إنتاج البترول : الأهمية الاقتصادية و ضخامة التكلفة

Abstract EN

Characterized by the petroleum industry heavy volume of capital investments and high element of risk investment in the exploration phase in addition to the use of the latest advanced purification methods with the intensification of investments in the field of global research and its applications.

Due to the nature of the oil industry in the consumption of machinery and equipment within a short period of time they are characterized by a high rate of obsolescence, which means higher variable costs as well as the fixed costs are a significant proportion of the total costs and typical for this industry peer intensity of the volume of investments in the initial stages.

Moreover characterized by the petroleum industry high degree of skill of the workforce and attracted a good technical staff and speed applied to the latest available technology, and above all this the era of the petroleum industry creative management.

As a result of these qualities economic, financial, technical and management all of which have helped in the formation of a major international oil companies is characterized by its pattern of monopolizing the few.