Posts Tagged ‘Oil and gas’
Refining Crude Oil – Part 2
Tuesday, October 27, 2009 8:09 No CommentsRefining is a capital-intensive industry in a market driven by divergent forces—cleaner fuelsto address local air pollution; greater fuel efficiency against the backdrop of record oil prices; and steadily rising consumption of transportation fuels due to rising income, especially in developing countries. Part 2 of the briefing notes on refining discusses these topics and other [...]
Refining Crude Oil – Part 1
Monday, August 10, 2009 7:43 No CommentsCrude oil is what we extract out of the ground; refined products (such as gasoline and diesel) are what we consume. As of end-2007, there were 657 refineries around the world with a combined crude processing capacity of 85 million barrels per day (bpd). This briefing note provides technical background information on the characteristics of [...]
Prime Minister called on petrol firms to lower cost
Friday, August 7, 2009 16:32 No CommentsPrime Minister Hun Sen called on two local petrol companies to reduce cost of oil or hold them steady during his speech at graduation ceremony at Build Bright University in Phnom Penh. He praised the two oil companies but he criticized two international petro firms for their different approaches.
The Premier said that the two firms [...]
Contracts for Petroleum Development – Part 3
Monday, July 27, 2009 15:36 No CommentsThe flows of oil revenues are quite complex. This note presents the results of two hypothetical simulations — one a progressive production sharing regime and the other regressive – to illustrate qualitatively how they affect the amount and timing of government revenue and investors’ profits.
Briefing Notes 7 and 8 [1,2] gave an overview of different [...]
