Processing, transporting and selling refined products made from crude oil is the business of the downstream segment of the oil and gas industry.
Key downstream business sectors include:
Oil Refining – Products and Participants
Crude oils are not uniform, but rather are mixtures of thousands of different compounds called hydrocarbons. Each component of each compound has its own size, weight and boiling temperature.
Refineries process crude into a variety of useful products through a number of different processing units using heat and pressure to separate the products. The resulting petroleum products are often classified as light, medium and heavy, and include:
Light Products
Medium Products – Middle Distillates
Heavy Products
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