Presented By: Gautam Ahuja Chemical, 4 YR, 1207535: Submitted To: Dr. Bodhraj
Presented By: Gautam Ahuja Chemical, 4 YR, 1207535: Submitted To: Dr. Bodhraj
Presented By: Gautam Ahuja Chemical, 4 YR, 1207535: Submitted To: Dr. Bodhraj
DR. BODHRAJ
GAUTAM AHUJA
CHEMICAL,4TH YR,1207535
INTRODUCTION
World Petroleum Industry is regarded as one of the largest in terms of capacity and at the
same time one of the most sophisticated ones in the whole world.
Petroleum is also the raw material for many chemical products, including pharmaceuticals, solvents,
fertilizers, pesticides, and plastics.
Oil accounts for a large percentage of the world’s energy consumption, ranging from a low of 32%
for Europe and Asia, up to a high of 53% for the Middle East.
The world consumes 35 billion barrels of oil per year, with developed nations being the largest
consumers.
The production, distribution, refining and retailing of petroleum taken as a whole represents the
world's largest industry in terms of dollar value.
Governments such as the United States govt, Indian govt provide a heavy public subsidy to
petroleum companies, with major tax breaks at virtually every stage of oil exploration and extraction,
including for the costs of oil field leases and drilling equipment.
PROCESS DIVISION
There are some core areas of World Petroleum Industry which are very
important locationally as well as strategically. The processes that are involved
in the petroleum industry all over the world are given in the following steps:-
1)Supermajors (BP, Chevron, Exxon Mobil, Shell).
2)Majors and
3)Independents or jobbers.