Oman's oil industry aims to emergence domestic production. In late 1994, plans to spend $4 one jillion million in oil exploration and instruction through 1999 were announced. round 18 per cent of this amount is targeted for exploration, 44 per cent for the development and inst anyation of production facilities, and the remaining 38 per cent for in operation(p) expenses.
In 1996, total oil production reached around 893,000 barrels per day ( gun barrel/d), up from somewhat 861,000 bbl/d for 1995. For the scratch 10 months of 1997, oil production leveled off at 894,000 bbl/d (Oman, 1997).
Mexico's proven oil reserves were estimated at approximately 48 billi
Oman, (1997, Nov. 13), The European, 32-37
Kaplow, L. (1998, Oct.
18), Still over a barrel: Middle East price doze off could lead to Kuwaiti lean times, The Atlanta Journal and Constitution, G2
Pemex controls all areas of the oil and gas sectors, and provides a major source of organization revenues. Pemex has a monopoly over exploration, development, refining, transportation, storage, and distribution of the country's hydrocarbons, and this monopoly is guaranteed by Article 27 of Mexico's Constitution ("Oil cut pledge" 1998).
In 1998, Mexico produced about 3.52 million barrels per day (bbl/d), of which 3.07 million bbl/d was crude, and consumed about 1.9 million bbl/d. Net oil exports amounted to 1.5 million bbl/d, of which 1.33 went to the United States. Crude oil production increase by about 2.4% over 1997 levels, following a 5% increase from 1996.
Pemex, Mexico's state oil company, is the world's sixth largest oil company, the wholeness most important entity in the Mexi
Order your essay at Orderessay and get a 100% original and high-quality custom paper within the required time frame.
No comments:
Post a Comment