Arabian Petroleum Company
Crude oil is an extremely important and valuable natural resource. It is the primary source of various petroleum products that are essential for modern society, including:
- Gasoline/Petrol - Used as fuel for automobiles, motorcycles, and other vehicles.
- Diesel fuel - Used to power trucks, trains, ships, and heavy machinery.
- Kerosene - Used as fuel for aviation and home heating.
- Liquefied petroleum gas (LPG) - Used for cooking, heating, and other applications.
- Lubricants - Used to reduce friction in machinery, engines, and transportation.
- Asphalt/Bitumen - Used for road construction and roofing.
- Petrochemicals - Used as feedstock to manufacture plastics, synthetic fibers, solvents, and other important chemicals.
Crude oil is a naturally occurring liquid hydrocarbon that is extracted from underground geological formations. It must be refined and processed to separate it into these useful petroleum products. The global economy and modern way of life are heavily dependent on the availability and supply of crude oil and its refined products. As such, crude oil is considered a critically important strategic commodity worldwide.
Arabian Petroleum Company did a business joint venture with Forever Energy Trading Company in Sharjah. which we believe the important to our market participation. By pooling resources and expertise, it will allow us to gain access to new markets, technologies, or capabilities that may have lacked. This can allow us to, take on larger or more complex projects that would not have been feasible individually. Joint ventures also enable risk-sharing, as the financial, operational, and other risks are distributed across the partners rather than resting solely on one company. This can make ventures involving significant capital investment or uncertainty more viable. Additionally, joint ventures can foster organizational learning, as the partners gain exposure to new ways of operating and have the opportunity to share knowledge and best practices. Overall, a well-structured and managed joint venture can be a powerful strategic move to drive growth, innovation, and competitive advantage for the participating businesses.