Risk Management in Petroleum and Petrochemical: An Introduction

Riyadh Redhwan Abdullah; Akash Rana

Risk Management in Petroleum and Petrochemical: An Introduction

Authors: Riyadh Redhwan Abdullah, Akash Rana

Unique Paper ID: 148020
Volume: 5
Issue: 12
PageNo: 75-79

Keywords: Fuel Production SOCP Oil Chemical

Abstract:
In this paper we are presenting risk management in petroleum and petrochemical Only the risk manager who is capable of understanding these complex interaction will be able to lead an organization towards a safer and more profitable future. Some previous modern safety research has shown that the interaction between human technical and organizational factor determine the performance of a company only in term of quality cost and delivery time but also in term of safety. The petroleum and petrochemical industry's need safety organization to be the first responsible for any accident accrue in the industry which it can be called safety organization of chemical plants (SOCP).The (SOCP) has to do all the investigation for the industry to make the industry working on safety without any problem which can be supported by the government and allow the organization to provide safety license for all the chemical plants. Despite how sophisticated technical solution and risk mitigation measure have become the human factor remains unpredictable as ever. Recognizing this irrevocable truth is therefore the first step in creating successful risk managements strategies especially if one consider that, the term human factor is not limited to the short coming of misguided, individuals, it includes entire organization and in particular the members in charge

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ISSN: 2349-6002
Volume: 5
Issue: 12
PageNo: 75-79

Risk Management in Petroleum and Petrochemical: An Introduction

Available:https://ijirt.org/Article?manuscript=148020

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