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Oil Exploration: Sri Lanka has opened an international bidding round to explore and produce oil and natural gas in two blocks in the Mannar and Cauvery Basins. According to the Petroleum Resources Development Secretariat, the bids for the Mannar Basin's M1 block and its northern neighbor, the Cauvery Basin's C1 block, will close on July 15, 2019.
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Caltex began in 1936 as the California Texas Oil Company, a joint venture between the Texas Company (later named Texaco) and Standard Oil of California (later named Chevron Corp.) to market oil from newly gained concessions in Bahrain.It was renamed Caltex Petroleum Corp. in 1968. The two parent companies merged in 2001 to form ChevronTexaco (renamed Chevron in 2005) and Caltex remains one of
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Publications of the Department could be purchased from the Sales Counter at Data Dissemination Unit. The Department also has a library where a large collection of both local and international documents are available for public use.
Petroleum industry in Iran
Iran is an energy superpower and the Petroleum industry in Iran plays an important part in it. In 2004 Iran produced 5.1 percent of the world's total crude oil (3.9 million barrels (620,000 m 3) per day), which generated revenues of US$25 billion to US$30 billion and was the country's primary source of foreign currency.
Gasoline and diesel usage and pricing
Crude oil is the greatest contributing factor when it comes to the price of gasoline. This includes the resources it takes for exploration, to remove it from the ground, and transport it. Between 2004 and 2008, there was an increase in fuel costs due in large part to a worldwide increase in demand for crude oil.
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Petroleum industry in Azerbaijan
The petroleum industry in Azerbaijan produces about 873,260 barrels (138,837 m 3) of oil per day and 29 billion cubic meters of gas per year as of 2013. Azerbaijan is one of the birthplaces of the oil industry.Its history is linked to the fortunes of petroleum.It is poised to become an important oil and gas producer once again.
Saudi Arabia-United States relations
The Saudis' increase of oil production to stabilize the oil price and the support of anti-communism have all contributed to closer relations with the U.S. In January 1979, the U.S. sent F-15 fighters to Saudi Arabia for further protection from communism.
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