Taxation is one of the significant phenomena in any economy as it not only generates revenues for existing government, but also serves as a fiscal tool and stabilization policy. One of the main types of taxation is the petroleum tax which accounts for more than 30% of revenue for developed countries and more than 85% for developing economies. This work focuses on petroleum producing giants in ...

For almost a century, various predictions have been made that the human race was imminently going to run out of available petroleum. The passing of time has proven all those predictions to have been utterly wrong. It is pointed out here how all such predictions have depended fundamentally upon an archaic hypothesis from the 18th century that petroleum somehow (miraculously) evolved from biologi...

Study of a mature petroleum play in the Western Canada Sedimentary Basin (WCSB) indicates that the spatial distribution of petroleum accumulations exhibits a self-affinity characteristic. This characteristic motivated the examination of a fractal model for a quantitative description of petroleum resource spatial distribution. The proposed approach transforms the spatial information with respect...

Rapid growth in the demand for commercial energy in Kerala, a state in India, posed serious development constraints in the recent past. The crucial issue of managing this demand will be of great importance in formulating the future development policy of the state. This study analyses the requirement of three major forms of commercial energy in the state of Kerala (viz. electricity, petroleum pr...

The health risk resulting from benzene exposure in petroleum refineries was calculated using data from the scientific literature from various countries throughout the world. The exposure data was collated into four scenarios from petroleum refinery environments and plotted as cumulative probability distributions (CPD) plots. Health risk was evaluated for each scenario using the Hazard Quotient ...

This research presents a model for optimal allocation of Iranian oil and gas resources in sanction condition based on stochastic linear multi-objective programming. The general policies of the resistive economy include expanding exports of gas, electricity, petrochemical and petroleum products, expanding the strategic oil and gas reserves, increasing added value through completing the petroleum...

Bangladesh is a middle-income country. With the development of industrial and agricultural sectors, demand for petroleum-based fuels in transport sector has been steadily growing. Diesel, petrol, octane (C8H18), liquid petroleum gas (LPG), compressed natural are mainly used as transportation sectors Bangladesh. The government imports LPG well refined, crude, furnace oil from abroad to meet coun...

Petroleum exploration and production is an industry that provides researchers with multi-variant challenging “real world” properties. Recently, some petroleum soft computing techniques have gained a greater interest in prediction within the oil industry. This paper is interested in the analysis, classifying, mining and predictions, based on fuzzy as an intelligent system and an intelligent syst...