Ethics in the Business of Petroleum Exploration: Chapter 27: Part V. Legal, Political, Ethical and Environmental Aspects of the BusinessR. W. Spoelhof
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Events in the Middle East began to dominate the worldwide oil business during the latter part of 1972. In a long-expected yet still astonishing reversal, the Organization of Petroleum Exporting Countries (OPEC) effectively took over the determination of international oil prices. Then, in 1973...
We furthered reforms to streamline administration and delegate power, improve regulation, and upgrade services; and the Regulations on Improving the Business Environment were implemented. We adopted a three-year action plan for SOE reform and supported the development of private businesses. The ...
It is also involved in the distribution and marketing of petroleum-derived products. Processes include: oil- and gas-field operations, gas plant processing operations, refining and refinery operations, and refining technologies.
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the upstream part of the business is over.Midstreamcompanies gather the raw resource and transport the resource via pipeline, railway, or tanker truck to refineries. Refineries are thedownstreamphase of the oil and gas industry. They process the rawcrude oilinto their end petroleum products. They...
Surgutneftegas also runs a power generation business and produces petrochemicals.1314It also operates service stations across the country under five differentsubsidiaries.15 Saudi Arabian Oil Company, also known as Saudi Aramco, topped the list as the world's largest oil and gas company with sales o...