A Brief Profile of the Global, European and Russian Oil Industry
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Case Details:
Report Code : BREP022
Report Length : 16 Pages
Period : 1980 - 2004
Organization : -
Pub Date : 2004
Teaching Note : Not Available
Countries : Russia
Industry : Oil & Energy
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Introduction
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The oil industry note examines the evolution, growth and structure of the global
oil industry. It also provides information on the European oil industry in
general and the Russian oil industry in particular.
The note examines the critical factors that shaped the industry over the
decades. It discusses the various problems faced by the industry since the mid
20th century and the measures taken to deal with them. The note then moves on to
discuss in detail the evolution of the Russian oil industry. It covers the
various problems faced by the industry on account of the country's political and
economic instability during the 20th century.
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It also discusses the measures taken by the Russian government and the industry
to overcome these problems.
The note, in association with the ICMR country report 'Country Profile: Russia'is intended to accompany the ICMR case study 'The Russian Oil Giant Yukos:
When Politics and Business Collide.'
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In
addition, it can be used as supporting material for other case studies
pertaining to the global, European and Russian oil industries and the
companies operating in those industries.
Global Oil Industry - A Snapshot
Oil is the most versatile of energy sources available
in the world. It fulfills 40% of the global energy needs, and is
unarguably one of the strongest driving forces responsible for the
development of modern society. It would not be far-fetched to state that
almost every person on the planet uses products that are either derived
from oil, or in which oil is used as a component. |
Oil also provides the raw materials for many essential chemical and industrial products.
Oil (crude oil or petroleum) is a flammable liquid that occurs naturally in deposits, found mostly beneath the surface of the earth.
It is formed from organic material, buried deep within layers of rocks, which decomposes in the absence of oxygen, to form petroleum...
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