International Energy Law

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Petroleum is a naturally occurring liquid primarily composed of hydrocarbons and formed from the remains of ancient organisms subjected to heat and pressure over time. It is refined into various fuels and chemicals through distillation. The extraction process typically involves oil drilling, guided by geological studies and reservoir analysis. Advances in technology have expanded the ability to exploit unconventional reserves, including oil sands and oil shale, enhancing the industry's capacity to meet energy demands.