Oil Refinery in India An Industry Overview   Table of Contents INTRODUCTION 2 GLOBAL VIEW ON REFINING 3 INDUSTRY OVERVIEW 4 REGULATORY FRAMEWORK 8 INDUSTRY ANALYSIS 9 FUTURE OUTLOOK 11 REFERENCES 12 "THE ONCE RELIABLE CONSTANTS HAVE BECOME GALLOPING VARIABLES" -ALVIN TOFFLER India the world’s seventh largest country and the second most populace nation has been a destination of unrealized potential. In the recent past it has seen as stir of economic activity changing the prim face of the
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Architecture of the oil tanker From Wikipedia‚ the free encyclopedia Oil tankers generally have from 8 to 12 tanks.[1] Each tank is split into two or three independent compartments by fore-and-aft bulkheads.[1] The tanks are numbered with tank one being the forwardmost. Individual compartments are referred to by the tank number and the athwartships position‚ such as "one port"‚ "three starboard"‚ or "six center."[1] A cofferdam is a small space left open between two bulkheads‚ to give protection
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safer way of deep ocean oil drilling. He has ordered the immediate inspection of all deep water operations in the Gulf of Mexico‚ enforced that no permits will be allowed for drilling new wells without completing the 30-day safety and environmental review‚ and finally a new examination of the safety and environment procedures for oil and gas exploration and development (Daily Compilation). With this preventative measure‚ Obama hopes to succeed in never allowing another oil catastrophe like this occur
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Why does oil prices rise and fall? Of all industries in the world‚ oil industry is indeed an international business which affects most countries in the world. As the oil is the most consumed energy‚ it plays a vital role in daily lives as well as economy and social development. Also‚ the oil industry leads to new technology development both directly and indirectly. It has been deployed as a means for economy and political negotiation. Nevertheless‚ “crude oil” when refined into various petroleum
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INTRODUCTION Oil and Gas refers to the naturally occurring liquid and natural gas specifically made up of long chain hydrocarbons and various organic compounds found beneath the surface of the earth in entrapments called reservoirs; the presence of oil and gas in these reservoirs is the reason humans survive everyday and carry out their daily activities effectively. Different activities are usually carried out to ensure that the oil and gas present in the reservoirs continue to support humans
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The 1973 Oil Crisis By Sarah Horton In October of 1973 Middle-eastern OPEC nations stopped exports to the US and other western nations. They meant to punish the western nations that supported Israel‚ their foe‚ in the Yom Kippur War‚ but they also realized the strong influence that they had on the world through oil. One of the many results of the embargo was higher oil prices all throughout the western world‚ particularly in America. The embargo forced
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Alberta Oil Sands Did you know Canada’s energy mostly comes from Alberta’s oil sands? It has been estimated that between 1.7 trillion and 2.5 trillion barrels of oil come from Alberta. The province’s oil resource plays an important role for the world’s oil supply. It has enough oil to keep Canada supplied for the next 400 years! The oil sands were formed in a pretty complex way.The oil was formed in source rocks‚ then continued pressure from overlying rock forced the oil through permeable rock
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Oil and oiling a process of acquiring undue advantage There are many kinds of oil are available in the market. Such as mastered oil‚ black seed oil‚ soybean oil‚ vegetable oil‚ coconut oil‚ olive oil etc. But the oil I will try to explain here is some thing different. This oil is not visible and can not be purchased against money. This oil is used or applied by different kinds of people in different way in the society for their own benefit. It is called
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Oil has been a vital part of everyday life for decades. It is our main source of fuel in automobiles and other machinery. Oil has its benefits‚ but people seem to ignore the process of acquiring oil. Oil drilling is a dangerous and risky process. It runs the risk of contaminating the surrounding water and harming the organisms that live in it. The process also emits large amounts of carbon dioxide into the atmosphere. The Deepwater Horizon Oil Spill‚ better known as the BP oil spill‚ was a prime
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Oil Crisis When thinking about the 1970s‚ many words such as hippy‚ lava lamps‚ and tie-dye come to mind. However‚ there was much more going on during this decade than that. The 1970s‚ for those who lived in it remember having to wait in long lines at gas stations due to gas shortages. This became known as the oil crisis‚ which occurred in 1973 and 1979. Both of these crises caused a recession. As this comes with any recession‚ households and firms became uncertain about the future and weary of
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