why is reliance on a single industry (like oil countries) may not expand the production possibilities frontier?
The year 2011 was about Oil Politics! It was about Government versus some of the big corporate houses – Reliance Industries, Vedanta Resources.
Questions on sanctity of the production-sharing contracts (PSCs) – signed between the Government and the contractors to explore and develop oil and gas acreages in the country – and the role of Directorate General of Hydrocarbons came into public glare.
The immediate challenges before the Government in 2012, therefore, would be to ensure greater transparency in implementation of the PSC, reduce time lag in decision making, performance audit of the companies, and giving upstream technical arm – the Directorate General of Hydrocarbons – more mandate.
An example of politics involved in the sector was the Ministry of Petroleum & Natural Gas approaching the Cabinet Committee on Economic Affairs for taking decision on the subjects that were well within the ambit of the Ministry.
Reliance Industries has signed a significant deal with BP PLC.in London, This for certain will reduce Reliance Industries' exploration risk ...
Among its subsidiaries, the largest oil producer is the Waha Oil Company, the Arabian Gulf Oil Company, Zueitina Oil Company, and the Sirte Oil Company. The state-owned National Oil Corporation dominates Libya’s oil industry, along with smaller subsidiaries, which combined account for around 50 per cent of the country’s oil output. Libya, as an Opec member, is holding the largest proven oil reserves in Africa which contribute to practically all export earnings and around 55 per cent of the country’s gross domestic product of about $96. The centrally planned economy under Muammar Gaddafi’s rule has so far led to a concentration of the oil sector in state-owned companies despite promises to privatise the sector further....
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262 pages |
The politics of the global oil industry, an introduction The relationship of international politics and the global oil industry affects everyone but is understood by few. |
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171 pages |
Oil in China, From Self-Reliance to Internationalization |
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1370 pages |
The Middle East and North Africa In January 2002 international oil industry sources estimated production at 2.31m . b/d ... between the Oil and Natural Gas Corporation and Reliance Petroleum ... |
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493 pages |
When Technology Fails, A Manual for Self-Reliance, Sustainability, and Surviving the Long Emergency ... economy and culture are largely built upon a reliance on cheap oil. ... you look at critical analysis from leading geophysical oil industry experts, ... |
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76 pages |
Outlook Profit Private sector players such as Cairn India, Reliance Industries, Reliance Petroleum, Essar Oil are also listed. Private players can export refined products ... |
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US groups unlock secret recipe for oil But a revival in the domestic oil industry, driven by the exploitation of “unconventional” reserves such as shale oil, has for the past two years reversed the steady decline of US production that began in 1985. M. King Hubbert, a Shell Oil geologist, |
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A win-win deal for India and BP BP'S INDUSTRY-leading joint venture with Reliance Industries gives the supermajor access to some of India's most prospective deep-water acreage and a vital position in one of the world's fastest-growing energy markets. A significant portion of the |
Higher Oil Prices Could Be Here To Stay
These nations are considered to be riskier to the global oil balance than the larger producers of Saudi Arabia and Iran given a particular underlying theme – that of total reliance on foreign investment in the oil industry. Foreign oil companies have
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Oil talking points get recycled
Our nation will need oil and gas for the foreseeable future, and it makes sense to produce some of it close to home, as long as we avert disasters like the Deepwater Horizon, wrought by a combination of industry corner-cutting and shamefully lax
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Corn-based ethanol producers are cranking up as oil prices soar
Oil companies including Valero Energy Corp., Sunoco Inc. and Marathon Oil Corp. that snapped up facilities when the industry hit a rough patch a few years ago are looking to expand. A March 3 article in the Businesss section about the revival of the
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