Technology Transfer in Oil Industry, Significance and Challenges

The oil industry is one of the biggest and most effective industries in the world and it has a more important role in the energy market in the future. The impact of this industry in terms of economy, policy and development of oil-producing countries is considerable and distinguished by two aspects. One is the role of oil-related technologies in developing of the country and increasing revenue, and second is the risk of no oil future for oil-producing countries. Despite the fact these countries depend on oil production, there is a big gap between them and oil corporations from a revenue point of view. This is mainly because of oil technology that has not been developed in oil-producing countries. In the world the business of big oil corporations is based on engineering capability and strong technical infrastructure. The main part of the income of those corporations is due to their industrial capabilities, but oil-producing countries gain income from selling crude oil while getting their industrial needs, especially in the field of engineering, planning and equipment, from big oil corporations and foreign technology suppliers. The promotion of technology transfer to developing countries has been a recurrent issue on the international economic agenda of the past three decades.This article studies the importance of technology transfer in the oil industry and procedures and obstacles to decrease the technological and revenue gap between oil-producing countries and technology creator countries. The article was based on actual case studies of successful technology transfer events and a simple model of the technology transfer.The authors hope this article may stimulate others to consider how to utilize technology more effectively to enhance competitiveness of developing countries in the changing global economy.

• Record URL:
  https://doi.org/10.1016/j.sbspro.2013.04.030
• Record URL:
  http://www.sciencedirect.com/science/article/pii/S1877042813005661
• Availability:
  • Find a library where document is available. Order URL: http://worldcat.org/issn/18770428
• Supplemental Notes:
  • Abstract reprinted with permission from Elsevier.
• Authors:
  • Asghari, Mahdi
  • Rakhshanikia, Mohammad Ali
• Conference:
  • Second International Conference on Leadership, Technology and Innovation Management (2012)
  • Location: Istanbul , Turkey
  • Date: 2012-10-11 to 2012-10-13
• Publication Date: 2013-4-3

Language

• English

Media Info

• Media Type: Digital/other
• Features: Figures; References;
• Pagination: pp 264-271
• Serial:
  • Procedia - Social and Behavioral Sciences
  • Volume: 75
  • Issue Number: 0
  • Publisher: Elsevier
  • ISSN: 1877-0428
  • Serial URL: http://www.sciencedirect.com/science/journal/18770428/53
• Publication flags:

  Open Access (libre)

Subject/Index Terms

• TRT Terms: Case studies; Developing countries; Economic factors; Globalization; Offshore oil industry; Revenues; Technology transfer
• Subject Areas: Economics; Energy; Transportation (General); I10: Economics and Administration;

Filing Info

• Accession Number: 01491720
• Record Type: Publication
• Files: TRIS
• Created Date: Sep 3 2013 12:28PM