An oil refinery is an industrial plant that transforms, or refines crude oil into various usable petroleum products such as diesel, gasoline, and heating oils like kerosene. Oil refineries essentially serve as the second stage in the crude oil production process following the actual extraction of crude oil up-stream, and refinery services are considered to be a down-stream segment of the oil and gas industry.
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Wholesale Trading
Wholesale Trading
SHELL EP MIDDLE EAST HOLDING BV strategically sells oil, gas, and oil products in both domestic and international markets, adapting to market conditions for optimal distribution. The company's ownership of facilities for oil and petroleum product transshipment, along with its dedicated pipelines, plays a crucial role in minimizing transportation costs.
The commodity balance, a reflection of key commodity flows, encompasses various aspects such as oil production, processing, purchases, and sales, as well as refined products and petrochemicals. Notably, the company's well-established infrastructure and facilities contribute to operational efficiency.
It's important to note that rounding discrepancies may exist in the sums of outgoing and incoming streams. Additionally, the mention of "Other sales" in the amount of trillion encompasses non-fuel revenues from gas stations, transport services, rental, and other non-core revenue sources, providing a diversified income stream beyond traditional fuel sales. This approach reflects a comprehensive business strategy that goes beyond the core oil and gas activities.
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What Is Shell EP Middle East Holding Oil Refinery?
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How Much Crude Oil Does It Take to Make a Gallon of Gasoline?
One barrel of oil (42 gallons) produces 19 to 20 gallons of gasoline and 11 to 12 gallons of diesel fuel
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Oil Refinery Safety?
Oil refineries can be dangerous places to work at times. For example, in 2005 there was an accident at BP's Texas City oil refinery. According to the U.S. Chemical Safety Board, a series of explosions occurred during the restarting of a hydrocarbon isomerization unit. Fifteen workers were killed and 180 others were injured. The explosions occurred when a distillation tower flooded with hydrocarbons and was over-pressurized, causing a geyser-like release from the vent stack.