan S., 2021. New players have appeared on the fuel market, but the major suppliers are the same // https://hetq.am/hy/article/133375, accessed 26.07.2022. (In Russ.)
12. Mkrtchyan M., 2020. Business entities occupying a dominant position in the gasoline market continue to maintain their share // http://www.foi.am/hy/articles/item/1872 /, accessed 26.07.2022. (In Russ.)
13. Safaryan A., 2021. The end of a monopoly or the beginning of a new one? Experts appreciated the entry of Pashinyan’s favorite into the gasoline market // https://ru.armeniasputnik.am/20210219/Konets-monopolii-ili-nachalo-novoy-Ekspertyotsenili-vkhod-favorita-Pashinyana-na-rynok-benzina-26513460.html, accessed 26.07.2022. (In Russ.)
14. Gasoline in Armenia in June 2022 for the year rose by 13.3%, and diesel fuel – by 45.4% // http://arka.am/ru/news/economy/benzin_v_armenii_v_iyune_-2022_goda_za_-god_podorozhal_na_13_3_a_diztoplivo_na_45_4/, accessed 28.07.2022. (In Russ.) The results of the research of the SCPEC RA on the gasoline and diesel fuel markets, 2019 // http://competition.am/wp-content/uploads/2022/03/Petrol_Diesel_Commodity_Markets.pdf, accessed 26.07.2022. (In Russ.)
15. Shell gas station network to open in Armenia // https://rusarminfo.ru/2022/05/12/v-armenii-otkroetsya-set-zapravok-kompanii-shell /, accessed 28.07.2022. (In Russ.)
16. Does Socar, owned by the Aliyev clan, enter the Armenian market? // http://nv.am/vyhodit-li-prinadlezhashhaya-klanu-alievyh-kompaniya-socar-na-armyanskij-rynok /, accessed 27.07.2022. (In Russ.)
17. Gasoline index 2021: where is the most favorable ratio of fuel prices to average wages? // https://www.picodi.com/ru/mozhno-deshevle/indeks-benzina-2021, accessed 28.07.2022. (In Russ.)
18. Consumer price index in the Republic of Armenia for January – June 2022 // https://www.armstat.am/file/article/cpi_06_2022-arm.pdf, accessed 28.07.2022. (In Russ.)
19. Kazakhstan has imposed restrictions on the export of petroleum products until midJanuary 2023. // https://www.interfax.ru/world/850455, accessed 28.07.2022. (In Russ.)
20. Kazakhstan has ratified the agreement on the supply of petroleum products to Armenia // https://finport.am/full_news.php?id=46210&lang=2, accessed 28.07.2022. (In Russ.)
21. The end of a monopoly or the beginning of a new one? Experts appreciated the entry of Pashinyan’s favorite into the gasoline market // https://ru.armeniasputnik.am/20210219/Konets-monopolii-ili-nachalo-novoy-Eksperty-otsenili-vkhod-favoritaPashinyana-na-rynok-benzina-26513460.html, accessed 26.07.2022. (In Russ.)
22. There are high risks of cartel collusion in the fuel market in Armenia – economist // https://ru.armeniasputnik.am/20210717/Na-rynke-topliva-v-Armenii-est-vysokieriski-kartelnogo-sgovora--ekonomist-28309889.html, accessed 26.07.2022. (In Russ.)
23. There are high risks of cartel collusion in the fuel market in Armenia – economist // https://ru.armeniasputnik.am/20210717/Na-rynke-topliva-v-Armenii-est-vysokieriski-kartelnogo-sgovora--ekonomist-28309889.html, accessed 26.07.2022. (In Russ.)
24. SOCAR has opened a gas station on the Goris – Kapan highway // https://rusarminfo.ru/2021/11/26/na-trasse-goris-kapan-socar-otkryl-zapravku /, accessed 27.07.2022. (In Russ.)
25. New gas stations in Armenia – should we wait for the redistribution of the market, and what does SOCAR have to do with it? // https://ru.armeniasputnik.am/20210929/novye-azs-v-armenii---zhdat-li-peredela-rynka-i-pri-chem-zdes-socar-33762381.html, accessed 27.07.2022. (In Russ.)
26. Why does Azerbaijan not refine its oil? // https://az.sputniknews.ru/20210806/Pochemu-dobyvaya-neft-Azerbaydzhan-poka-ne-pererabatyvaet-ee-dolzhnymobrazom-427629808.html, accessed 27.07.2022. (In Russ.)
27. The Board of Directors of Rosneft approved the deal on the supply of petroleum products to Armenia //https://finport.am/full_news.php?id=26417&lang, accessed 27.07.2022. (In Russ.)
28. Rosneft acquired the Petrol Market gas station network in Armenia for $40 million. // https://tass.ru/tek/2469655?utm_source=google.com&utm_medium=organic&utm_campaign=google.com&utm_referrer=google.com, accessed 27.07.2022. (In Russ.)
29. 200 richest businessmen of Russia. Forbes rating // https://www.forbes.ru/rating/426935-200-bogateyshih-biznesmenov-rossii-2021-reyting-forbes, accessed 27.07.2022. (In Russ.)
Review
For citations:
Markarov A.A., Davtyan V.S. Peculiarities of The Armenian Petroleum Products Market at The Present Stage. Geoeconomics of Energetics. 2022;(3):121-136. (In Russ.) https://doi.org/10.48137/26870703_2022_19_3_121
Views:
66
Email this article 