Category: petroleum

Petroleum Significance for the Modern World Petroleum is a major economical industry that constantly grows larger and contributes significantly to the growth of the worlds economy. The role of oil and gas has severely increased recently in the world energy markets due to an internal development potential of these products. Petroleum is a matter of…

Organization of the Petroleum Exporting Countries The Organization of Petroleum Exporting Countries (OPEC) was founded in 1960 as a cartel of the worlds biggest oil suppliers to help them to control the oil price and their own share and profit (Mankiw, 2014, p. 356). Nowadays the organization consists of 12 countries: Algeria, Angola, Ecuador, Iran,…

The Organization of Petroleum Producing Countries Cartel Outline This essay aims to explain the workings of the OPEC cartel and its activities in the past year. The essay first provides a basic definition of what a cartel is and then gives a short description of the constituent members of the OPEC cartel. The essay then…

Petroleum Exporting Countries Organization Table of Contents Introduction History of OPEC Future of the Organization Conclusion References Introduction The purpose of this paper is to regard the history of OPEC as the organization of petroleum suppliers, represent this alliance as the political power and provide the models of its further development from the context of…

Oman Oil Refineries and Petroleum Industries Company Executive Summary In todays competitive market, each company endeavors to gain advantages over its contenders. Managing human resources and work environment is paramount to enhancing efficiency and performance. To embark on the issue of fostering creativity and innovation in the workplace, one should consider the key determinants of…

Omani Oil and Petroleum Company: The Decision About Which Markets to Enter Introduction Globalisation is one of the forces in the external market environment that a firm cannot control. The emerging technologies in the field of communication and transport have made it possible for companies to explore foreign markets as a means of achieving growth.…

Continued Reliance on Petroleum to Impact the US This essay is about the continued reliance on Petroleum by the United States and its effects on the US economy between now and 2025. The geo-politics of oil as well as the options before the US in terms of energy transition are discussed here. The base report…

can cause air pollution and lead to serious accidents and spills. The utilization of coal or power plants