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The PJSC Lukoil Oil Company (Russian: Лукойл, romanized: Lukoyl, IPA: [ˈluːkɔɪl] stylized as LUKOIL or ЛУКОЙЛ in Cyrillic script) is a Russian multinational energy corporation headquartered in Moscow, specializing in the business of extraction, production, transport, and sale of petroleum, natural gas, petroleum products, and electricity.
Bharat Petroleum — India; BP (advertising tagline "Beyond Petroleum"; initials stood for British Petroleum, but with the merger of Amoco in 1998, BP is the actual corporate name) Amoco — United States, was used as a fuel grade until BP brought it back as a fuel brand in 2017; Aral — Germany, Luxembourg
The midstream sector involves the transportation (by pipeline, rail, barge, oil tanker or truck), storage, and wholesale marketing of crude or refined petroleum products. 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.
India was the second top net crude oil (including crude oil products) importer of 205.3 Mt in 2019. [4] By March 2021, India's domestic crude oil production output fell by 5.2% and natural gas production by 8.1% in the FY21 as producers extracted 30.4917 Mt of crude oil and 28.67 BCM of natural gas in the fiscal year.
In October 2016, Rosneft bought a 49% stake in Essar Oil of India, along with Russian investment fund United Capital, in a deal worth $13 billion. [ 40 ] On 7 December 2016, Rosneft signed a deal to sell 19.5% of the outstanding shares, or roughly US$11 billion, to the Anglo-Swiss multinational commodity trader Glencore and the Qatar Investment ...
Industrial suppliers Moscow: 2000 Defense & military products exporting service provider, part of Rostec: Rosneft: Роснефть Oil & gas Oil & gas producers Moscow: 1993 Petroleum Rosseti: Россети Utilities Electricity Moscow: 2008 Electric power distribution Rossiya Airlines: Consumer services Airline Saint Petersburg: 1934
Petroleum products are materials derived from crude oil as it is processed in oil refineries. Unlike petrochemicals, which are a collection of well-defined usually pure organic compounds, petroleum products are complex mixtures. [1] Most petroleum is converted into petroleum products, which include several classes of fuels. [2]
The largest volume products of the industry are fuel oil and gasoline (petrol). Petroleum is also the raw material for many chemical products, including pharmaceuticals, solvents, fertilizers, pesticides, synthetic fragrances, and plastics. The industry is usually divided into three major components: upstream, midstream, and downstream.