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Petroleum, also known as crude oil and oil, is a naturally occurring, yellowish-black liquid found in geological formations. It is commonly refined into various fuels and chemicals. Components of petroleum are separated by means of distillation. Petroleum mainly consists of hydrocarbons as well as traces of other organic compounds. The name petroleum covers both naturally occurring unprocessed crude oil and petroleum products that are made up of refined crude oil. A fossil fuel, petroleum is formed when large quantities of dead organisms, mostly zooplankton and algae, are buried underneath sedimentary rock and subjected to both prolonged heat and pressure. Fuel oil (also known as heavy oil, marine fuel, bunker, furnace oil, or gasoil) is a fraction obtained from the distillation of petroleum (crude oil). It includes distillates (the lighter fractions) and residues (the heavier fractions). Oil has many uses; it heats homes and businesses and fuels trucks, ships, and some cars. A small amount of electricity is produced by diesel, but it is more polluting and more expensive than natural gas. It is often used as a backup fuel for peaking power plants in case the supply of natural gas is interrupted or as the main fuel for small electrical generators.

With the exception of New Zealand, the majority of independent Polynesian islands derive much of their income from foreign aid and remittances from those who live in other countries. Some encourage their young people to go where they can earn good money to remit to their stay-at-home relatives. Many Polynesian locations, such as Easter Island, supplement this with tourism income. Some have more unusual sources of income, such as Tuvalu which marketed its '. tv' internet top-level domain name or the Cooks that relied on postage stamp sales. Aside from New Zealand, another focus area of economic dependence regarding tourism is Hawaii. Hawaii is one of the most visited areas within the Polynesian Triangle, entertaining more than ten million visitors annually, excluding 2020. The economy of Hawaii, like that of New Zealand, is steadily dependent on annual tourists and financial counseling or aid from other countries or states. "The rate of tourist growth has made the economy overly dependent on this one sector, leaving Hawaii extremely vulnerable to external economic forces. "By keeping this in mind, island states and nations similar to Hawaii are paying closer attention to other avenues that can positively affect their economy by practicing more independence and less emphasis on tourist entertainment. The six countries in Polynesia are New Zealand, Solomon Islands, Tonga, Tuvalu, Vanuatu, and Samoa.

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Summary:
Fuel Supply For Malakal Power Plant (mpp) & Outlying States Power Systems And Lube Oils.
Sector:
Oil and Gas Product and Equipment
Country:
Palau
 
Notice Type:
Tender Notice
Deadline:
24 Feb 2023
View Details