China National Petroleum Corporation CNPC at a Glance China National Petroleum Corporation (further CNPC) is an integrated international energy company. Ranked 6 at the Fortune 500 in 2011‚ it is China’s largest oil and gas producer and supplier‚ as well as one of the world’s major oilfield service providers and a globally reputed contractor in engineering construction. With a presence in almost 70 countries‚ it is seeking an even greater international role. It provides energy in a profitable
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Table of Contents Crude oil......................................................................................................................................1 Ancient Civilisation ...................................................................................................................1 Politics of Black Gold.................................................................................................................1 Physical attributes of crude ...........................
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The OIL INDUSTRY includes the global processes of exploration‚ extraction‚ refining‚ transporting (often by oil tankers and pipelines)‚ and marketing petroleum products. The largest volume products of the industry are fuel oil and gasoline (petrol). Petroleum is also the raw material for many chemical products‚ including pharmaceuticals‚ solvents‚ fertilizers‚ pesticides‚ and plastics. The industry is usually divided into three major components: upstream‚ midstream and downstream. Midstream operations
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Change Barriers to Entry Revenue Volatility Rating Mature High High High High Low High Low Comment The Indian Oil production is growing steadily but at a low rate of 1.78% while natural gas is at 7.39% High capital requirements The share of Petroleum sector in total Govt. subsidy has been increasing and so is the under-recoveries by Oil companies ONGC produces 75% of India ’s Crude Oil‚ while OIL produces another 10%. The average HHI over has been 0.65 for the period 2002-10 Prices of transportation
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Name petroleum products which we get on processing Crude Oil. Ans: Petroleum products are usually grouped into three categories: light distillates (LPG‚ gasoline‚ naphtha)‚ middle distillates (kerosene‚ diesel)‚ heavy distillates and residuum (heavy fuel oil‚ lubricating oils‚ wax‚ asphalt). This classification is based on the way crude oil is distilled and separated into fractions (called distillates and residuum). On processing crude we are getting following products. • Liquified petroleum gas (LPG)
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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 products having different attributes i.e. gasoline‚ diesel‚ aviation fuel‚ kerosene‚ and fuel oil‚ and others‚ its value will be maximized. The price of crude oil is thus determined by the type and quality of the crude oil itself. Once distilled
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The Impact of Global Economic Crisis in the Middle East Impact of Global Economic Crisis in Middle East Page 1 Table of Contents Glossary ..................................................................................................................................... 3 Introduction ............................................................................................................................ 4 Background .............................................................
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of commodities speculation. The effects of OPEC (Organization of Petroleum Exporting Countries) are also examined by the Federal Trade Commission as well as possible anti-trust violations and market manipulation by refineries. OPEC‚ which is a cartel that tries to restrict oil output‚ is an intergovernmental organization of twelve developing countries which include Algeria‚ Angola‚ Ecuador‚ Iran‚ Iraq‚ Kuwait‚ Libya‚ Nigeria‚ Qatar‚ Saudi Arabia‚ the United Arab Emirates‚ and Venezuela. It has often
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CENTRE FOR ENERGY‚ PETROLEUM AND MINERAL LAW AND POLICY STATEMENT OF ORIGINALITY I.D. STUDENT: 120023681 PROGRAMME: MSC INTERNATIONAL OIL AND GAS MANAGEMENT MODULE: CP51005 Name: International Petroleum Law and Policy HOW EFFECTIVE IS THE ARBITRABILITY OF TAX DISPUTES AT A PRE-PRODUCTION STAGE IN INTERNATIONAL COMMERCIAL ENERGY DISPUTES? A case of Heritage Oil & Gas Ltd Vs Uganda Revenue Authority Abstract: What makes arbitrability a contentious issue in arbitration
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largest country compared to the world and is slightly more than one-fifth the size of the United States. It is bounded to the west by the Red Sea‚ to the north by Iraq‚ Jordon‚ and Kuwait‚ to the east by the Arabian Gulf‚ the United Arab Emirates‚ Qatar‚ and Bahrain‚ and to the south by Omen and Yemen. Most of the country is desert‚ so its climate is harsh‚ dry and with great temperature extremes. Its capital is Riyadh and has 13th other provinces‚ which are presided over by governors. Based on
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