global oil crisis.pptx

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PRESENTATION NAME

Presented by,

Ipsita Mishra-311sm1012Madhawai Rajan-311sm1019Manshwini Dash-311sm1005

Global oil crisis: Impacton Iran and other

Countries.


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PEAK OIL

Peak oil refers to

the point in time

when themaximum rate of


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Consumption of oilglobally


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Peak oil on Alaska


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Increasing price of oil


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Problems faced by Iran Iran is developing nuclear weapons for peaceful

purpose as told my Iran but it is not believed by therest of the global community.

Iran states the purpose of its nuclear program is thegeneration of power

Iran is against mass destruction as it is againstIslamic religious principles. Iran claims that nuclearpower is necessary for a booming population andrapidly-industrialising nation. It points to the factthat Iran's population has more than doubled in 20years, the country regularly imports gasoline andelectricity, and that burning fossil fuel in large

amounts harms Iran's environment drastically. Iran is working on nuclear program but US warned

him to stop nuclear program but iran doesn't want tostop nuclear program.US told to all other countriesto stop all types of business relation with Iran. Sothat Iran cant continue his nuclear program due to

shortage of finance on country this can also lead toglobal oil crisis.


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CURRENT EXPORTERS &IMPORTERS

v EXPORTERS:

Iran: 151.2 bpd

Iraq:143.1bpd

Kuwait:101.5bpd

Saudi Arabia:264.5bpd

UAE:97.8bpd

Venezuela:296.5bpd

Libya:47.1bpd

Nigeria:36.2bpd


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Numerous nations andmultinational entities imposesanctions against Iran. Sanctions

commonly bar nuclear, missileand certain military exports toIran; investments in oil, gas andpetrochemicals; exports of refinedpetroleum products; businessdealings with the Iran ; bankingand insurance transactions withthe Central Bank of Iran.

Sanctions


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US Sanction:

These sanctions allow the USto sanction banks, refiners andtraders worldwide who buy

Iranian oil. It is not an offencefor non US entities to buy,supply, or be involved with thepurchase of Iranian oil but the

US can choose to cut theseentities off from the US financialsystem.

EU Sanction:


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v Nuclear Program: Iran's nuclear program has

been hampered by machine

design flaws, equipmentbreakdowns and problemsgetting parts because ofinternational sanctions.

v Inflation & Cost of Goods: Sanctions have prevented

foreign direct investment

(FDI) as prices rise and

Impact of sanctionson Iran


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v Irans Energy Sector:

Iran has been increasinglyunable to attract foreigninvestment, especially in its

oil fields, leading to aprojected loss of $14 billion ayear in oil revenues.

q Declining Oil Output& OilExports:

U.S. sanctions have made iteven more difficult for Iran to

transact payments for oil

Cont..


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q Declining Gasoline

Imports: Decrease in gasoline

deliveries from 3.5 million

barrels per day before toabout 900,000 barrels per dayafter its enactment.

Cost of conversion ofpetrochemical factories torefined oil is 15 times morethan made in refineries.


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v Supply may reduce in 1.5million barrels a day whichresults in supply shock.

v The global price of oil couldrise by as much as 20 to 30percent.

v Saudi Arabia, which already

produces more than eightmillion barrels a day, isconsidering increasing its oil

production, and could be able'

IMPACT ON GLOBALOIL MARKET


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India imports 12% of its crude

oil requirements from Iran It has said that it is not

obliged to fulfil any domestic

law or rules of any particularcountry.

It will respect the sanctions

'imposed by the UnitedNations.

The UN sanctions doesn'tforbid countries engaged intrading essential commodities

Impact of sanction onIndia:


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Projected to become one of the seven

largest consumers of energy within adecade.

India's indigenous oil and gas reserves

are not expected to last beyond 2014-16at current levels of consumption.

Currently, India produces less than 33million tonnes of oil compared todemand for around 96 million tonnes,calling for imports to the tune of around64 million tonnes.

India's oil import dependency has gone


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The oil import bill is projected

to go up to around Rs 60,000crores, against an earlierexpected outgo of around Rs

54,000 crores.

India, who over the years, will

become major oil consumers,and becoming increasinglydependent on imports fortheir energy, any price

fluctuation can have a


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Hydro-drive electroniccatalytic convertor, an Indiancreation is in circulation from

past few years and has beenconferred the Best Asian GoldAward in 2001. If thistechnology is used in vehiclesthe petrol and dieselutilization can be curbed by10% approximately.

Alternative in India


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v Shale Oil Shale gas is natural gas trapped in shalerock deep below the earths surface. Until recently,it was inaccessible for development due to itsdepth and concentration. New advances inhorizontal drilling, combined with hydraulic frackingtechnology have enabled producers to capture this

once elusive resource.v Biomass has probably received the most attention

as an alternative fuel. Beginning with cellulosecrops such as corn or switchgrass, enzymes ormicrobes are used to break down the cellulose intosimple sugars that can be fermented into ethyl

alcohol and used as an alternative fuel or a fueladditive.

v Biodiesel a much more promising alternative fuelis biodiesel which is typically produced from plantoils or animal fats. However, algae may also be a

source of biodiesel in the future. Algae oilsometimes called oilgae or algaeoleum can be as

Alternatives for oilcrisis


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v Methanol, also known as woodalcohol, can be used as analternative fuel in flexible fuelvehicles that are designed to run

on M85, a blend of 85 percentmethanol and 15 percent gasoline,but automakers are no longermanufacturing methanol-powered

vehicles.v P-Series Fuels as Alternative

Fuels P-Series fuels are a blend ofethanol, natural gas liquids andmethyltetrahydrofuran (MeTHF), a


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Shale oil extraction is anindustrial process forunconventional oilproduction. This process

converts kerogen into shaleoil by pyrolysis ,hydrogenation , or thermal

dissolution . The resultantshale oil is used as fuel oil orupgraded to meet refineryfeedstock specifications byadding hydrogen and

Extraction of Shale gas


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Shale gas production


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Estimation of Shale gas


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US proposes release of OilStocks.

India to receive cheaper Gasfrom Turkmenistan at $10including $3 as transportationcharges and transit fees through1680 km pipeline viaAfghanistan and Pakistan .

Iraq has the potential to increaseproduction from 2.5millionbarrels a day (b/d) in 2010 to

more than 5 million b/d in the

FUTURE ASPECTS


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REFERENCES

www.google.com www.Wikipedia.com
http://www.google.com/http://www.wikipedia.com/http://www.wikipedia.com/http://www.google.com/

global oil crisis.pptx

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