Energy of India‚ IndianOil closed the year 2011-12 with a sales turnover of Rs. 4‚09‚957 crore ($ 85‚550 million) and profits of Rs. 3‚955 crore ($ 825 million). At IndianOil‚ operations are strategically structured along business verticals - Refineries‚ Pipelines‚ Marketing‚ R&D Centre and Business Development – E&P‚ Petrochemicals and Natural Gas. To achieve the next level of growth‚ IndianOil is currently forging ahead on a well laid-out road map through vertical integration— upstream
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An oil refinery is located on the north bank of a straight river that is 2 km wide. A pipeline is to be constructed from the refinery to storage tanks located on the south bank of the river 6 km east of the refinery. The cost of laying pipe is $200‚000 per km over land to a point P on the north bank and $400‚000 per km under the river to the tanks. To minimize the cost of the pipeline‚ how far from the refinery should P be located? (Round your answer to two decimal places.) 1 year ago Report Abuse
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5 Describe the economic history of the crude oil refining sector in T&T from its birth to its present status. What was the impact of US tax legislation on this sector? How did the IADB loan revamp the refinery in Petrotrin in 1993? Why was the refinery in Point Fortin closed? Why does the refinery operate at suboptimal capacity? Is the Moraven agreement still active? Outline the prospects for growth in the next decade for the oil refining and gas refining subsectors of the petroleum sector of the
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time where refinery margins began shrinking. This increased productivity led to lower operating costs for the company. As a result of this increase in productivity BP executives decided to implement the Lima innovations around the world. This shows that Lima has been a leader in refinery innovation and has contributed greatly to the success of BP. The second argument as to why the plant should remain open is the obligation to the local community. The city not only relies on the refinery for 500 jobs
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The refinery pipelines and transportation assets that are needed to supply fuel in the northern United States are also included in this deal. The potential pitfall with this business venture is that refineries are an unprofitable business. Indeed‚ this is the reason no new refineries are being built. Delta’s management also estimated it would take an additional US$100 million to modify this refinery for processing jet fuel. However‚ a potential benefit
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OMEGA: An Improved Gasoline Blending System for Texaco MGMT 372 Blending gasoline is a critical refinery operation. Texaco implemented the system‚ OMEGA‚ in 1980 on personal and large computer systems. Computers were being installed at Texaco refineries in 1960’s and were mostly used for accounting purposes‚ data acquisition‚ process control‚ and refinery modeling. At this time‚ compositions of gasoline blending were being developed by trial and error‚ experience‚ and average response tables
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86‚500 bbl/d refinery into an import terminal in 2003 and now operates as a plain marketing and distributing company under the name “Chevron”‚ but maintains its Caltex brand. Philippine National Oil Company (PNOC)‚ a state-owned company‚ and Saudi Aramco jointly own Petron; each with a 40 percent stake while the public holds the remaining 20 percent share. Petron operates an 180‚000 bbl/d refinery and over 1‚200 gasoline stations nationwide; Pilipinas Shell has a 110‚000 bbl/d refinery and about 800
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International School Of Business Management‚ Suresh Gyan Vihar University‚ Jaipur 2013 Economics of the Barmer Refinery Author - Dr. Ruchi Goyal‚ Associate professor‚ ISBM Dr. Trilok Kumar Jain‚ Dean‚ ISBM Large projects have many plus and minus points. Investing in large projects involves huge outflow of resources. These projects also have many un-wanted side effects on people living in neighboring areas. These projects also change the aspirations and consumption habits of
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to the supply. • The cost of crude oils and other feedstock’s . • The configuration. • The capacity. • The utilization rates of refineries. QUALITY OF REFINED PETROLEUM PRODUCTS PRODUCED BY ANY GIVEN REFINERY • depends on the types of crude oil used as feedstock and • the configuration of the refinery. LIGHT AND SWEET CRUDE OILS ARE • more expensive and • generate greater yields of higher value refined petroleum products‚ such as 1
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INVENTORY MANAGEMENT- PURCHASE AND PROCUREMENT Page 1 A PROJECT REPORT ON INVENTORY MANAGEMENT-PURCHASE AND PROCUREMENT PROCEDURES AT IOCL (BARAUNI REFINERY) EXECUTIVE SUMMARY Petroleum oil is the lifeline of modern civilization. It is needed equally for both domestic andindustrial purposes. Its demand has increased multiple-folds and yet to increase on war scale dueto rapid industrialization and fast urbanization. Both developed and developing countries areutilizing oil resources
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