Virtualization on a Dedicated Machine

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I have recently got a hold of a dedicated server Dell-PowerEdge-R720 with Oracle Enterprise Linux installed on it. Now i want to create few virtual machines with Oracle Enterprise Linux images installed on them. Is there any step by step guide which explains the configuration . Plus I have only 1 IP which is assigned to this dedicated machine , so is there a way that I can create a NAT type of configuration with virtual hosts something like.


abc.com -- > Virtual machine 1 xyz.com --> Virtual machine 2

and so on..


Also any GUI to configure the virtual machines.


Any pointers here will be really helpful.


Thanks in advance


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