CHAPTER 3 INDIA’S ENERGY DIPLOMACY IN THE MIDDLE EAST Energy is vital for the growth and survival of all living beings and it plays a crucial role in the socio-economic development and human wellbeing of a country. It has come to be known as a `strategic commodity’ and any uncertainty about its supply can threaten the functioning of the economy, particularly in developing economies. Energy indicates national prosperity and also underwrites national security. States now desire energy security
primary energy. Production of oil, gas and coal cannot keep up indefinitely with growing global demand. At some stage there must be a supply gap and a realization that if energy supplies can no longer grow, then traditional economic growth must cease. An increasing number of commentators believe we are very close to that point now. a. Peak Oil. All major oil fields throughout the world, with the exception of those in the Middle East, have now reached their peak. The Middle Eastern fields are by far the
Today everyone uses oil. Everything from farming machines and cars for traveling use oil. During the late 1800’s with the help of this oil, the United States prospered in innovation. John Davidson Rockefeller influenced this oil revolution by monopolizing the industry, producing oil in masses. With his refining business and knowledge of how to keep the operating costs down he was able to offer cheaper prices than the competitor. Although today the use of monopolization is illegal, Rockefeller’s use
Halal is an Arabic word that meaning are "legal" or "allow". This is in the Koran (Muslim scriptures) specified in the standard diet. The opposite of halal is haram, which means illegal or forbidden. In all aspects of life, halal and haram is common terminology. These terms are often used in food, meat products, personal care products, cosmetics and so foth. Although a lot of things is obviously halal or haram, but some things are not unknown. As halal or haram, further information is needed. These
Electric Expansion in Middle East Summary: With almost a century of cooperation, GE is focused on driving the Middle East region's financial development through solid and long haul open private partnerships. GE is centered on development and innovative headways to meet the squeezing challenges of the region crosswise over differed segments from medicinal services to aviation and energy to water shortage. Driven by the vision and definitive activity of submitted pioneers, the Middle East is on a development
adequate fully developed facilities for generation of power and steam, also supported by the facilities of the port and international standard logistic facilities. Process of refining: There are more than 50 processing units ar the refinery complex. They all process the feedstock, which gets converted into different finished outputs using complex refining processes. Crude oil distillation: This stage consists of both atmospheric as well as vacuum distillation Catalytic cracking: A fluidised catalytic cracker
The middle east has been at the centre of involvement for great powers for centuries. Its people have been subjected to conquest, colonization, and regime change. The Ottoman Empire, European powers and the United States have each impacted the region. The combination of their actions created the modern states of the Middle East as we know them today. This argues that the current social and political situation in the region is a direct consequence of these various powers. The Ottoman Empire was facing
ExxonMobil is a US based oil and gas production company that has its headquarters in Texas and in terms of sales revenues it is the eight largest company throughout the world. The name ExxonMobil indicates that it was formed with the merger of a New Jersey oil company Exxon and a New York based firm Mobil, which right now manufactures 3.9 million barrels of oil on daily basis. As the numbers indicate that the production value of this company is really high and it supplies oil to nearly 3% of the total
Malaysians also include those whose origin, can be traced to the Middle East, Thailand and Indonesia. Europeans and
Banking crisis refers to bank involved in high-risk industries (such as real estate, stock) in excess or made a loan to enterprises that leading to unbalanced assets and liabilities, bad debt burden so that make the capital operation stagnant and bankruptcy. Banking crises include: bank run, banking panic and systemic banking crises. Banking is the main part of the financial sector, has a very important position in a country’s social and economic life. Since the 20th century, the financial industry