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Petroleum Industry In India
The petroleum industry in India dates back to 1889 when the first oil deposits in the country were discovered near the town of Digboi in the state of Assam. The natural gas industry in India began in the 1960s with the discovery of gas fields in Assam and Maharashtra (Mumbai High Field). As on 31 March 2018, India had estimated crude oil reserves of 594.49 million metric tonnes (Mt) and natural gas reserves of 1339.57 billion cubic metres of natural gas (BCM). India imports 82% of its oil needs and aims to bring that down to 67% by 2022 by replacing it with local hydrocarbon exploration, renewable energy and indigenous ethanol fuel.India launches first auction of exploration blocks under new licensing policy [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Blue Barrel
A barrel is one of several units of volume applied in various contexts; there are dry barrels, fluid barrels (such as the U.K. beer barrel and U.S. beer barrel), oil barrels, and so forth. For historical reasons the volumes of some barrel units are roughly double the volumes of others; volumes in common use range approximately from . In many connections the term is used almost interchangeably with ''barrel''. Since medieval times the term as a unit of measure has had various meanings throughout Europe, ranging from about 100 litres to about 1,000 litres. The name was derived in medieval times from the French , of unknown origin, but still in use, both in French and as derivations in many other languages such as Italian, Polish, and Spanish. In most countries such usage is obsolescent, increasingly superseded by SI units. As a result, the meaning of corresponding words and related concepts (vat, cask, keg etc.) in other languages often refers to a physical container ra ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Economic Times
''The Economic Times'' is an Indian English-language business-focused daily newspaper. It is owned by The Times Group. ''The Economic Times'' began publication in 1961. As of 2012, it is the world's second-most widely read English-language business newspaper, after ''The Wall Street Journal'', with a readership of over 800,000. It is published simultaneously from 14 cities: Mumbai, Bangalore, Delhi, Chennai, Kolkata, Lucknow, Hyderabad, Jaipur, Ahmedabad, Nagpur, Chandigarh, Pune, Indore, and Bhopal. Its main content is based on the Indian economy, international finance, share prices, prices of commodities as well as other matters related to finance. This newspaper is published by Bennett, Coleman & Co. Ltd. The founding editor of the paper when it was launched in 1961 was P. S. Hariharan. The current editor of ''The Economic Times'' is Bodhisattva Ganguli. ''The Economic Times'' is sold in all major cities in India. Other ventures In June 2009, The Economic Times launched a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Petroleum Products
Petroleum products are materials derived from crude oil (petroleum) as it is processed in oil refineries. Unlike petrochemicals, which are a collection of well-defined usually pure organic compounds, petroleum products are complex mixtures. The majority of petroleum is converted to petroleum products, which includes several classes of fuels. According to the composition of the crude oil and depending on the demands of the market, refineries can produce different shares of petroleum products. The largest share of oil products is used as "energy carriers", i.e. various grades of fuel oil and gasoline. These fuels include or can be blended to give gasoline, jet fuel, diesel fuel, heating oil, and heavier fuel oils. Heavier (less volatile) fractions can also be used to produce asphalt, tar, paraffin wax, lubricating and other heavy oils. Refineries also produce other chemicals, some of which are used in chemical processes to produce plastics and other useful materials. Since petroleu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Compound Annual Growth Rate
Compound annual growth rate (CAGR) is a business and investing specific term for the geometric progression ratio that provides a constant rate of return over the time period. CAGR is not an accounting term, but it is often used to describe some element of the business, for example revenue, units delivered, registered users, etc. CAGR dampens the effect of volatility of periodic returns that can render arithmetic means irrelevant. It is particularly useful to compare growth rates from various data sets of common domain such as revenue growth of companies in the same industry or sector. CAGR is equivalent to the more generic exponential growth rate when the exponential growth interval is one year. Formula CAGR is defined as: :\mathrm(t_0,t_n) = \left( \frac \right)^\frac - 1 where V(t_0) is the initial value, V(t_n) is the end value, and t_n - t_0 is the number of years. Actual or normalized values may be used for calculation as long as they retain the same mathematical propor ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
International Energy Agency
The International Energy Agency (IEA) is a Paris-based autonomous intergovernmental organisation, established in 1974, that provides policy recommendations, analysis and data on the entire global energy sector, with a recent focus on curbing carbon emissions and reaching global climate targets, including the Paris Agreement. The 31 member countries and 11 association countries of the IEA represent 75% of global energy demand. The IEA was set up under the framework of the Organisation for Economic Co-operation and Development (OECD) in the aftermath of the 1973 oil crisis to respond to physical disruptions in global oil supplies, provide data and statistics about the global oil market and energy sector, promote energy savings and conservation, and establish international technical collaboration on innovation and research. Since its founding, the IEA has also coordinated use of the oil reserves that its members are required to hold. In subsequent decades, the IEA's role expanded t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Oil Price
The price of oil, or the oil price, generally refers to the spot price of a barrel () of benchmark crude oil—a reference price for buyers and sellers of crude oil such as West Texas Intermediate (WTI), Brent Crude, Dubai Crude, OPEC Reference Basket, Tapis crude, Bonny Light, Urals oil, Isthmus and Western Canadian Select (WCS). Oil prices are determined by global supply and demand, rather than any country's domestic production level. The global price of crude oil was relatively consistent in the nineteenth century and early twentieth century. This changed in the 1970s, with a significant increase in the price of oil globally. There have been a number of structural drivers of global oil prices historically, including oil supply, demand, and storage shocks, and shocks to global economic growth affecting oil prices. Notable events driving significant price fluctuations include the 1973 OPEC oil embargo targeting nations that had supported Israel during the Yom Kippur War ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Karnatka
Karnataka (; ISO 15919, ISO: , , also known as Karunāḍu) is a States and union territories of India, state in the southwestern region of India. It was Unification of Karnataka, formed on 1 November 1956, with the passage of the States Reorganisation Act, 1956, States Reorganisation Act. Originally known as Mysore State , it was renamed ''Karnataka'' in 1973. The state corresponds to the Carnatic region. Its capital and largest city is Bangalore, Bengaluru. Karnataka is bordered by the Lakshadweep Sea to the west, Goa to the northwest, Maharashtra to the north, Telangana to the northeast, Andhra Pradesh to the east, Tamil Nadu to the southeast, and Kerala to the southwest. It is the only southern state to have land borders with all of the other four southern Indian sister states. The state covers an area of , or 5.83 percent of the total geographical area of India. It is the List of states and union territories of India by area, sixth-largest Indian state by area. With 61,13 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Udupi District
Udupi district (also Udipi or Odipu in Tulu language) is an administrative subdivision in the Karnataka state of India, with the district headquarters in the city of Udupi. It is situated in the Canara coastal region, there are seven taluks, 233 villages and 21 towns in Udupi district. The three northern tehsils of Udupi, Kundapur and Karkala, were partitioned from Dakshina Kannada district (South Canara) to form Udupi district on 25 August 1997. Moodabidri was officially declared as new tehsil (taluk), separated from Karkala with effect from 11 January 2018. In February 2018, the district was split to into 3 more taluks, with Byndoor being carved out of Kundapur taluk and the Udupi taluk being split into three parts. Along with the initial Udupi taluk, Kapu, Karnataka, Kapu, Brahmavar and Hebri were created. Dinakar Babu and Sheela K Shetty of the Bharatiya Janata Party, Bharatiya Janata Party (BJP) are the current president (Sarpanch) and vice-president of the Udupi Zilla ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Padoor, Karnataka
Padur is a village in the Udupi district of Karnataka Karnataka (; ISO: , , also known as Karunāḍu) is a state in the southwestern region of India. It was formed on 1 November 1956, with the passage of the States Reorganisation Act. Originally known as Mysore State , it was renamed ''Karnat .... It is best known for being one of the locations of the Indian strategic petroleum reserves. References {{reflist Villages in Udupi district ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Visakhapatnam
, image_alt = , image_caption = From top, left to right: Visakhapatnam aerial view, Vizag seaport, Simhachalam Temple, Aerial view of Rushikonda Beach, Beach road, Novotel, Novotel Visakhapatnam, INS Kursura (S20), INS Kursura submarine museum, Vizag skyline, Kambalakonda wildlife sanctuary , etymology = , nickname = The City of DestinyThe Jewel of the East Coast , image_map = , map_caption = , pushpin_map = India Visakhapatnam#India Andhra Pradesh#India#Asia#Earth , pushpin_label_position = left , pushpin_map_alt = , pushpin_map_caption = , coordinates = {{coord, 17, 42, 15, N, 83, 17, 52, E, display=inline,title , subdivision_type = Country , subdivision_name = {{flag, India , subdivision_type1 = States and union territories of India, State , subdivision_name1 = Andhra Pradesh , subdivision_type2 = ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mangalore
Mangalore (), officially known as Mangaluru, is a major port city of the Indian state of Karnataka. It is located between the Arabian Sea and the Western Ghats about west of Bangalore, the state capital, 20 km north of Karnataka–Kerala border, 297 km south of Goa. Mangalore is the state's only city to have all four modes of transport—air, road, rail and sea. The population of the urban agglomeration was 619,664 national census of India. It is known for being one of the locations of the Indian strategic petroleum reserves. The city developed as a port in the Arabian Sea during ancient times, and has since become a major port of India that handles 75 percent of India's coffee and cashew exports. It is also the country's seventh largest container port. Mangalore has been ruled by several major powers, including the Kadambas, Alupas, Vijayanagar Empire, Keladi Nayaks, and the Portuguese. The city was a source of contention between the British a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Strategic Reserve
A strategic reserve is the reserve of a commodity or items that is held back from normal use by governments, organisations, or businesses in pursuance of a particular strategy or to cope with unexpected events. A document issued by the US Department of Defense in 2005 defines a strategic reserve as follows: ''"An external reinforcing force which is not committed in advance to a specific Major Subordinate Command, but which can be deployed to any region for a mission decided at the time by the Major NATO Commander."'' There are several national and international projects aiming to preserve the existing natural wealth and diversity in case of mass extinction or a global catastrophe. The Svalbard Global Seed Vault facility, opened in 2008, focuses on collecting duplicate samples of plant seeds from all around the world and currently contains close to 1 million different agricultural seed samples. The final storage capacity is said to be 4.5 million seed samples. Another such institu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
