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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.
A natural-gas processing plant in Aderklaa, Austria. Natural-gas processing is a range of industrial processes designed to purify raw natural gas by removing contaminants such as solids, water, carbon dioxide (CO 2), hydrogen sulfide (H 2 S), mercury and higher molecular mass hydrocarbons to produce pipeline quality dry natural gas [1] for pipeline distribution and final use. [2]
Pipelines and other transport systems can be used to move crude oil from production sites to refineries and deliver the various refined products to downstream distributors. [1] [2] [3] Natural gas pipeline networks aggregate gas from natural gas purification plants and deliver it to downstream customers, such as local utilities.
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Processing/refining: Processing and refining operations turn crude oil and gas into marketable products. In the case of crude oil, these products include heating oil , gasoline for use in vehicles, jet fuel , and diesel oil . [ 34 ]
Petrolex downstream operations include the processing of petroleum products, the supply and distribution of gas oil, kerosene; and the retail marketing of specific oil products. Petrolex has built a storage-tank farm and other “mid-stream infrastructure” for $330 million. [ 1 ]
Why are investors willing to pay only 10 times earnings for some stocks, but 20, 50, even 100 times earnings for others? The short answer: growth. Companies that can grow their earnings ...
Marketing of natural gas, as well as operating a gas-to-liquids plant. The Downstream segment engages in: Refining crude oil into petroleum products. Marketing crude oil, refined products, and ...
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