Management of oil and gas supplies Flashcards
1
Q
Give two organisations involved in the global management of oil and gas
A
OPEC
IPIECA
2
Q
Outline the role played by the OPEC
What issues can arise?
A
Control the global production, pricing and supply of oil.
Prices can be high and volatile due to factors such as social unrest and hostility.
3
Q
Outline the role played by the IPIECA
Identify a corporate member
A
Promote good practice and knowledge in the oil and gas industry, to improve environmental and social performance.
Shell, total, bp etc.
