Developing petroleum industry

Strengthening petroleum industry

Description

Developing the petroleum industry involves expanding exploration, extraction, refining, and distribution capacities to meet growing energy demands and support economic development. This strategy focuses on investing in advanced technologies, infrastructure, and skilled workforce to increase efficiency, reduce environmental impact, and ensure energy security. It addresses challenges such as resource depletion, market volatility, and regulatory compliance by promoting sustainable practices, diversifying supply sources, and fostering international cooperation to stabilize and optimize petroleum production and distribution.