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1. Overview of the Coronavirus Crisis Since the Coronavirus, also known as Covid-19, spread outside of China in January 2020 it quickly turned into a global crisis of unprecedented scale, taking a high toll on human life and laying baring the fragility of battle-hardened economies that had not seen a shock alike since the financial […]
1. Introduction Oil prices are one of the most important items affecting the trends in the global economy. In addition to global sights, being the price levels directly influencing the individual budgets and preferences, sociological impact reaches much higher levels than the expectations. That’s why to have an idea about the tendencies and directions of […]
WHAT IS OIL SHALE Oil shale is commonly defined as a fine- grained sedimentary rock containing organ- ic matter (kerogen) that yields substantial amounts of oil and combustible gas upon destructive distillation (retorting). Most of the organic matter is insoluble in ordinary organic solvents; therefore, it is decomposed by heating to release such materials. What […]
[vc_row][vc_column][vc_column_text]INTRODUCTION The Middle East is often referred to as a perennial geopolitical hotspot, the bedrock of shifting power play of partnerships, and constant shift of alliances – all in the midst of emerging and demising local powers. Iran sits at the epicenter of this political, economic and social development in the neighborhood. On one hand, […]
INTRODUCTION As a well-known fact by millions of people, more than hundred and fifty years ago, Colonel Drake in Titusville, Pennsylvania did the first oil discovery. From 1859 to 2015, the use of oil and its market concept has dramatically changed by producers and consumers. First oligopoly market initiatives can be explained by the dissolution […]
INTRODUCTION Turkish Stream Pipeline Project (TSP) is the result of the altering Russian gas supply policies toward European Union (EU). Due to flustering disputes over Ukraine, initial step was planned as to bypass Ukraine with a new standalone pipeline that will transit Russian gas to Eastern Europe. However, increasing conflicts between EU and Bulgarian government […]
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