Journal ISSN: 2302-4593 Vol. 2 (5): 102 - 115 The impact of petroleum on economic growth in Nigeria Michael Baghebo Niger Delta University‚ Bayelsa State‚ Nigeria baghebomichael@yahoo.com Timothy Okule Atima Niger Delta University‚ Bayelsa State‚ Nigeria Abstract The study examines the impact of petroleum on economic growth of the Nigerian economy. Data covering the period 1980-2011 was collected from the Central Bank of Nigeria Statistical Bulletin‚ and transparency international Agency
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PETROLEUM I. HISTORY The petroleum industry includes the global processes of exploration‚ extraction‚ refining‚ transporting (often by oil tankers and pipelines)‚ and marketing petroleum products. Petroleum in an unrefined state has been utilized by humans for over 5000 years. Oil in general has been used since early human history to keep fires ablaze‚ and also for warfare. The largest volume products of the industry are fuel oil and gasoline (petrol). Petroleum is also the raw material for many
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ADEYEMI G.A OMEGA 2013 The petroleum industry has evolved over the years to become a gigantic industry. Personnel in the areas of sciences & applied sciences are required: • Petroleum engineers • Mechanical engineers • Chemical engineers • Electrical engineers • Computer scientists • Physicists • Chemists • Marine biologists & • Geologists engineers • Others There 2 broad classifications of global petroleum industry: • National Oil Companies (NOC)
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PETROLEUM INDUSTRY BILL (PIB) 2012 SUMMARY PETROLEUM INDUSTRY BILL In 2008 under the late President Umaru Yar’Adua‚ Nigeria began the arduous process of changing the institutional framework which governs the nation’s oil and gas industry. The delayed passage of the bill was followed by controversies surrounding the emergence of different versions of the document‚ Goodluck Jonathan‚ on assumption of office ordered a withdrawal of the bill to enable executive address contentious areas and ensure all
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downstream sector encompasses the refining‚ storage‚ distribution and marketing of petroleum products: • Refining Process: Crude oil is processed and refined into more useful products; • Storage: The products from the refining process are stored at depots via pipeline‚ land (trucks & rail) and sea (barge/vessel). These storage facilities are also called tank farms or terminals • Distribution and Marketing: Petroleum products are distributed from storage locations to the end-user directly or through
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and gas industry or the petroleum industry is one of the most talked about industries today. Petroleum is used by many people all around the world and has become an important part of everyone’s routine. The industry also plays a significant role in the global economy. As most people know‚ Indonesia has a long and successful history in oil and gas production. Indonesian oil production is second only to China in the Asia Pacific region while the gas production is second to none. The industry also makes
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Topic-The Indian Petroleum Industry International Business & Trade Operations Management Module BM6913 Module Leader-Enda Murphy Paul Taffee Submitted by-Charles Daniel-17387781 Abhishek Pathy-1716093 Sarthak Das-1749108 Introduction to the Petroleum Industry. The petroleum industry includes the processes of refining‚ extraction‚ refining‚ transporting (often by the oil tankers and pipelines)‚ and marketing them. The larges t volume products of the industry are petrol and
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CENTRE FOR ENERGY‚ PETROLEUM‚ AND MINERAL LAW AND POLICY STATEMENT OF ORIGINALITY ID STUDENT: 090018034 PROGRAMME: MSc in International Oil and Gas Management MODULE: CP52044 Strategic Management and Organisational Analysis TITLE OF RESEARCH PAPER: THE PETROLEUM PRODUCTS MARKETING INDUSTRY
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Petroleum is an oily‚ thick flammable liquid‚ a mixture of various solid‚ liquid and gaseous hydrocarbons. Hydrocarbons are molecules that comprise of Hydrogen and Carbon. Petroleum is the general term for "unprocessed" crude oil. It is present beneath the Earth’s surface (Lithosphere) and forms when trapped‚ decomposed dead organisms buried in the sedimentary rock‚ and are heated under the immense pressure of new sedimentary layers over time (fossil fuel). The heat and pressure distilled the organic
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2006‚ 90 – 97. Supply Chain Management in the Petroleum Industry: Challenges and Opportunities RAED HUSSAIN Department of Quantitative Methods & Information Systems‚ Kuwait University‚ Kuwait TIRAVAT ASSAVAPOKEE Department of Industrial Engineering‚ University of Houston‚ Texas‚ U.S.A. BASHEER KHUMAWALA Department of Decision and Information Sciences‚ University of Houston‚ Texas‚ U.S.A. Supply chain management in the petroleum industry contains various challenges‚ specifically in the
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