China in the last decade has been going under one of the fastest industrial developments in history, with their claims of wanting to build several New York size cities throughout the country, China plans to connect the whole country though the rail system to unify and bring industry to the country as a whole. China biggest growth is in the transportation and textile industry, and in order for the growth to be sustained China relies heavily on the oil important. Even though China relies heavily on outside imports, ch...
The major industry's that make up Taiwan's economy are energy, agriculture, and information technology. These industries have helped Taiwan in reaching number 27 on the all time GDP list. Taiwan’s gross domestic income is at an outstandingly high US$ 474,149,000,000. This shows that Taiwan has been able to use it's resources to produce at an extremely high level. This production hinges on the success of it's major industries.
The Middle East is probably the most important influence on the global petrochemical industry today and will remain so for many years to come. However, prospects of a war in Iraq are raising concerns, and logistical and feedstock challenges could hem in the region's growth. Saudi Basic Industries Corp., or SABIC, the majority of which is owned by the Saudi Arabian government, has grown to 40.6 million metric tons of petrochemical production and sales of $9 billion in 2002 to become the 11th largest petrochemical producer in the world. Iran, through the government-owned National Petrochemical Co., has made its petrochemical industry a strong second to Saudi Arabia. Iranian petrochemical output was 12.5 million metric tones in 2001. A number of other countries in the region, including the United Arab Emirates, Kuwait, Qatar, Oman, and Egypt, have either completed major petrochemical projects or are planning them.
After analyzing the situation, there is a need for the company to invest in the local industry. The best idea is to invest in power generation. The strategy is to involve the company in power generation by scaling up the existing electricity production. Availability of the cheap power will not only support the current local businesses, but will also attract international investors. Also, the huge population of the country will ensure that the power generated is gets ready market. Additionally, the company deals with refining of oil destined for the international company. The gas produced in the refining process can be used to generate electricity rather than just selling the
Singapore acts as a role of an entrepôt for Southeast Asia due to their strategic location, port infrastructure and highly skilled workforce. Singapore also purchases raw materials from other country and then refine the product into a better product to re-export. The reason for Singapore to do this is because of the lack of human and natural resources.
Singapore has only a small number of natural resources, so it relies on its human capital as an advantage which is well-known globally and also known to be a skilled work force. Another advantage that Singapore has is its prime location in where the tiny island is located. This have given the people an edge of being a busy port, placing itself as the leader of the trading hub and logistics
There are many benefits to the refinery mentioned in “Rare Earth Plant Ready, But in a Glut” being opened, it would help meet the demand of the metals and it would open jobs for people who need them. This new company would help bring more money into their economy, which can open the door for more businesses to come to their area. This business can have a positive effect on the economy but a negative effect on the environment and health conditions.
HU, Vicky (2005). «The Chinese Economic of HD Biosciences Co.». In: X Jornada d’Economia de Caixa Manresa (2005: Manresa)
Recent years, government have been focusing on the importance of innovative ideas towards a greener future as there is an increase attention towards environmental consciousness among social groups working towards sustainability of the environment. Funding and incentive scheme has been setup by the government authorities to help various companies to work towards a clean and green city that could help with future economic growth in Singapore. A total of 35 government funding
The largest world supplier oil company is Saudi Aramco. It is the most profitable company on the earth. Since it is the most powerful oil company, it has a great impact on the world economy. As a result, a strong international relationship was built with the Kingdom of Saudi Arabia. In addition, the strong developing of international relationship with other industrial countries resulted in massive contributions to the politics, economy, and many different aspects. In 1933, Saudi government bestowed oil concession to California Arabian Standard Oil Company (Chevron). The main factor for this grant was to explore the oil in the eastern region of the Kingdom of Saudi Arabia. After discovering a huge amount of oil, part of the grant was sold to other American oil companies in order to cooperate with each other to do more exploration and to deal with such a big job. In 1948, all these American companies were incorporated into Arabian American Oil Company (Aramco) shared 50% of its profits with Saudi government. Furthermore, the company’s shares had been acquiring by Saudi government to gain 100% of its ownership. In 1988, the name changed to Saudi Aramco. The Headquarter of Saudi Aramoc is located in Dhahran, a city in eastern region of Saudi Arabia. Saudi Aramco produces 10 million barrels of oil each day. The history of Saudi Aramco went through three major periods: exploring oil, interconnecting with the USA, and contributing to other many universal events.
Looking back on the history of Singapore its hard not to sit back and rivet at all the progression and improvement that have made Singapore a more relaxing and astonishing haven and must-see destination. Starting chronologically, from the Sanskrit words “simha” (lion) and “pura” (city) Singapore or Singapura, the “lion City” shows the rich history and the beginning of a new era that Singapore went through, and describes the city-state and the city life of people whom live or visit Singapore. We then move into how the city-state flourished as a trading post for a lot of sea vessels, which include Chinese junks, Portuguese battleships, and Indian vessels. The nineteenth century was an important time for Singapore because it was when modern Singapore was founded. On January 29, 1819 Sir Thomas Raffles (the...
Gibling C. 2013. Construction Process and Post Construction Impacts of the Palm Jumeirah in Dubai, United Arab Emirates. Memorial University.
Since it lacks of natural resources, Singapore needs to import mainly its sources from Malaysia especially fresh water. Malaysia also is the second largest export market after Hong Kong (11.6%). Other major trade partners are United States, Indonesia, China, and Japan. The major exports are machinery and equipment (including electronics and transport), consumer goods, chemicals, telecommunication apparatus, pharmaceuticals, and mineral fuels. With the activeness of the government in negotiating the eight free tra...
Thai Oil Limited Company is a subsidiary company of PTT Thai group Limited Company which is a corporate company established in Thailand. Moreover, PTT Thai group is the biggest shareholder (49.1% of shareholder ratio) of the issued and paid-up capital of the company. Thai Oil is the firm of petroleum refinery specifically in Complex Refinery produced in high modern tech-nology and relevant to involved chain petrochemical firm. The major market is the national market guaranteed with one of the most efficient oil refinery companies in South-east Pacific. Presently, the oil refinery produce capacity is approximately 275,000 barrel per day (25% of the whole nation oil refinery). Additionally, Thai Oil also involves in the other kinds of the business by the shareholder, for example, power producing business, fundamental petroleum business, Paraxylene producing business, petroleum and chemical petroleum products marine transportation, chemical petroleum pipe transportation, as well as the consulting of energy. Thai Oil Group’s integrated business com-prise of the following sectors; Petroleum Refinery Business (TOP), Petrochemical Business(TPX), Lube Base Petroleum Business, Solvent and Chemical Products Business(TOS/TS/SKAV/TSV), Power Generation(TP/TOPSPP/GPSC), Transportation Business(TM/THAPPLINE), and Manufacture of Ethanol Business(TET). Therefore, Thai Oil also has managed the concept of CSR principle into business strategy. Apart from running business by taking the safety of society
Ranked among the FORTUNE Global 500® largest corporations in the world, Petroliam Nasional Berhad, most commonly known as PETRONAS, is a Malaysian state-owned oil and gas company which ventures into a wide range of petroleum activities. Established in the year 1974, PETRONAS was incorporated alongside the enforcement of the Petroleum Development Act 1974 (Malaysian Explorer, 2012). Today, being owned entirely by the Malaysian government under the Ministry of Finance, PETRONAS is entrusted with the responsibility to manage the entire nation’s hydrocarbon resources (Rig Zone, 2013) and to ensure the sustainability and orderliness of the country’s oil and gas industry is prolonged.