Fossil Fuels

Download Oil & Gas Databook for Developing Countries: With Special by Derek Fee PDF

By Derek Fee

ISBN-10: 9401086990

ISBN-13: 9789401086998

The oil crises of 1973 and 1979 have had a profound influence at the economies of the fewer built nations (LDCs). The African, Carib­ bean and Pacific (ACP) nations linked to the ecu Com­ munity as joint signatories of the Lome conventions have suffered in equivalent degree with different LDCs. power, due to its contribution to nationwide improvement, is of fundamental significance to the ACP nations and because oil kinds the foundation of the power quarter in those international locations any raise in fee ends up in significant monetary knock-on results. the bulk, over 90%, of the ACP nations are power importers, that implies oil importers. Their economies are established generally on agriculture which typically contributes so much to overall GDP. Exports from those international locations are typically fundamental commodities corresponding to espresso, cotton, tea, cereals, tobacco, copper, zinc, lead, cobalt and so forth. In many of the ACP countries, exports of commodities include over four-fifths of overall item exports. Imports, in the meantime, consist quite often of capital items (including shipping equipment), manufactures, petroleum and meals­ stuffs. a result of overseas recession, falling commodity costs and the rise in crude oil costs, the stability of funds place of those nations has deteriorated sharply over the last few years. The ensuing scarcity of foreign currency echange prevents many countries from uploading adequate uncooked fabrics and capital gear for his or her industries. hence, plant utilisation charges are working at very low levels.

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Extra info for Oil & Gas Databook for Developing Countries: With Special Reference to the ACP Countries

Sample text

R ::l ..... til G1 OJ 0.. OJ ::l 0 w CD 18 18 20,775 13 15,822 21,039 21 ,039 176 11 484 19 19 11 Na 1,085 174 9 15 584 2,601 25 620 11,117 ,117 154 12 435 22 12 8 Na 954 146 8 18 577 2,611 26 642 1,488 160 7 228 13 10 8 Na 479 131 8 14 515 1,558 22 498 1,410 Na 637 93 347 71 689 629 Na 861 106 353 56 651 618 495 85 431 47 549 405 Na 817 19 202 157 1,147 428 16 182 85 1,906 344 10 230 70 1,433 Na 25,854 19 Na 191 7 547 19 25 12 792 187 8 17 661 2,819 32 722 1,849 648 141 216 114 756 624 683 21 202 202 1,030 Source: United Nations Yearbook of World Energy Statistics 1981.

However, the World Bank in its 'Accelerated Programme Report' (5) suggested that 8 to 10 technical assistance loans per year should be made to this sector. The same report suggested several alternatives as to how the Bank could assist in the area of exploratory drilling. However, the overriding objective of the assistance is intended to be the attraction of foreign private finance into the search for petroleum. There are three main avenues open for financement: firstly there is the so-called 'Letter of Co-operation' which was initially used in Pakistan to support an exploration programme by Gulf Oil.

A. 12: Crude Oil Consumption of the ACP Countries (1970-1981). + '1 ..... ::r ::l ..... til G1 OJ 0.. OJ ::l 0 w CD 18 18 20,775 13 15,822 21,039 21 ,039 176 11 484 19 19 11 Na 1,085 174 9 15 584 2,601 25 620 11,117 ,117 154 12 435 22 12 8 Na 954 146 8 18 577 2,611 26 642 1,488 160 7 228 13 10 8 Na 479 131 8 14 515 1,558 22 498 1,410 Na 637 93 347 71 689 629 Na 861 106 353 56 651 618 495 85 431 47 549 405 Na 817 19 202 157 1,147 428 16 182 85 1,906 344 10 230 70 1,433 Na 25,854 19 Na 191 7 547 19 25 12 792 187 8 17 661 2,819 32 722 1,849 648 141 216 114 756 624 683 21 202 202 1,030 Source: United Nations Yearbook of World Energy Statistics 1981.

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