20 (Xinhua) -- The state-owned Iraqi Midland Oil Company said on Monday that it has discovered huge oil reserves in the East Baghdad oil field. Mohammed Yassin Hassan, director general of the company, said the new discovery is expected to add more than 2 billion barrels to Iraq's oil ...
With an average costs of US$4/bbl, the Middle East has both the largest oil reserves and the lowest cost oil in the world. While new and improved technology of exploration and production may lessen this price advantage in the future, it will not eliminate it. Because of these two factors...
The continent is endowed with vast deposits of crude oil reserves. In its original state, crude oil has little or no practical application and/or economic value (Dincer and Rosen 2013). Therefore, the need arises for the conversion of the unprocessed crude into more valuable products. Africa ...
阅读下列短文,从每题所给的 A、B、C和D四 its oil reserves, the UAE's largest emirate(酋长国)个选项中,选出最佳选项。 has transformed into an impressive destination you Uncover secrets of the world's oldest civili- have to see to believe. Dramatic Dubai is developing zations and see natur...
The closure of the two fields caused Libya’s daily oil production to drop by 330,000 barrels, the NOC said. Before the shutdown, Libya’s production stood at around 1.2 billion barrels a day. The North African nation has the ninth-largest known oil reserves in the world, and t...
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It is one of the largest oil reserves found in the area in the past 20 years, it added. Dragon Oil was founded in 1971 in Ireland. The Emirates National Oil Company, a wholly owned company of the Government of Dubai, bought a controlling share in Dragon Oil in 1999 when its headquarter...
After all, the United States had prevailed over the Axis (32) in significant part because it possessed vast reserves of domestic petroleum, while Germany and Japan lacked them, depriving their forces of vital (33) supplies in the final years of the war. As it happened, though, the United ...
aThe development of Chad's oil reserves is predicated on the goal that the revenues will be used to reduce poverty in Chad by investing in education, health and other basic infrastructure projects. Critics fear that little of the income will reach the poorest populations, much will be lost ...
With oil reserves of 48 billion barrels, Libya is home to the largest deposits in Africa. I holds 2.8% of the world’s proven resource. The Libyan economy is heavily reliant on oil and gas exports, with the industry accounting for around 60% of its GDP, and most of its export reve...