IP is over the quota
The petroleum industry is considered to be one of the most relishing industries. This is because of the materials extracted from the petroleum process are fuel and gasoline which is a major source of transportation all over the world. Apart from these, the by-products in the form of other chemical compounds are used for the manufacturing of other products in pharmaceuticals, fertilizers and plastics industry. The petroleum industry is considered to be one of the largest industries in terms of the money involved in the whole process of production, extraction and refining. The industry is responsible for holding the major share of urbanization in a nation and thus the governments pay a heavy subsidy on the petroleum industry and this industry plays an important role in deciding any country's economic stability too.
The petroleum industry is not restricted to extraction and refining only. It is further divided into various sectors. The upstream sector is responsible for the exploration of raw petroleum and converting it to natural gas. The downstream sector consists of import and export of oil tankers and barrels from other nations which is efficient these days because of globalization. Other sectors include building of pipelines and service supply to customers. Due to the advent of these sectors over the years, there has been numerous opportunities for jobs in oil industry.
In the countries where the raw materials for petroleum process are easily available, there is more scope for the employment. Since it is an industry where a large amount of money is involved, jobs in oil industry are sought by lot of people into engineering and management. Since petroleum is a non renewable resource, the demand for it is fore casted to increase considerably over the coming years and thus the demand for jobs increases too. On one hand where the advent of science has technology and the field of research have contributed to the expansion of this industry significantly over the coming years, it faces a constant threat in terms of pollution. This has also lead to the research and development of alternate sources which can be a substitute for petroleum. Since the raw materials are eventually going to be depleted, similar jobs in other industries are also sought.
The internet has played its own role in development of platforms for exchange of information and technologies pertaining to oil industry. The chemical engineers and other people related to this industry find it common to share the insights on these blogs for carrying out efficient processes in their own industries.
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