ENERGY

 

What Is the Energy Sector?

The energy sector is a category of stocks that relate to producing or supplying energy. The energy sector or industry includes companies involved in the exploration and development of oil or gas reserves, oil and gas drilling, and refining. The energy industry also includes integrated power utility companies such as renewable energy and coal.

Understanding the Energy Sector

​The energy sector is a large and all-encompassing term that describes a complex and interrelated network of companies, directly and indirectly, involved in the production and distribution of energy needed to power the economy and facilitate the means of production and transportation.

Companies within the energy sector are involved in various types of energy. For the most part, energy companies are categorized based on how the energy that they produce is sourced and will typically fall into one of two categories:

Non-renewable

• Petroleum products and oil | Natural gas | Gasoline | Diesel fuel | Heating oil | Nuclear | Coal

Renewable

• Hydropower | Biofuels, such as ethanol  | Wind power | Solar power | Hydroelectric

Total energy production

After the 3.1% rebound in 2021, global energy production continued to increase at a steady pace in 2022 (+3.7%).

Global energy production accelerated in 2022 (+3.7%), much above its 2010-2019 average (+1.6%/year). The growth was driven by China (+5.6%), the United States (+5.8%), Saudi Arabia (+15%), India (+7.9%), Indonesia (+9.4%) and Brazil (+7.8%) and partly offset by a drop in Russia (-4.4%), the European Union (-6.2%) and Africa (-0.9% due to Nigeria and South Africa).

Key 2022 data for energy productionare as follows:
-Crude oil: +5.4%, driven by Saudi Arabia (+16%) and the United States (+6.5%)

- Gas: stable globally, due to a lower gas demand and a 12% fall in Russia’s production that was offset by higher output in North America (+4.8%), the Middle East (+3.2%), China (+6%) and Australia (+7.3%).

- Coal: +8.2%, with growth in China (+10%), India (+14%), Indonesia (+12%), Europe (nearly +5%), the United States (+3%), slow increases in Australia and Russia, and decline in South Africa.

- Electricity: +2.3%, with growth pulled by China (+3.7%), India (+9.7%) and the United States (+3.2%), despite a 3.6% drop in the EU.

World                                                                                                                                                

                             Trend over 1990 - 2022 - Mtoe                                                     Breakdown by energy (2022) - Mtoe
                           

In which sectors is Ran Holding able to supply energy?
-Oil : Since 2012, Ran Holding Group has a strong and direct relationship with major oil companies in the world, including Saudi Arabia, Iran,Russia,Kazakhstan, and China.
-Gas : Ran Holding Group is one of the main suppliers of Liquefied petroleum gas(LPG gas) from Russia, Kazakhstan, Iran, Iraq and Arabia.
-Electricity: In recent years, Ran Holding has conducted consultations with the countries of Turkey, Bulgaria, Iran, Afghanistan and Iraq for the export and import of electricity.
-Coal: Ran Holding has bought a percentage of the shares of one of the coal mines in 2015.

TOP OIL COMPANIES IN THE MIDDLE EAST
For over four decades, Middle Eastern oil producing companies have kept an iron grip on the worldwide oil market. With nearly two-thirds(2/3) of the world’s oil being produced in the Middle East many large consumers of oil have been scrambling to locate and produce oil production at home. We are going to provide you with a list of the Top Oil Companies in the Middle East and some interesting oil related information along the way

1-SAUDI ARAMCO

Saudi Aramco is not only the biggest oil producing company in the Middle East, it is the largest in the world. It is also known as the Saudi Arabian Oil Company. The company is valued at over ten trillion dollars. Founded in 1933, although it did not take on the present name until 1988, its headquarters are based in Dhahran, Saudi Arabia. Saudi Aramco reported revenue of US$ 311 billion in 2012 and is owned by the Saudi Arabian Government. Khalid A. Al-Falih is the CEO. They produce some 12.7 million barrels of oil per day. In January 2014, Saudi Arabia exported over 240 million barrels of oil.

2- NATIONAL IRANIAN OIL COMPANY (NIOC)

The National Iranian Oil Company was founded in 1948. It is owned by the Government of Iran and located in Tehran, Iran. The company has some 23 subsidiaries. Revenue was believed to be US$ 110 billion in 2012. NIOC produces somewhere in the region of 6 million barrels of oil per day, even though this may vary due to sanctions placed upon the country.

3- QATAR PETROLEUM

Qatar Petroleum holds the distinction of being the third largest producer and exporter of oil in the Middle East. Founded in 1974 and owned by the Government of Qatar, Qatar Petroleum now produces 5.3 million barrels of oil per day. Company headquarters sits in Doha, Qatar and Minister of Energy and Production is Mohammed Bin Saleh Al-Sada. The company posted US$ 51.6 billion worth of revenue in 2011.

4- Kuwait Oil Company (KOC)

The Kuwait Oil Company was founded in 1934. It possibly produces in the region of 3.4 million barrels of oil per day, making it the fourth largest exporter of oil on the planet. The company is headquartered in Ahmadi, Kuwait and is a subsidiary of the Kuwait Petroleum Corporation, owned by the Government of Kuwait.

5-ABU DHABI NATIONAL OIL COMPANY (ADNOC)

The Abu Dhabi National Oil Company is owned by the Government of the United Arab Emirates (UAE). The company was founded in 1971 in Abu Dhabi, UAE. The Chairman of the Supreme Petroleum Council is Sheikh Khalifa bin Zayed Al Nahyan. ADNOC produces 2.4 million barrels of oil per day. Revenue was reported at 75 billion in 2011.

6- IRAQ NATIONAL OIL COMPANY (INOC)

The Iraq National Oil Company is owned by the Government of Iraq. Oil production is at 2.2 million barrels per day. Founded in 1966 the INOC reported revenues of US$ 51.4 billion in 2010. Once again changes in Iraq over the last decade have affected production. However, Iraq did produce 2.8 million barrels per day in January 2014, and are projecting to produce 3.4 million per day very soon.

7- SONATRACH

Sonatrach is the biggest oil producing company in Northern Africa, producing 2.2 million barrels of crude per day. The company is owned by the Algerian Government and reported US$ 76.1 billion of revenue in 2012. The CEO is Abdelhamid Zerguine and Sonatrach has oil partnerships with both Libya and Tunisia.

8- NATIONAL OIL CORPORATION, LIBYA (NOC)

The National Oil Corporation is based in Libya and is owned by the Government of Libya. Founded in 1970, the NOC Chairman is Nuri Berruien and the company is located in Tripoli, Libya. It is believed that this company produces c2.2 million barrels of oil per day. Turmoil in Libya over the past several years has led to inconsistency in oil production and thus, supporting data.

9- OMAN OIL COMPANY (OOC)

The Oman Oil Company produces almost one million barrels of crude oil per day. The company, owned by the Government of Oman, was established in 1996 and is headquartered in Muscat, Oman.