Tag Archives: petroleum drilling

Refining Crude Oil – Part 1

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 … Continue reading

Oil Revenue Not Likely Until 2013

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 … Continue reading

Vietnam’s petroleum company met Sok An

On Monday, a delegation from Vietnam’s state-owned petroleum company Vietnam Oil met with Deputy Prime Minister and Minister of Council of Ministers to make discussion over oil exploration in Cambodia soil. According to the hand-written statement by the council, Dinh La Thang, president of Vietnam Oil company, led a delegation that met Sok An to … Continue reading

Contracts for Petroleum Development – Part 1

In virtually every country around the world, petroleum resources in the ground are considered the property of the state. Whether and how the country’s petroleum resources are developed, and how much revenue will flow to the government, depend on the nature of contracts signed between the government and the investor. This briefing note, the first … Continue reading