Introduction Of Crude Oil Industry

Published Date: 02 Nov 2017

A mixture of hydrocarbons that exists in fluid stage in regular underground stores and remains fluid at barometrical force in the wake of passing through surface splitting offices. Relying on the qualities of the unrefined stream, it might likewise incorporate 1. Modest measures of hydrocarbons that exist in vaporous stage in common underground repositories however are fluid at environmental force in the wake of being recuperated from oil well (packaging head) gas in lease separators and are in this manner coexisted with the unrefined stream without being in parts measured. Lease condensate recouped as a fluid from regular gas wells in lease or field partition offices and later blended into the unrefined stream is likewise incorporated; 2. Little measures of non-hydrocarbons processed with the oil, for example sulfur and different metals; 3. Dribble gases, and fluid hydrocarbons generated from tar sands, oil sands, gilsonite, and oil shale. Fluids generated at regular gas handling plants are rejected. Raw petroleum is refined to prepare a wide show of petroleum features, incorporating warming oils; fuel, diesel and plane energizes; oils; pavement; ethane, propane, and butane; and numerous different features utilized for their vigor or substance.

http://www.eia.gov/dnav/ng/TblDefs/ng_enr_wellend_tbldef2.asp

http://www.indexmundi.com/energy.aspx?country=lk&product=oil&graph=consumption

Profile, Vision & Mission, Milestones, Founder of the selected companies:

Ceylon Petroleum Corporation

Brief profile:

Ceylon Petroleum Corporation limited was established under a state wander by Act. Number .28 of 1961 in the Parliament and further modifications finished likewise.

The principle targets of the Ceylon Petroleum Corporation are this:

To bear on business as a shipper, exporter, vender, supplier and wholesaler of Petroleum items. To bear on business of investigating for the misusing, preparing, and refining of Petroleum and to bear on any such business as may be coincidental or helpful to the achievement of the targets.

Vision

To be the most premier customer oriented, environmental friendly, enterprise in the petroleum sector and petroleum related industries in the region as well as contributing towards the prosperity of the nation.

Mission

To achieve excellence in refining the petroleum, sales and marketing of high end quality products and to meet the expectations of the their stakeholders through a specialized team of professionals and a trust worthy and efficient dealer network and by providing total solutions and services more than customers’ expectations, Besides utilizing a high end technology for the growth and development of enterprise with employee participation and innovation by the way of maintaining high ethical norms in all the activities performed and with highest concern for health, environment, and safety of the society.

Management Body of the company:

Chairman: Mr. TilakCollure

Chief Executive officer: Ashroffomar

Director: Aslamomar

Director: Firozomar

Director: AjitJohnpillai

Directoe: UdenaWickremasooriya

Finance Director: TrevineJayasekara

Director (Non- Executive): Priyan Fernando

http://www.ceypetco.gov.lk/index.html

Lanka Indian Oil Corporation Limited

Brief Profile

Lanka IOC PLC is an abroad wander of Indian Oil Corporation Ltd., India which is a Fortune 500 association with a standing of 98th on the Fortune Global 500 posting (2011). The association is essentially occupied with managing retail petrol stations. The association is occupied with importing, trading, archiving, circulating, pitching and supplying petroleum features. LIOC basically advertises petroleum features in mass supply to modern purchasers, fabricating and managing space offices at the Trincomalee Tank ranch. The companionship's characteristic portfolio fuses Branded Fuels, Auto Fuels, and Marine Fuels and Feed Stock, Servo Lubricants and Greases, Petro Chemicals and Specialties, and Rubber Process Oils. In addition, the association holds one third of the portion in Ceylon Petroleum Storage Terminals Ltd. for space and appropriation of petroleum items. The association is headquartered in Colombo, Sri Lanka.

Lanka IOC PLC is an open risk association recorded in the Colombo Stock Exchange with a turnover of SL Rs.51.74 billion for the year 2010-11. Lanka IOC PLC has been stacked up as No.1 near corporate in Sri Lanka by LMD (Lanka Monthly Digest – a business magazine) for 3 sequential years.

http://www.ceypetco.gov.lk/about.htm

http://www.energy-business-review.com/companies/a-z/l

Vision

A major integrated Energy Company, with a strong environment conscience playing a national role in oil security.

Mission

To achieve and maintain international standards of excellence in all the aspects of petroleum with focus on consumer delight by delivering value products and cost reduction and services.

To maximize creation of wealth, value as well as satisfying the stakeholder.

To attain leadership in developing, adopting and developing state of the art technology for competitive advantage.

To provide technology and services through research and development.

To bring up a culture of participation and innovation for employee growth and contribution.

To cultivate high standard of business ethics and total quality management for a strong corporate identify and brand equity.

To help in enriching the quality of life of the people and maintain ecological balance and heritage through a strong environment conscience.

Key Employees

RajanieBalakrishananSecretary

S.S. PanditaSenior Vice President - Engineering

G. C. DagaChairman

V. SakthivelSenior Vice President - Lubes Marketing & Production

C.M. ChandrakandanSenior Vice President - Ops &LBP

H ManshaniSenior Vice President - Operations and Hr

K.R. Suresh Kumar Director, Managing Director

H S BediDirector

N K. ModiVice President - Finance

Lakshman R. WattawalaDirector

JaliyaMedagamaDirector

P K GoyalDirector

http://www.lankaioc.net/

Cairn Lanka Private Limited

BRIEF PROFILE

Cairn Lanka (Private) Limited is a wholly claimed subsidiary of Cairn India Limited. Cairn Lanka has engage in piece SL 2007-01-001, which untruths in the North West Sri Lanka Offshore. Cairn Lanka is the driver with 100.00% taking part investment. Cairn India is one of the biggest private investigation and Production Company presently working in India. The story started in 1979, when Sir Bill Gammell, our previous administrator, established Cairn Energy PLC. In 1988, the association was recorded on the London Stock Exchange.

As the Indian oil and gas advertise deregulated in the early 1990s, Cairn's center turned to this area, obtaining Command Petroleum Ltd in 1996, an Australian-cited association with hobbies in South Asia. Cairn has been working in India since 1991 and has played an animated part in improving the oil and gas assets in the nation. Ravva in eastern India was the first seaward oil and gas field to be advanced Cairn included the Manngala oil field situated in Rajasthan to its holdings and this, plus the different revelations in Rajasthan, now shape the center of time to come development method of Cairn in India in 2007, Cairn India Limited was recorded on the BSE and the NSE of India. In FY 2010 - 11, Cairn Energy PLC consented to advertise a considerable part of its shareholding in the Company to Vedanta Resources plc and its subsidiaries. In FY2011-12, Vedanta Resources plc on top of its subsidiaries ended up being the dominant part shareholders of the Company. In this way, Cairn India is currently part of the Vedanta Group, an universally enhanced regular assets gather with colossal diversions in aluminium, copper, zinc, lead, silver, iron mineral, and what not.

Cairn India’s Vision is:

Become a global, world class E&P company

Establish a diversified & sustainable portfolio

Deliver long term value to host Governments, Local Communities and all stakeholders

http://en.wikipedia.org/wiki/Cairn_India

Value

PIONEERING SPIRIT

TEAMWORK

RESPECT

OWNERSHIP

Founder of the Cairn Lanka Private LimitedSIR BILL GAMMELL

Key Employees

Navin Agarwal Chairman

P Elango Interim CEO and Whole Time Director

Edward Story Non-Executive and Independent Director

Naresh Chandra Non-Executive and Independent Director

Aman Mehta Non-Executive and Independent Director

Dr. OmkarGoswami Non-Executive and Independent Director

Tarun Jain Non-Executive Director

Priya Agarwal Non-Executive Director

BRIEF HISTORY OF PETROLEUM INDUSTRY IN SRI LANKA

http://www.cpstl.lk/history.html

Commercial energy (petroleum and electricity) intensity is an indicator of a country’s energy Utilisation with respect to the national output (measured in terms of Gross Domestic Product- GDP). Low commercial energy intensity would suggest stringent use of energy for economic activities. In 2007, commercial energy intensity reduced to 13.12 toe/GDP LKR Million from previous year’s figure of 13.19 toe/GDP LKR Million, and it is the lowest recorded commercial energy intensity after year 2000. This can be noticed from the improvements of commercial energy intensity index. High energy prices, energy conservation promotion and autonomous energy efficiency improvement can be mentioned as probable reasons for this improvement. The national level energy conservation programs launched in 2006 was continued during the year. The indices discussed above aptly reflect the achievements of these programs.

In the year 1961, the Government of Sri Lanka passed the Ceylon Petroleum Corporation Act No.28 of 1961 created the Petroleum Corporation by remembering this destinations they are : "To bear on business as anSupplier or wholesaler of petroleum shipper, , to bear on the business of investigating for, exporter, sellerthe abusing, generating and refining of petroleum to bear on any such business as may be accidental or favorable to the accomplishment of the aforementioned targets"

The organization dropped in the business of importing and showcasing petroleum features in April the year 1962 rivalry with, Esso,Shell and Caltex Oil Companies who were working in the blue grass around then of the growth of the Corporation. As

the Companies were unable to import emphasizes at shabbier expenses, the Corporation by Government decision gathered control the business of import and

inside transport of oil in 1964. To certification typical supplies and screen remote exchange the organization collected a refinery in 1968 at

of Rs 175 Million or 17 crores 50 lakhs and started preparing in the year 1969. Another huge movement that was finalized in

the Lubricating Oil Blending Plant was privatized in December 1992 and it is right away guaranteed and worked by the lanka Lubricants Limited.

Associations in 1971 and 1972 exclusively, and with this the right to import, convey prod supply or course petroleum of any class

vested in the association. The bunkering business is right now being finished by the lanka marine governments (Pvt) Ltd. which is own by the

Ceylon Petroleum Corporation. The association dropped in the agro engineered business in 1969, in contention with the private territory, with a viewpoint

business Agro-substance offer at sensible costs.The GOSL decided to change the petroleum fragment in 2003 and respected the Government of India to

take an interest in the downstream retail showcasing of peroleum by offering China Bay tank grow on long lease. The reason of liberalization was to

utmost the showcasing acquaintanceships to three fora beginning time of five years and the foundation of Common User Facility affiliation called "Ceylon

Petroleum Storage Terminals Limited" (CPSTL) to administer the space and appropriation foundation of CPC embodying Kolonnawa and Muthurajawella Installations, all mass stations island wide.

http://www.cpstl.lk/history.html

1.2 Role in the Economy of Selected Country

1. Contribution of GDP and GNP of crude oil Industry in Sri-Lanka

Year

GDP (in %)

Year

GDP (in %)

2002

3.25

2007

2.58

2003

3.11

2008

3.09

2004

2.85

2009

3.01

2005

2.79

2010

2.82

2006

2.87

2011

3.01

The Gross Domestic Product of Sri Lanka was 59.17 billion US $ in the year 2011. The GDP worth of Sri Lanka represents 0.10 percent of the planet economy. GDP in Sri Lanka is explained by the World Bank. Unquestionably, from 1960 until 2011, Sri Lanka GDP discovered the center quality of 11.4 USD Billion landing at an untouched uplifted of 59.2 US $ Billion in December, 2011 and a record level of 1.4 US$ Billion in December, 1960. The Gross tamed thing (GDP) measures of national wages and yield for a given nation's economy. The horrible residential item (GDP) is equivalent to the sum consumptions for all last merchandise and benefits handled inside the nation in a stipulated time of time. This page incorporates a diagram with recorded information for Sri Lanka GDP.

http://kushnirs.org/macroeconomics/gdp/gdp_sri_lanka.html

Contribution of GNP of crude oil Industry in Sri-Lanka:

Year

GNP(Billion)

Year

GNP(Billion)

1982

$14.1

1996

$38.2

1984

$16.1

1998

$43.6

1986

$19.1

2000

$49.8

1988

$21.2

2002

$53.4

1990

$24.7

2004

$63

1992

$28.8

2006

$76.4

1994

$14.1

2008

$89.9

Gross National Product (GNP) is the sum quality of all last products and benefits generated inside a country in a specific year, in addition to earnings earned by its nationals less salary of non-inhabitants found in the country.GNP measures the quality of products and benefits that the nation's nationals handled paying little mind to their area. GNP is one measure of the budgetary state of a nation, under the presumption that a higher GNP prompts a higher nature of living, all different things being equivalent.

Gross National Product in Sri Lanka expanded to 6470617 LKR Million in 2011 from 5534327 LKR Million in 2010. Gross National Product in Sri Lanka is accounted for by the Central Bank of Sri Lanka. Truly, from 1950 until 2011, Sri Lanka Gross National Product arrived at the midpoint of 840878.18 LKR Million arriving at a record-breaking elevated of 6470617 LKR Million in June of 2011 and a record flat of 4115 LKR Million in June of 1950. This page incorporates a graph with authentic information for Sri Lanka Gross National Product.

http://www.tradingeconomics.com/sri-lanka/gross-national-product

http://www.tradechakra.com/economy/sri-lanka/gnp-of-sri-lanka-339.php

Contribution in National Income of selected country

Particular

2010

2011

GNI ($ Billion)

49

59

GNI Per capita income

2349

2804

Share in the world GNI, (in %)

0.77

0.84

Growth rate of GNI, %

119.5

120.4

3. Contribution in Budget Income of selected country:

The budgeted income of the Sri-Lanka of last Budget is $8.495 billion

Contribution in Foreign Investment of selected country:

Investment policies in Sri Lanka have been restructured to attract foreign investment. In addition, Sri Lanka was one of the longest democratic traditions in the region and over the past 20 years, successive governments have followed free market policies and continued to liberalize the economy. There are no restrictions on the repatriation of earnings, profits, and capital proceeds.

Sri Lanka offers an attractive package of fiscal incentives to foreign and local investment. Foreign investment is encouraged in enterprises, which involve extensive use of foreign capital or sophisticated technology, in export-oriented manufacturing, and in large- scale infrastructure projects.

Sri Lanka's FDI rushes in the first six months of 2008 arrived at 425 million US dollars. As per Board of Investment gauges, in 2008, the administrations area pulled in 362.3 million dollar worth of ventures, with telecom heading with 290.7 million dollars accompanied by force era with 46 million dollars. Property advancement had acquired 7.2 million dollars, inns 2.07 million, different administrations 7.5 million and business process outsourcing (BPO) and qualified data engineering 9.05 million dollars. Sri Lanka needs remote administer venture to more than fourfold to $4 billion by 2012.

2.1 Organization Structure or Industry Structure

1. Unorganized or organized (Proportion, trend Etc.):

In Oil industry organized and unorganized sectors are as under:

The oil industry is totally organized structure.

Organized Structure Type

Oil Industry

Percentage

Unorganized

Organized

100%

2. Type of Organization Structure:

In Oil industry types of organized structure as under:

The oil industry is having centralized organization structure. [1] the centralized structure is one where organization is having one point for control and policy. It benefits the organization by improving efficiency, reducing cost and giving constant policies and procedures.

Type of Structure

Oil Industry

Centralized

Decentralized

https://www.wikipedia.org