Oil and Gas Industry Affected Negatively Owing to Declining Economy
COVID-19 has drastically affected the oil and gas industry. The major oil-producing countries were affected by the falling global economy and reducing demand for oil. The construction of oil storage terminal and related upgrades are expected to be postponed due to industrial slow down. After the upliftment of lockdown, it is expected that the demand for oil will start to rise as the manufacturing bases will start operating.
Market Segmentation
Based on type, the market for oil storage terminal is segmented into strategic reserve and commercial reserve. The commercial reserves segment dominated the market due to their growing demand. The past few years have experienced a most of the terminals to be used specifically for the purpose of commercial crude oil boosting its demand.
Upon the completion of the transaction, KKR will look to leverage its experience working with leading technology and eyewear companies globally to support Lenskart in expanding its presence in India, scaling its growing operations overseas, and enhancing its digital offerings to augment customers virtual and omni-store experience.As p
WB recognises ‘Ehsaas Emergency Cash’ among top social protection globally
Islamabad
May 16, 2021
Islamabad : The World Bank has just released a report on “global social protection responses to COVID-19”. This report is called the “living paper” and it is a partnership effort involving 18 coauthors and a large number of contributors; the paper presents a 650-page volume and accompanying database documenting how countries and territories are planning, implementing or completing social protection measures in the context of the pandemic.
The report states that there has been “an exponential growth in social protection measures between March 20, 2020 and May 14, 2021 and that a total of 3,333 social protection measures have been planned or implemented in 222 countries or territories”.