Whether you are a university student, a fresh graduate, or a young professional, if you really have a burning desire to create a successful career, and make it to the top in your field, then self-evaluation and self-reflection is the first step to start with.
Don't wonder, and for sure, don't underestimate this, because if you really want to have a successful career, if you want to become an authority in your field, and make it to the top, then you should start it right.
And to start right, you should know yourself better, you should know your strengths and weaknesses, your values and priorities, your skills and competencies, what you are good at and what you are not and what is your passion and interest. And that can only be done through self-evaluation and self-reflection and here is why.
When planning our career path, many of us tend to make a very big mistake. They do not conduct any self-evaluation and self-reflection to better understand themselves and evaluate their skills, competencies, and learning progress.
They only try to gather some information for the sake of getting things done such as preparing their CV, cover-letter to apply for a job. They don't go in-depth, in an organized way to collect information for the sake of knowing who they really are, what they want and try to make sense of these information to plan and decide their career path.
Whether it is due to lack of time, lack of awareness of its importance, or in worst case not knowing it is something that should be done. They directly jump into preparing a CV and cover-letter, choosing their career path and start to approach companies looking for a job. And that is the biggest mistake they make in their career life.
To understand why it is so, consider the following example. Imagine building a five-story house on a ground that you know nothing about it. You did little to no research to find out the strength of basis and whether that place is suitable to the type of house you are building or not. Instead, you just jumped directly into the construction phase, building your house on a ground without a proper evaluation of the basis.
By the time you are done, you realize that your house could collapse at any time because of the weak basis. And you end up forced to move and build another one which costs you your time and money. This is exactly the same scenario as building a career path without first doing any self-evaluation and self-reflection.
Many people out there end up taking a wrong career path, wasting their time and energy because they did not take the time to understand and evaluate themselves, their capabilities and what they really want. And if you don't know yourself intimately, you can't build a successful and enjoyable career.
If you are a young professional or in your mid-career, you still have the time to check if you are in the right direction and improve yourself. And if you are a recent graduate or a university student, it is much more better to do it now, and plan your career the right way instead of wasting your time taking a wrong path and not knowing what you really want.
And if you are unemployed as a result of being laid off or could not secure a job, taking the time to do this self-evaluation and self-reflection will extremely help you to assess yourself, and your progress. It will give you a better picture of who you really are, a picture which maybe you could not see before because you were busy with your work or your studies.
It will also help you gather all the details about your experiences, activities, projects, workshops, training courses and many other things in one place. And all these details will later be used to improve your CV and cover-letter, and build a strong online presence by updating your profiles. And doing so will increase your chances of getting what you want and opportunities coming down your way.
Now, if you are ready to start it right, to discover who you really are, what you really want to be, and build a career based on what you are passionate about rather than what you are told to be or what circumstances made you be, I can help you achieve that.
I have prepared for you a self-evaluation report in which I discuss the steps used to do self-evaluation and self-reflection. I have listed 19 steps to follow in order to collect the information needed to plan your career and life in general. It is all based on my personal experience and I have also listed many advices and tips for the things that you should focus on and others you should avoid.
I hope it will be beneficial for you and I also hope to hear from you if you have any comment regarding this report or if you have any question. You can get your report either by subscribing to to my newsletter in this page or here.
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The vast Shah Deniz field in Azerbaijan’s portion of the South Caspian Sea marked several milestones in 2018. It has now produced a cumulative total of 100 billion cubic metres of natural gas since the field started up in 2006, with daily output reaching a new peak, growing by 12.5% y-o-y. At a cost of US$28 billion, Shah Deniz – with its estimated 1.2 trillion cubic metres of gas resources – has proven to be an unparalleled success, being a founding link of Europe’s Southern Gas Corridor and coming in relatively on budget and on time. And now BP, along with its partners, is hoping to replicate that success with an ambitious exploration schedule over the next two years.
Four new exploration wells in three blocks, along with a seismic survey of a fourth, are planned for 2019 and an additional three wells in 2020. The aggressive programme is aimed at confirming a long-held belief by BP and SOCAR there are more significant pockets of gas swirling around the area. The first exploratory well is targeting the Shafag-Asiman block, where initial seismic surveys suggest natural gas reserves of some 500 billion cubic metres; if confirmed, that would make it the second-largest gas field ever discovered in the Caspian, behind only Shah Deniz. BP also suspects that Shah Deniz itself could be bigger than expected – the company has long predicted the existence of a second, deeper reservoir below the existing field, and a ‘further assessment’ is planned for 2020 to get to the bottom of the case, so to speak.
Two wells are planned to be drilled in the Shallow Water Absheron Peninsula (SWAP) block, some 30km southeast of Baku, where BP operates in equal partnership with SOCAR, with an additional well planned for 2020. The goal at SWAP is light crude oil, as is a seismic survey in the deepwater Caspian Sea Block D230 where a ‘significant amount’ of oil is expected. Exploration in the onshore Gobustan block, an inland field 50km north of Baku, rounds up BP’s upstream programme and the company expects that at least one seven wells of these will yield a bonanza that will take Azerbaijan’s reserves well into the middle of the century.
Developments in the Caspian are key, as it is the starting node of the Southern Gas Corridor – meant to deliver gas to Europe. Shah Deniz gas currently makes its way to Turkey via the South Caucasus Gas pipeline and exports onwards to Europe should begin when the US$8.5 billion, 32 bcm/y Trans-Anatolian Pipeline (TANAP) starts service in 2020. Planned output from Azerbaijan currently only fills half of the TANAP capacity, meaning there is room for plenty more gas, if BP can find it. From Turkey, Azeri gas will link up to the Trans-Adriatic Pipeline in Greece and connect into Turkey, potentially joined by other pipelines projects that are planned to link up with gas production in Israel. This alternate source of natural gas for Europe is crucial, particularly since political will to push through the Nordstream-2 pipeline connecting Russian gas to Germany is slackening. The demand is there and so is the infrastructure. And now BP will be spending the next two years trying to prove that the supply exists underneath Azerbaijan.
BP’s upcoming planned exploration in the Caspian:
When it was first announced in 2012, there was scepticism about whether or not Petronas’ RAPID refinery in Johor was destined for reality or cancellation. It came at a time when the refining industry saw multiple ambitious, sometimes unpractical, projects announced. At that point, Petronas – though one of the most respected state oil firms – was still seen as more of an upstream player internationally. Its downstream forays were largely confined to its home base Malaysia and specialty chemicals, as well as a surprising venture into South African through Engen. Its refineries, too, were relatively small. So the announcement that Petronas was planning essentially, its own Jamnagar, promoted some pessimism. Could it succeed?
It has. The RAPID refinery – part of a larger plan to turn the Pengerang district in southern Johor into an oil refining and storage hub capitalising on linkages with Singapore – received its first cargo of crude oil for testing in September 2018. Mechanical completion was achieved on November 29 and all critical units have begun commissioning ahead of the expected firing up of RAPID’s 300 kb/d CDU later this month. A second cargo of 2 million barrels of Saudi crude arrived at RAPID last week. It seems like it’s all systems go for RAPID. But it wasn’t always so clear cut. Financing difficulties – and the 2015 crude oil price crash – put the US$27 billion project on shaky ground for a while, and it was only when Saudi Aramco swooped in to purchase a US$7 billion stake in the project that it started coalescing. Petronas had been courting Aramco since the start of the project, mainly as a crude provider, but having the Saudi giant on board was the final step towards FID. It guaranteed a stable supply of crude for Petronas; and for Aramco, RAPID gave it a foothold in a major global refining hub area as part of its strategy to expand downstream.
But RAPID will be entering into a market quite different than when it was first announced. In 2012, demand for fuel products was concentrated on light distillates; in 2019, that focus has changed. Impending new International Maritime Organisation (IMO) regulations are requiring shippers to switch from burning cheap (and dirty) fuel oil to using cleaner middle distillate gasoils. This plays well into complex refineries like RAPID, specialising in cracking heavy and medium Arabian crude into valuable products. But the issue is that Asia and the rest of the world is currently swamped with gasoline. A whole host of new Asian refineries – the latest being the 200 kb/d Nghi Son in Vietnam – have contributed to growing volumes of gasoline with no home in Asia. Gasoline refining margins in Singapore have taken a hit, falling into negative territory for the first time in seven years. Adding RAPID to the equation places more pressure on gasoline margins, even though margins for middle distillates are still very healthy. And with three other large Asian refinery projects scheduled to come online in 2019 – one in Brunei and two in China – that glut will only grow.
The safety valve for RAPID (and indeed the other refineries due this year) is that they have been planned with deep petrochemicals integration, using naphtha produced from the refinery portion. RAPID itself is planned to have capacity of 3 million tpa of ethylene, propylene and other olefins – still a lucrative market that justifies the mega-investment. But it will be at least two years before RAPID’s petrochemicals portion will be ready to start up, and when it does, it’ll face the same set of challenging circumstances as refineries like Hengli’s 400 kb/d Dalian Changxing plant also bring online their petchem operations. But that is a problem for the future and for now, RAPID is first out of the gate into reality. It won’t be entering in a bonanza fuels market as predicted in 2012, but there is still space in the market for RAPID – and a few other like in – at least for now.
RAPID Refinery Factsheet:
Tyre market in Bangladesh is forecasted to grow at over 9% until 2020 on the back of growth in automobile sales, advancements in public infrastructure, and development-seeking government policies.
The government has emphasized on the road infrastructure of the country, which has been instrumental in driving vehicle sales in the country.
The tyre market reached Tk 4,750 crore last year, up from about Tk 4,000 crore in 2017, according to market insiders.
The commercial vehicle tyre segment dominates this industry with around 80% of the market share. At least 1.5 lakh pieces of tyres in the segment were sold in 2018.
In the commercial vehicle tyre segment, the MRF's market share is 30%. Apollo controls 5% of the segment, Birla 10%, CEAT 3%, and Hankook 1%. The rest 51% is controlled by non-branded Chinese tyres.
However, Bangladesh mostly lacks in tyre manufacturing setups, which leads to tyre imports from other countries as the only feasible option to meet the demand. The company largely imports tyre from China, India, Indonesia, Thailand and Japan.
Automobile and tyre sales in Bangladesh are expected to grow with the rising in purchasing power of people as well as growing investments and joint ventures of foreign market players. The country might become the exporting destination for global tyre manufacturers.
Several global tyre giants have also expressed interest in making significant investments by setting up their manufacturing units in the country.
This reflects an opportunity for local companies to set up an indigenous manufacturing base in Bangladesh and also enables foreign players to set up their localized production facilities to capture a significant market.
It can be said that, the rise in automobile sales, improvement in public infrastructure, and growth in purchasing power to drive the tyre market over the next five years.