Assessing of Imbalance among Economic, Environmental and Social Sustainability: Evidence from Oil and Gas Industry in Iraq

Abstract

Sustainability has increased importance, particularly for oil and gas industry (O&GI) to address the imbalance in the economic, environmental and social issues. Consequently, this descriptive study aims to evaluate the imbalance between the economic, environmental and social performance of the O&GI in Iraq and to propose a conceptual model for addressing it. Secondary data of economic sustainability environmental sustainability and social sustainability (2011-2017) was descriptively examined. The findings are revealed a significant imbalance between the three indicators. Moreover, the present study also proposed a conceptual model based on prior literature on how to improve and reduce this imbalance and create sustainability performance within the O&GI.

Impact of technology management in improving sustainability performance for Egyptian petroleum refineries and petrochemical companies

“…MT practices are critical for ensuring the economic, environmental and social sustainability of the oil and gas industry (Olugu et al, 2022). According to Ibrahim et al (2019aIbrahim et al ( , 2019b, effective adoption of sustainable maintenance with sustainable manufacturing practices significantly improved SP of oil and gas companies. Furthermore, Olugu et al (2022) proposed a framework integrating maintenance with sustainability for assuring the sustainable performance of offshore production and drilling platforms.…”

“…The finding implies that petroleum companies in Egypt are primarily more focused on economic and environmental aspects of sustainability than social sustainability, which is explained by the average value of social sustainability, which is 3.50, being lower than the average values of economic and environmental sustainability, which are 3.72 and 3.84, respectively. Ibrahim et al (2019aIbrahim et al ( , 2019b) studied the imbalance between economic, environmental, and social sustainability and pointed out that it is the result of a lack of interest in sustainable manufacturing practices. Moreover, taking care of the social factors and investing in employees' education helps companies achieve their goals.…”

“…As managers support economic sustainability and environmental protection, they are also responsible for adopting social sustainability practices by improving employee Impact of technology management satisfaction, resolving complaints and ensuring the availability of the required resources to support policies and strategies (Ibrahim et al, 2019b;Ronaghi and Mosakhani, 2022).…”

Corporate Social Responsibility And Sustainability: A Perspective From The Oil And Gas Industry

“…• Engineering managers should take proper steps to train specific workforces for preparedness plans for the spills and should evaluate the effectiveness of training on the worker's performance using different methods of assessment like observation, simulation, written assessment, etc. [12,[29][30][31][32].…”

Assessment of New Predicting Biomarkers of Pollution Toxicity in Workers or Individuals Living Close to Oil Refinery Area in Al-Muthanna City, Iraqas Alarm Indicators for Clinical Disorders

“…Iraq is a major oil producer in both Asia and the rest of the globe. Oil is important to the expansion and development of the global economy and serves as an indicator of a nation's economic performance 6 .Chemical substances found in these gases such as benzene, toluene, lead, oxygenates, ethyl benzene, and 3 isomers of xylene 7 . While the main elements that are present in gases are carbon and hydrogen, sulfur, nitrogen, and oxygen usually occur in subordinate quantities and have potential occupational health hazards 8 .…”