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petroleum industry

File:Petroleum_industry.webp · Wikimedia Commons · See Wikimedia Commons

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petroleum industry

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Also known as oil industry, crude petroleum and natural gas production, oil and gas industry, petroleum sector, oilpatch, petroleum production, oil patch, petroleum company

activities linked to handling oil products

Wikidata facts

Has part
oil company
Image
Oil well.jpg
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product or material produced
petrochemical product
Commons category
Petroleum industry
topic's main category
Category:Petroleum industry
topic has template
Template:Petroleum industry
OpenStreetMap tag
industrial=oil
on focus list of Wikimedia project
WikiProject Climate change
history of topic
history of petroleum
facet of
petroleum
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~27 min read

Encyclopedic overview

Petroleum industry map showing oil pipelines, natural gas pipelines, refineries, and petroleum fields World oil reserves as of 2013 Venezuela and Middle Eastern countries have the largest proven crude oil reserves.

The petroleum industry, also known as the oil industry, includes the global processes of exploration, extraction, refining, transportation (often by oil tankers and pipelines), and marketing of petroleum products. 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. Upstream regards exploration and extraction of crude oil, midstream encompasses transportation and storage of it, and downstream concerns refining crude oil into various end products.

Excerpted from Wikipedia’s “petroleum industry” article, available under the CC BY-SA 4.0 licence.

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