Oil refining is a key element of the global energy system. Oil demand is likely to exceed 100 million barrels per day (MMbd) in 2019, and almost all of this takes the form of refined products such as gasoline and diesel. Refiners earn a margin from the difference between the prices of crude oil and oil products – In the Downstream sector crude oil arrives at processing plants where it is refined and eventually turned into various products which will then be sold and distributed. Introduction to Downstream Online Course: this easy-to-follow Introduction to Downstream video course is designed as a non-technical introduction to the downstream segment of the oil and gas industry. In about 1 hour, we will cover 4 main modules containing an overview of downstream, refining, supply & trade and product marketing. The downstream sector commonly refers to the refining of petroleum crude oil and the processing and purifying of raw natural gas, as well as the marketing and distribution of products derived from crude oil and natural gas. The downstream sector touches consumers through products such as gasoline or petrol, kerosene, jet fuel, diesel oil, Basically, the difference between upstream and downstream companies is that the latter are further removed from the actual extraction of crude oil from the ground than the former. Upstream
Downstream activities involve the retail sale of petroleum products. Gasoline stations are perhaps the most visible downstream companies, but companies that Abstract Worldwide petroleum refining industry is entering into a significant era due to the depletion of light crude. The light crude sources are turning into heavy The Downstream Sector processes crude oil into finished products like heating oil, asphalt, lubricants, synthetic rubber, plastics, fertilizers, pesticides, and Our Downstream organisation manages different Oil Products and Chemicals activities as part of an integrated value chain that trades and refines crude oil and
Downstream. • The petroleum industry can be divided into three broad segments: crude oil exploration and production, refining and product distribution and
5 Sep 2019 The memorandum of understanding (MoU) also includes a long-term crude oil supply agreement and gives Aramco the opportunity to use The oil downstream activities market covers the global oil downstream post extraction activities for crude oil and natural gas, including refined petroleum Downstream (petroleum industry) The oil and gas industry is usually divided into three major sectors: upstream, midstream, and downstream. The downstream sector is the refining of petroleum crude oil and the processing and purifying of raw natural gas, as well as the marketing and distribution of products derived from crude oil and natural gas.
Product is recovered for onward transportation and processing utilising midstream and downstream infrastructure through which crude oil, natural gas and other