Top 10 oil consuming countries in the worldThe article provides an overview of some of the oil consuming countries in the world including the U.S., China and Brazil.Flare
One principal reason for OPEC country’s high oil production is that they have most of the world’s oil reserves. According to OPEC, 80.4% of the world’s proven oil reserves are in OPEC member countries such as Venezuela, Saudi Arabia, Iran, Iraq, United Arab Emirates, Kuwait and more....
Oil sands deposits in the province of Alberta account for around 97% of the country’s reserves. The province also holds a considerable amount of its conventional oil resources. Canada is a net exporter of crude oil, with most of its sales heading to the US, to which it is the the ...
The company’s Chemical Technologies unit won contracts in multiple countries in the MENA region, which will help support oil and gas field development projects via its corrosion inhibition chemistries. Additionally, ChampionX’s Production & Automation Technologies unit secured a full suite chemical dos...
used cooking oil, to the electric engine for the motorboats – all without sacrificing any comfort for guests. In fact, they have also won 19th Malaysia Tourism Awards 2014/2015 for Best Hotel Services (3 Star & Below). Its location on the bank of Kinabatangan River (at 560km, the secon...
The Saudi economy is heavily based on oil and is the world’s largest oil exporter. The Saudi government owns and operates much of the country’s major industry through its oil company,Aramco; however, with global environmental concerns driving increasing interest in developing non-fossil fuel ene...
Revenues from oil, natural gas, and energy drive the Russian economy. Foreign trade is important as the total value of imports and exports is equal to 46.7% of GDP, making Russia one of the top countries by GDP. However, with the recent conflicts with Ukraine, we will likely see a negat...
Pakistan is a major importer of GM soy and canola oil in addition to importing GM cotton. While China continues to be a major importer of biotech crops globally, the Chinese government is focused on increasing its domestic product pipeline and crop production. Since 1994, China has approved 73...
Many plants have native countries where they flourish and thrive best, and different farmers will have different standards of production. The best oil brands have a special relationship with their suppliers and distillers, and visit them regularly to ensure the integrity and quality of raw materials...
Without adequate reserves, a country may be unable to pay for critical imports, such as crude oil, or service its external debt. Inadequate reserves can also limit a central bank’s available responses to an economic crisis. Foreign currency reserves can also be used to control exchange rates...