Eestimaa Õlikonsortsium
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Eestimaa Õlikonsortsium
Eestimaa Õlikonsortsium (; ) was an oil shale company located in Sillamäe, Estonia. The company was established in 1926.#holmberg, Holmberg (2008), pp. 106–107 It was a Swedish language, Swedish–Norwegian language, Norwegian consortium controlled by Wallenberg family, Marcus Wallenberg. Main shareholders were Investor AB, AB Emissionsinstitutet, and Norsk Hydro. The consortium built a tunnel oven in 1928. However, due to recession, production halted in 1930 and was not restarted until 1936, when it was reorganized as Baltic Oil Company.#holmberg, Holmberg (2008), pp. 107–108 A second tunnel oven was added in 1938.#holmberg, Holmberg (2008), p. 272 In 1936, it produced 15,000 tonnes of oil, including 2,400 tonnes of gasoline. In July 1938, Eestimaa Õlikonsortsium concluded a contract with the German ''Kriegsmarine'' to supply shale oil as a ship fuel.#holmberg, Holmberg (2008), p. 119 In 1939, it produced 36,944 tonnes of shale oil.#holmberg, Holmb ...
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Oil And Gas Industry
The petroleum industry, also known as the oil industry, includes the global processes of exploration, extraction, refining, transportation (often by oil tankers and pipelines), and marketing of petroleum products. The largest volume products of the industry are fuel oil and gasoline (petrol). Petroleum is also the raw material for many chemical products, including pharmaceuticals, solvents, fertilizers, pesticides, synthetic fragrances, and plastics. The industry is usually divided into three major components: upstream, midstream, and downstream. Upstream regards exploration and extraction of crude oil, midstream encompasses transportation and storage of crude, and downstream concerns refining crude oil into various end products. Petroleum is vital to many industries, and is necessary for the maintenance of industrial civilization in its current configuration, making it a critical concern for many nations. Oil accounts for a large percentage of the world's energy consum ...
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