RISKS AND HAZARDOUS EFFECTS OF INEFFICIENT REVERSE LOGISTICS IN OIL INDUSTRY AND THE IMPORTANCE OF WASTE MANAGEMENT PLANNING
RISKS AND HAZARDOUS EFFECTS OF INEFFICIENT REVERSE LOGISTICS IN OIL INDUSTRY AND THE IMPORTANCE OF WASTE MANAGEMENT PLANNING

Summary/Abstract: Oil sector is one of the biggest waste generator industries due to the huge amount of different kinds of wastes occurred while exploration and production processes. Considering the harmful effect of hazardous wastes, it is important to manage them in the most efficient way to save environment and decrease its negative impact. Adopting reverse logistics to manage wastes in oil industry can help companies to implement legislations about protecting nature, create corporate image, give economic benefits and sustainable competitiveness in the market. Nevertheless, there is still a disbelief about potential benefits of reverse logistics rising from uncertainty about it. There is a gap in the literature about adopting reverse logistics to efficiently manage the oily wastes in order to decrease the harmful risk and effect and boost the business of companies. This article describes types of wastes generated in oil industry, highlight main risks and important aspects of waste management planning and reverse logistics. A survey of scientific publications was conducted in the paper to deepen the knowledge in the topic, become familiar with the phenomenon, illustrate it and suggest possible solutions which will be useful for researchers and practitioners and will create a chance to conduct further research.

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