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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 , [ 1 ] as well as the marketing and distribution of products derived from crude oil and natural gas .
Abu Dhabi National Oil Co. plans to double its refining capacity and triple petrochemicals output potential by 2025, as the state energy firm focuses more on downstream expansion to be on par with ...
Upstream regards exploration and extraction of crude oil, midstream encompasses transportation and storage of crude, and downstream concerns refining crude oil into various end products. Petroleum is vital to many industries, and is necessary for the maintenance of industrial civilization in its current configuration, making it a critical ...
The refinery project will also include petrochemical complex, energy facilities, pipeline and storage systems. In addition to LPG , unleaded gasoline, kerosene , jet fuel , diesel and FO, the refinery is projected to produce bitumen , propylene and BTX as a raw material for the petrochemical industry.
Eight members of the OPEC+ alliance of oil exporting countries decided Thursday to put off increasing oil production as they face weaker than expected demand and competing production from non ...
Australia is a major petroleum producer and importer, with a number of petroleum companies involved in upstream and downstream operations. Western Australia is the largest contributor to Australia's production of most petroleum products.
The petrochemicals company so far has invested $3 billion in capital infrastructure in the U.S. in a bid to boost its growth. ... “Europe’s a mess for petrochemicals today,” Ratcliffe said ...
Saudi Aramco's downstream operations are shifting emphasis to integrate refineries with petrochemical facilities. Their first venture into it is with Petro Rabigh, which is a joint venture with Sumitomo Chemical Co. that began in 2005 on the coast of the Red Sea. [13]