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Role of Government Economic Regulations on Petroleum Supply Chain Management

Received: 9 December 2016     Accepted: 3 January 2017     Published: 9 February 2017
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Abstract

The study sought to assess the role of government economic regulations on petroleum supply chain management by surveying oil marketing companies in Kenya. The researchers used mixed research design. A field survey was carried out while purposive sampling was used to select 180 respondents from thirsty six (36) oil marketing companies located in Nairobi city involved in importation and marketing of oil products in Kenya. Primary data was collected through a questionnaire. Data was quantitatively analyzed using statistical package for social scientists (SPSS) for descriptive statistics and inferential while Analysis of Moment Structure Software (AMOS) was used for structural equation modeling. The study findings indicate that there was a positive relationship (regression weight = 0.47) between government economic regulations and Petroleum Supply Chain Management. The researchers therefore recommend implementation of government economic regulations by OMCs and ERC to be proactive to ensure fully compliance. There is also need for participation of all stakeholders in the development of policies that will ensure sustainable petroleum supply chain management. It is expected that the study will be of great importance to the management of oil marketing companies, policy makers, suppliers, consumers and the government. These are major stakeholders in the petroleum downstream sector.

Published in Journal of Business and Economic Development (Volume 2, Issue 2)
DOI 10.11648/j.jbed.20170202.19
Page(s) 131-139
Creative Commons

This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.

Copyright

Copyright © The Author(s), 2017. Published by Science Publishing Group

Keywords

Economic Regulations, Petroleum Supply Chain Management, Oligopolistic Market

References
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[4] Anyadike Nkechi (2013). Assessment of the implication of full scale deregulation of the downstream oil sector on the Nigerian economy: The Neoliberalism Approach. ECRTD -UK. Global Journal of Political Science and Administration.
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[6] Chan FTS & Qi HJ (2003). An innovative performance measurement method for supply chain management. Supply Chain Management: An International Journal.
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[9] Gardner Pinfold (2008). A review of gasoline regulation in Nova Scotia. Brenton Street, Geoforum.
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[11] GoK (2015). National Energy and Petroleum Policy, Ministry of Energy and Petroleum. Government Printer, Nairobi.
[12] Green R. L.; A. Perez and Y. Pollit (2006). Benchmarking Electricity Liberalization in Europe. Electricity Policy Research Group Working Papers No. 06/09. University of Cambridge.
[13] Gruenspecht (2011). International Energy outlook, 2011. Centre for Strategic and International Studies, Washington DC.
[14] Katisya-Njoroge, P. (2010). Oil and gas: The challenge of protectionism in Kenya. Petroleum Institute of East Africa, Nairobi.
[15] Kimani, C. W. (2013). Supply Chain Management Challenges in Kenya Petroleum Industry: Case of National Oil Corporation of Kenya. International Journal of Social Sciences and Entrepreneurship.
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  • APA Style

    Jackson Ndolo Muthini, Namusonge G. S., Wario Guyo, Noor Ismail Shale. (2017). Role of Government Economic Regulations on Petroleum Supply Chain Management. Journal of Business and Economic Development, 2(2), 131-139. https://doi.org/10.11648/j.jbed.20170202.19

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    ACS Style

    Jackson Ndolo Muthini; Namusonge G. S.; Wario Guyo; Noor Ismail Shale. Role of Government Economic Regulations on Petroleum Supply Chain Management. J. Bus. Econ. Dev. 2017, 2(2), 131-139. doi: 10.11648/j.jbed.20170202.19

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    AMA Style

    Jackson Ndolo Muthini, Namusonge G. S., Wario Guyo, Noor Ismail Shale. Role of Government Economic Regulations on Petroleum Supply Chain Management. J Bus Econ Dev. 2017;2(2):131-139. doi: 10.11648/j.jbed.20170202.19

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  • @article{10.11648/j.jbed.20170202.19,
      author = {Jackson Ndolo Muthini and Namusonge G. S. and Wario Guyo and Noor Ismail Shale},
      title = {Role of Government Economic Regulations on Petroleum Supply Chain Management},
      journal = {Journal of Business and Economic Development},
      volume = {2},
      number = {2},
      pages = {131-139},
      doi = {10.11648/j.jbed.20170202.19},
      url = {https://doi.org/10.11648/j.jbed.20170202.19},
      eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.jbed.20170202.19},
      abstract = {The study sought to assess the role of government economic regulations on petroleum supply chain management by surveying oil marketing companies in Kenya. The researchers used mixed research design. A field survey was carried out while purposive sampling was used to select 180 respondents from thirsty six (36) oil marketing companies located in Nairobi city involved in importation and marketing of oil products in Kenya. Primary data was collected through a questionnaire. Data was quantitatively analyzed using statistical package for social scientists (SPSS) for descriptive statistics and inferential while Analysis of Moment Structure Software (AMOS) was used for structural equation modeling. The study findings indicate that there was a positive relationship (regression weight = 0.47) between government economic regulations and Petroleum Supply Chain Management. The researchers therefore recommend implementation of government economic regulations by OMCs and ERC to be proactive to ensure fully compliance. There is also need for participation of all stakeholders in the development of policies that will ensure sustainable petroleum supply chain management. It is expected that the study will be of great importance to the management of oil marketing companies, policy makers, suppliers, consumers and the government. These are major stakeholders in the petroleum downstream sector.},
     year = {2017}
    }
    

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  • TY  - JOUR
    T1  - Role of Government Economic Regulations on Petroleum Supply Chain Management
    AU  - Jackson Ndolo Muthini
    AU  - Namusonge G. S.
    AU  - Wario Guyo
    AU  - Noor Ismail Shale
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    PY  - 2017
    N1  - https://doi.org/10.11648/j.jbed.20170202.19
    DO  - 10.11648/j.jbed.20170202.19
    T2  - Journal of Business and Economic Development
    JF  - Journal of Business and Economic Development
    JO  - Journal of Business and Economic Development
    SP  - 131
    EP  - 139
    PB  - Science Publishing Group
    SN  - 2637-3874
    UR  - https://doi.org/10.11648/j.jbed.20170202.19
    AB  - The study sought to assess the role of government economic regulations on petroleum supply chain management by surveying oil marketing companies in Kenya. The researchers used mixed research design. A field survey was carried out while purposive sampling was used to select 180 respondents from thirsty six (36) oil marketing companies located in Nairobi city involved in importation and marketing of oil products in Kenya. Primary data was collected through a questionnaire. Data was quantitatively analyzed using statistical package for social scientists (SPSS) for descriptive statistics and inferential while Analysis of Moment Structure Software (AMOS) was used for structural equation modeling. The study findings indicate that there was a positive relationship (regression weight = 0.47) between government economic regulations and Petroleum Supply Chain Management. The researchers therefore recommend implementation of government economic regulations by OMCs and ERC to be proactive to ensure fully compliance. There is also need for participation of all stakeholders in the development of policies that will ensure sustainable petroleum supply chain management. It is expected that the study will be of great importance to the management of oil marketing companies, policy makers, suppliers, consumers and the government. These are major stakeholders in the petroleum downstream sector.
    VL  - 2
    IS  - 2
    ER  - 

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Author Information
  • Supply Chain Management Candidate, Jomo Kenyatta University of Agriculture and Technology, Juja, Kenya

  • Jomo Kenyatta University of Agriculture and Technology, Juja, Kenya

  • Jomo Kenyatta University of Agriculture and Technology, Juja, Kenya

  • Jomo Kenyatta University of Agriculture and Technology, Juja, Kenya

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