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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 .
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 ...
In June 2010, NIS was transformed into an open joint-stock company, and is listed on the Belgrade Stock Exchange since 30 August 2010. [7] In March 2011, Gazprom Neft announced that it will purchase an additional 5.15% of shares of NIS, increasing their original share from 51% to 56%. [8] NIS held a monopoly on all oil imports in Serbia until 2011.
The first Phillips 66 logo, branded by the Phillips Petroleum Co. in 1930. The Phillips 66 shield logo, linking it to U.S. Route 66, was introduced in 1930. [11] After a series of changes to the color scheme including the popular dark green with orange and blue trim, [11] the company settled on black and orange color scheme that would last nearly thirty years.
Traders work on the floor of the New York Stock Exchange on June 01, 2023 in New York City. Spencer Platt/Getty. US stocks were mostly lower on Monday, pulling back from last week's record highs ...
Donald Trump rang the opening bell at the New York Stock Exchange on Thursday. One of Wall Street's biggest bulls sees the S&P 500 soaring 16% early next year before a sharp sell-off in the 2nd half
Stock market today: Wall Street gets back to climbing, and the Nasdaq tops 20,000 ... 2024 at 4:20 PM. People gather in front of the New York Stock Exchange in New York's Financial District on ...
1997: Petrochemical Corporation of Singapore (Pte.) Ltd., an affiliate in Singapore, commences operation of a new ethylene cracker in April under its second phase expansion project, bringing the total ethylene capacity to one million tons per year, and making it the largest petrochemical complex in East Asia consisting of various downstream units.