Oil and gas conservation means their better and more efficient use with regard to economic‚ social or environment costs and benefits resulting minimization of wastage and protection of environment. A very high priority is attached by the government to conservation of petroleum products in view of the need to reduce increasing gap between demand for and supply of oil and petroleum products. Government has initiated various steps to promote conservation of petroleum products in the different sectors
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Isoquant - Meaning and Properties * Marginal Rate of Technical Substitution * Law of Returns to Scale Meaning An isoquant is a firm’s counterpart of the consumer’s indifference curve. An isoquant is a curve that show all the combinations of inputs that yield the same level of output. ‘Iso’ means equal and ‘quant’ means quantity. Therefore‚ an isoquant represents a constant quantity of output. The isoquant curve is also known as an “Equal Product Curve” or “Production Indifference Curve”
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Gauthier I ’m torn about the cost- benefit analysis between deciding to increase taxes to alleviate pollution and improve the environment. The cost of gas is expensive enough and car companies are employing new tactics to alleviate most of the pollution that cars cause‚ by the use of electric cars‚ cars that have higher gas mileage‚ smaller cars‚ smaller engines and inspection regulations for each automobile to be done every year. As far as raising gas prices‚ I think that will cause more damage than
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based on the fact that the vapor of a boiling mixture will be richer in the components that have lower boiling points.Therefore‚ when this vapor is cooled and condensed‚ the condensate will contain more volatile components. At the same time‚ the original mixture will contain more of the less volatile material. Distillation columns are designed to achieve this separation efficiently.Although many people have a fair idea what “distillation” means‚ the important aspects that seem to be missed from the
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Syria and Ukraine‚ oil prices increased significantly as did the profit earned by many oil companies including PETRONAS. Politicians in Malaysia opposed the government policy to oil price increase by twenty cents and the withdrawal of oil subsidy. As a manager or policy implementer‚ discuss the pros and cons if this policy in the context of the various theories of profit. Introduction The government of Malaysia increased the price of oil by 20 cents and withdrawal of the oil subsidy causing the
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Definition of Terms The following terms were defined for the readers to have a better understanding of the reserch paper. Active constituent. It refers to the component of the plant responsible for the exhibitory activity of the drug.1 Agar. It is gelatinous colloidal extractive of a red alga (as of the genera Gelidium‚ Gracilaria‚ and Eucheuma) used especially in culture media or as a gelling and stabilizing agent in foods.2 Agar-well diffusion method.3 It is a method of bioassay wherein
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AND CONs OF INCREASING OIL PRICE 1. INTRODUCTION In this decade‚ the price of oil has been raised 3 times. The era of President SBY has the record of increasing oil price (premium). The policy was made by SBY has become pro and con between the expert of economic. Some people said that increasing the oil price is just can’t be done because it’s contra with UU‚ but government said that if we don’t raise the oil price it will absorb the APBN because the import oil price is higher and higher time
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The global oil and gas industry also involves the exploration and production of commodity and energy trading‚ pipeline monitoring and renewable energy. Petroleum is proved to be one of the most valuable commodities in the world today and a vital factor in the sustenance of industrial civilization. Crude oil production accounts for a significant amount of the world’s oil consumption‚ approximately 53% in the Middle East‚ 32% in Europe and Asia‚ 44% in South and Central America‚ 41% in Africa and
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Topic: IFRS and US GAAP in the Oil and Natural Gas Industry Summer 2013 July 17‚ 2013 Introduction Many countries in the world speaks many different languages when it comes to financial reporting. When one compare the accounting standards years ago to what is seen today‚ it’s shown that investors tolerated a great deal. As the markets are becoming global‚ investors are choosing the better global accounting standards that are available to them. For this reason‚ this paper will point out the International
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Håvard Devold Oil and gas production handbook An introduction to oil and gas production ISBN 978-82-997886-1-8 PREFACE This handbook has been compiled for readers with an interest in the oil and gas production industry. It is an overview of the main processes and equipment. When we searched for a suitable introduction to be used for new engineers‚ I discovered that much of the equipment is described in standards‚ equipment manuals and project documentation. But little material was
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