Category: Petroleum

Definition Hydrates are inorganic and organic substances that contain water and are easily formed by less polarized molecules that would fit into a clathrate water cage. The water molecule is combined in a definite ratio as an essential part of the whole crystal constituting the substance. Abstract Natural gas hydrates have always puzzled scientists, researchers,…

Introduction Liquefied Petroleum Gas (LPG) is a mixture of hydrocarbon gases, a large fraction of which is propane and butane (Khabibullin et al. 2010, p.1). The composition of LPG at any particular time varies according to its source, processing principles and season (Khabibullin et al. 2010, p.3). For example, the quantity of butane and butane…

America’s overdependence on petroleum products is one of the main reasons for the sluggish economy. The cost of importing crude oil creates a trade deficit, and it increases the debt burden of the United States. Also, policymakers must explore other sources of energy because petroleum products contribute to the degradation of the environment. Government officials…

Petroleum is a major economical industry that constantly grows larger and contributes significantly to the growth of the world’s economy. The role of oil and gas has severely increased recently in the world energy markets due to an internal development potential of these products. Petroleum is a matter of current interest of natural sciences and…

Executive Summary In today’s competitive market, each company endeavors to gain advantages over its contenders. Managing human resources and work environment is paramount to enhancing efficiency and performance. To embark on the issue of fostering creativity and innovation in the workplace, one should consider the key determinants of a supportive organizational culture. The case of…

Introduction Globalisation is one of the forces in the external market environment that a firm cannot control. The emerging technologies in the field of communication and transport have made it possible for companies to explore foreign markets as a means of achieving growth. In Oman, various foreign firms have set up their branches in major…

The Organization of Petroleum Exporting Countries (OPEC) was founded in 1960 as a cartel of the world’s biggest oil suppliers to help them to control the oil price and their own share and profit (Mankiw, 2014, p. 356). Nowadays the organization consists of 12 countries: “Algeria, Angola, Ecuador, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi…

Outline This essay aims to explain the workings of the OPEC cartel and its activities in the past year. The essay first provides a basic definition of what a cartel is and then gives a short description of the constituent members of the OPEC cartel. The essay then explains the basic workings of the cartel…

Executive Summary Oman Oil Refineries and Petroleum Industries Company (ORPIC) is one of the strategic governmental interests, responsible for the excavation and production of numerous gas and oil-related materials. The production values of ORPIC are estimated at 943,000 barrels a day in gas and 31.4 million tons of oil equivalent per year in gas (ORPIC…

Table of Contents Introduction History of OPEC Future of the Organization Conclusion References Introduction The purpose of this paper is to regard the history of OPEC as the organization of petroleum suppliers, represent this alliance as the political power and provide the models of its further development from the context of its necessity and usefulness…