our founding Chairman Mr. Munir Ahmad‚ and the former Members of the Authority. The result is evident from the strong regulatory institution that my new team and myself have inherited and must sustain and improve upon. Their knowledge of the petroleum industry and dedicated involvement in fulfilling the Organization’s vision deserves our sincere thanks‚ and would remain the beacon to guide us as we take on this mantle. C h ai rman ’s Rev i e w 1. The hard work of OGRA’s team of professionals
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The Role of Risk management in the managing price Volatility in the Global oil and Gas Market Energy is a basic requirement for all human activity. A main characteristic of every culture and society throughout history has been the way in which it has used the energy resource at its disposal‚ and the per capital consumption of energy is the common measurement of its level of development. The oil and gas market are the driving force of the global economy and accounts for an ample of the world’s
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BP Travel Centre; ampm; Burmah Castrol etc) Participates in London Stock Exchange‚ IPO in New York Stock Exchange. and is listed in the FTSE 100 Index; BP Amoco strong brand loyalty for oil; Strong brand management driven by the ‘Beyond Petroleum’ slogan. BO Q3 net profit increase by 83% due to record oil and gas prices. The indicator amounts to $53.43 per share compared to $21.27 during the same period in 2007. Weaknesses: Launch of controversial business with the Baku-Tbilisi-Ceyhan
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history of oil and gas resources in the Niger Delta region. The Anglo-Saxon Petroleum‚ according to Steyn (2009)1‚ was renamed by that of the Shell Overseas Exploration Company in the official license in 1937. The exploration eventually resulted in a large commercial oil discovery. Shell Nigeria is the common name for Royal Dutch Shell’s Nigeria operations carried out through four subsidiaries- primarily Shell Petroleum Development Company of Nigeria Limited (SPDC). 2 Shell has been active in Nigeria
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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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Alternative Fuels People in America do not realize the fact that driving their vehicle is one of the regular activities that they do that has one of the largest impacts on the earth. With more and more cars in use each day‚ the more fossil fuels are called for. Fossil fuels are natural fuels that were formed from the remains of living organisms. These fossil fuels typically take millions of years to be formed. Since most fossil fuels are being imported due to it taking a huge amount of time
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aproximately one-half of a combustion vehicle. Then‚ hybrid cars are not only a way to reduce polution‚ but also a way to avoid the crisis after the peak oil (a peak oil is the point in time when‚ after the maximum rate of petroleum extraction is reached‚ it declines). By making the petroleum industry dispensable‚ the planet would have even more advantages. First of all‚ oil extraction is costly. Oil spills have made huge damages on environment for years‚ and the planet was obliged to spend thousands of
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Others Saudi Arabian General Investment Authority (SAGIA) 12/11/2011 Page 3 of 4 National Competitiveness Center NCC FDI Stock by Sectors in 2010 (Total US $ 170.4 Billion) 17.9% 3.3% 4.2% 7.7% 12.7% 6.0% 8.3% 7.0% 17.5% Refined petroleum products Other Industries Electricity‚ Gas and Water Supply Contracting Finance Services & Insurance Computer and related activities 3.0% 3.4% 9.0% Chemical & petrochemical
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years ago‚ it is the single largest transporter of crude oil and petroleum products in North America. On May 27‚ 2010‚ Enbridge submitted a regulatory application for a $5.5 billion project named Northern Gateway Project (NGP). This pipeline project consists of a twin pipeline system transporting petroleum and condensate from Bruderheim‚ Alberta‚ near Edmonton‚ to the marine terminals in Kitimat‚ British Columbia. Crude oil or petroleum is used to make gasoline‚ lubricants for machinery‚ asphalt‚ plastics
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of barrels contained in each ton varies depending on the type and specific gravity of each crude‚ however the average number considered would be around 7.33 barrels per each ton. Factors Affecting Demand * Population A significant factor on petroleum demand has been human population growth. Oil production per capita peaked in the 1970s. The world’s population in 2030 is expected to be double that of 1980. There are speculations or predictions that oil production in 2030 will have declined back
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