Kernel Oil

The major components of the oil industry are exploration, production and refining, and distribution. We interviewed Mr Widodo Ratanachaitong of Kernel Oil Pte Ltd,and examined these components of the oil industry in the market.

Widodo ratanachaitong-09

In the last ten years the world production of crude oil has been sharply increasing, especially in the Middle East. World oil production doubled several times, to a total of 2 billion tons.According to Porter’s five forces, the threat of new entrants in the industry is low because barriers to entry include high capital costs, economies of scale, distribution channels as well as complicated technologies and regulations.

On the other side, the business rivalry is very high because of the nature of the business. Mr Widodo Ratanachaitong of Kernel Oil Pte Ltd, “we establish competitive advantage through technological and operational efficiencies in the areas of network of suppliers and trading functions. In addition, our operational efficiencies are the main goals that make Kernel Oil Pte Ltd a profitable business.

We also support large number of jobs in the industry, contributing national capital and supplying a vast majority of the country’s energy needs”.

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Posted on November 12, 2014, in Kernel Oil, kernel oil widodo Ratanachaithong, Kernel Oil Widodo ratanachaitong, Widodo ratanachaithong, Widodo Ratanachaithong kernel oil, Widodo ratanachaitong, widodo ratanachaitong kernel oil and tagged , , , , , , . Bookmark the permalink. Leave a comment.

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