Oil Is A Non Replenishable Source

Economic Overview: Although Russia is one of the BRICs’ countries; it is showing some weakness over the last years with the Euro crisis. The country suffered with economic problems that made its economy to slow the foreign demand. With the weaker foreign demand and the domestic fiscal consolidation made the output growth reduced to 3.4% in 2012. The weakness extended to 2013, with first quarter real GDP falling 1.1% from the previous period, reducing 12-month growth to 1.1%, the lowest rate since 2009. In this scenario, the investment in opening a BFSI in Russia would bring really bad results in terms of profits. In addition, the inflation in Russia rose up to 7.2% in April 2013. The final reason why Russia is going to provide a bad economic perspective to our company is direct related with the crisis in Ukraine. With this crisis, Russia would suffer a major recession and is being strongly affected due to its high dependence on energy supplies via Ukraine .

Coal, crude oil, and natural gas are all considered fossil fuels because they were formed from the buried remains of plants and animals that lived millions of years ago.

The main usages of petroleum are bunker fuel, detergent, jet fuel, diesel fuel, heating oil, paint, photographic film, food additives, make up, medicine, and candles etc. Actually, the petroleum usages are very broad. If the country is experiencing oil shortage, everything must be very expensive. You may eat some food with food additives, which is a material from petroleum, in your stomach, even though you do not drive or travel around the world by airplanes. Moreover, petroleum has a lot of advantages to generate electricity. It is easy to transport and store because it is a liquid. Compared with natural gas, natural gas is hard to extract and store because it is gas. Natural gas requires higher technology to extract and store it. Moreover, the density of petroleum is higher than natural gas and coal. We can save more room to store petroleum. For government’s aspect, they may want to use some energy, which are stable and easy to store. Although the renewable energy is unlimited and eco-friendly, the costs of built and operate it are expensive. So, the fossil fuels are the best energy for us to use now. Peak oil crises affect our life, and we cannot find any energy to replace it.

The present study is intended to analyse the relationship between oil prices fluctuations and its role on GDP growth of United States economy. Oil crisis is prevailing in almost all developed and emerging nations for more than 40 years. Remarkable increase in oil prices have commenced from 2001 and decrease in prices was observed in 2008 during financial crisis. During decreased demand in Dec 2008, the crude oil prices dropped from 145 USD to 33 USD. However, soon prices started to rise sharply as then before. Oil caters 36% of US energy demand currently (Kilian, 2008). Oil is reported as main mover for US economy as 70% were consumed for transportation and rest 24% for industry and manufacturing and final 5% for commercial and residential sectors. The primary oil consumption rate continues to rise linearly and achieved its peak during 2008 and 2009.

Turkey has 81 provinces, with approximately 20 major cities populating millions, and continues to grow each year. Turkey’s rising middle class has resulted in an explosion of consumer demand. The country is home to a young, educated labor force with over half of the population under the age of thirty; this makes the market huge and dynamic for international investors. Over the last year Turkish firms and individuals invested $228 million dollars in the U.S. In 2014, Turkey’s imports from the U.S. reached $11.6 billion. While this was a slight decline from 2013 ($12 billion) and record-breaking 2011 ($14.7 billion), total U.S.-Turkey trade remained at a near record of $19 billion. Over 1,000 small, medium and large U.S. firms have already opened offices in Turkey. Given its close proximity to markets in Europe, the Middle East, and Central Asia, Turkey serves as a regional hub for many of these firms (U.S. Embassy & Consulates in Turkey, Why Turkey?).

Research period will be is (January 2014- July 2014), where I will focus in the details of Tatweer Company including oil production, gas production and how they try to meet their visions.

After reviewing the country study that was presented to the CEO of Shell Oil, Shell Oil has decided to proceed with the recommendation to expand to Albania. With expectation, Shell Oil has to take into consideration the socio-culture to determine strategies that need to be in place. Shell Oil needs to take into consideration demographic trends to Informal trade barriers.

World oil demand is increasing as emerging economies need more energy to increase their living standards. Estimates, shown below, are that by 2030, China and India as emerging markets will import over 70% to 90% of their fossil fuel needs (1) . Coupled to a continued high and growing demand for oil, makes this a robust market for the next 30 years.

78% of Turkey’s overall Foreign Direct Investment (FDI) comes from the EU. It’s become an investment base for European businesses with increasing integration into the EU’s supply and production chain. Even UK politicians have taken note of the country’s promise and are keen to emphasise the opportunities that exist in

Turkey aims to increase production of oil and gas and become a major energy hub in the next 10 to 15 years.

The Egyptian oil and gas industry supplies vitality and key chemicals for homes, commercial enterprises, and transport, and subsequently assumes a key part in the Egyptian economy. It gives around 87% of Egypt 's essential vitality and records for around 35% of Egypt 's fare incomes (EIA, 2013). By the by, the amalgamation of considerable increment in local utilization of vitality, wasteful government appropriations on petroleum items, colossal spending plan deficiency, omnipresent assaults on gas pipelines and consistent political agitation, implies that Egypt oil and gas industry is confronting overflowing difficulties which will be felt for quite a long time to come. Egypt is the 63rd biggest send out economy on the planet and the 68th

ANALYSIS OF OIL AND GAS MARKETING SECTOR- AN OVERVEW OF ITS GROWTH OVER THE LAST FIVE YEARS (2001 – 2005)

Azerbaijan is an oil-rich country whose gross national income per capita has increased approximately ten times since 2001. Economic growth has been driven by the exploration and development of oil and gas reserves, high levels of public expenditure, and state reforms to support a market-based economy. Despite significant growth, the economy of Azerbaijan remains largely dependent on the extraction and production of oil, which amounted to about 40% of GDP, 95% of national exports and 64 % of total fiscal revenues in 2013-2014.

Even though it has caused Ghana 's economic growth to slow, Ghana 's economy has been able to persevere through the global recession. This is through the exportation of oil. (Isser) In recent years Ghana 's industrial sector has grown consistently especially in 2011 with 36% increase. Besides oil, mining and quarrying have been quite productive by growing by over 250%. Ghana happens to be a large exporter of plastics and electronic goods, as it is home to Volto Aluminum Company (VALCO), a large distributor of electronic goods (AEO.) It is expected that Ghana has a fruitful future when discussing oil. It is "on the verge" of being a significant producer of oil. (GPJ)

Oil is one of main energies, in an oil rich country, it can lead to the precondition of country’s economic and social developments. First of all oil producing is an important finical source of a national treasury. There is one of hug oil producing country---Kazakhstan. It has a large land and long distance between Europe and Asia. It at 18th place of oil producing in the world. Such as sold over 77 million tonnes oil , if oil price above $40