Crude 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 [...]
Posts Tagged ‘oil price’
Contracts for Petroleum Development – Part 2
July 2nd, 2009
Cambodia Economy Petroleum contracts are long and complex. Production sharing agreements, the type of contracts being signed in Cambodia, are no exception. However, they are important to the country’s future economic and development options and hence it would be helpful if the public had a basic understanding of how these contracts work and, in particular, how government [...]
Oil Revenue Not Likely Until 2013
June 19th, 2009
Cambodia Economy COMMERCE ministers from the Mekong region will be warned today at a major conference that countries must boost trade and transport sector reforms if they hope to boost intraregional trade and reduce reliance on ailing external trade partners. Arjun Thapan, director general of the Southeast Asia department of the Asian Development Bank (ADB), which is [...]



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