Search results
Results From The WOW.Com Content Network
On 1 January 2012, the Nigerian government headed by president Goodluck Ebele Jonathan, tried to cease the subsidy on petrol and deregulate the oil prices by announcing the new price for petrol as US$0.88/litre from the old subsidised price of US$0.406/litre (LAGOS), which in areas distant from Lagos petrol was priced at US$1.25/litre.
India is the second biggest oil importer after China and is highly dependent on imported crude oil. [1] The net imports of crude oil rose from 171.73 Mt during 2011–12 to 226.95 Mt during 2020–21. The net imports of natural gas increased from 18 BCM in 2011–12 to 32.86 BCM in 2020–21, recording a CAGR of 9.44%.
The oil prices were seen rising to hit $71.38 per barrel in March 2021, marking the highest since the beginning of the pandemic in January 2020. [116] The oil price rise followed a missile drone attack on Saudi Arabia's Aramco oil facility by Yemen’s Houthi rebels. [117] The United States said it was committed to defending Saudi Arabia. [118]
Comparison of proven oil reserves from some widely used sources (billions of barrels, 2021) Source. Canada. Iran. Iraq. Russia. Saudi Arabia. United States. Venezuela.
The Iran–Pakistan gas pipeline, also known as the Peace pipeline, or IP Gas, [2] is an under-construction 2,775-kilometre (1,724 mi) pipeline to deliver natural gas from Iran to Pakistan. Although construction of the pipeline began in 2011, the Pakistani government did not officially approve its work until 2024. [3][4]
The retail price of diesel is 101.00 Rs/liter in 2021–22, and the retail price of petrol was 110.00 ₹/liter. The affordable electricity retail price (860 kcal/kWh at 75% input electricity to shaft power conversion efficiency) to replace diesel (lower heating value 8572 kcal/liter at 40% fuel energy to crankshaft conversion efficiency ) is ...
It is located in Punjab Province, which area is located approximately 135 km southwest of the capital city of Islamabad. In 1964 the first well was drilled and commercial production started in 1967. There are about 60 million barrels of oil in place of which 12%-15% is recoverable. At its peak during 1986, the field was producing approximately ...
The Indian basket of Crude Oil represents a derived basket comprising Sour grade (Oman and Dubai average) and Sweet grade (Brent Dated) of Crude oil processed in Indian refineries. During the year 2018-19,the ratio is 75.50 : 24.50 (Dubai : Brent respectively) [2] and during the year 2017-2018, the ratio was 74.77 : 25.23 (Dubai : Brent).