000			01948nmc a2200229 4500
005			20260520005648.0
008			260224s xxu
082			_aCD W938 1 0013960
210			_aWPC (16th.)
245	0	0	_aGLOBALIZING PETROTRADE _bSTRATEGIC IMPERATIVE TO DEVELOPMENT
270			_a12/09/06 ; 26/08/2003
300			_a2 p.
520			_aPetroleum, being the most strategic commodity in international trade, is a major pace-setter for global development. Nevertheless each barrel of oil traded since early 80s has been undervalued. It is mainly attributed to the vaguely-matched in and out-bound logistics that kept the deals far from being globalized and bidded for optimum value. Thus, paving the way for unabated petroleum supplies such indiscreetly organized deals culminated into persistent oil price depression. Moreover, increasing geographic imbalance between the potential sources of petroleum supplies and intensity of demand presages insecurity of energy while the nations are becoming closely interdependent. Hence vulnerability of oil prices coupled with daunting energy supplies can be construed as an impending threat to both energy and economic development. However, logistical transparency would, of course, help achieving the developmental mission through value optimization provided the deals conform to the global business and technological advances. Therefore, globalizing petrotrade has become strategic imperative in the emerging challenges. It would lead the ways to the means of creating optimum value of each barrel imperious for development.
773			_gv. 2, p. 354-355
942			_cCONGTP
100	1		_aOvais, S.M. _99702
110	2		_aJamia Millia Islamia University _99703
111	2		_aWorld Petroleum Congress (16th. : 2000 jun. 11-15 : Calgary, Alberta, Canada) _934
710	2		_aJamia Millia Islamia University _99703
800	1		_aOvais, S.M. _99702
999			_c133499 _d133499