PDF U.S. Oil Imports: Context and Considerations

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Browse Media Trends Reports. As of April 1, , the oil refining capacity of India stood at Introduction The oil and gas sector is among the eight core industries in India and plays a major role in influencing decision making for all the other important sections of the economy.

Market Size India is expected to be one of the largest contributors to non-OECD petroleum consumption growth globally. Government Initiatives Some of the major initiatives taken by the Government of India to promote oil and gas sector are: The Government of India is planning to set up around 5, compressed bio gas CBG plants by A gas exchange is planned in order to bring market-driven pricing in the energy market of India and the proposal for the same is ready to be taken to the Union Cabinet, according to Mr Dharmendra Pradhan, Minister of Petroleum and Natural Gas, Government of India.

Highlights

The advantages of the modular refineries include: lower investment costs; being sized for lower local demand; modular fabrication offsite for higher quality, shorter schedule; and possibility for future relocation. The disadvantage in comparison to the traditional larger refineries is that traditional refineries have improved economies of scale, can produce a wider variety of refined products, can be integrated into petrochemical operations, and offer more flexibility UOP, In order to determine the viability of a modular refinery with a production capacity of 30, bpd, it is prudent to first establish what is the current demand or consumption of refined crude oil products, particularly fuel.

To do so, data is readily available on the Guyana Energy Agency website, as illustrated in the table below: Given the above data for , total imports of refined crude products, inclusive of C.

Synthetic fuel

This is therefore a strategic opportunity that Guyana, becoming the next oil producing country in the region, should position itself to advance these avenues and maximise profit. How Guyana can maximise its value from the oil and gas industry through local content. Is agriculture still key in developing economy context?


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U.S. Crude Imports Tracking Tool