What do the three sectors; Upstream, Downstream and Midstream have to do with oil?

Some people refer to petroleum as rock oil because of where it originated from. Petroleum can actually be traced back hundreds of years ago and was formed when oil and natural gas merged together. It is categorized as a fossil fuel because it is composed of decayed plant and animal matter. “The substance is made up of hundreds of hydrocarbons molecules which can be harvested in two forms – liquid (referred to as crude oil) and vapour (referred to as natural gas). The harvesting process…

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Did we forget about the Downstream Oil and Gas sector?

“Handling the downstream activities of the oil and gas sector need to be seriously considered as lawmakers deliberate a new oil and gas draft law to replace the existing 2001 law.” The downstream sector commonly refers to the refining of petroleum crude oil and the processing and purifying of raw natural gas, as well as the marketing and distribution of products derived from crude oil and natural gas. There needs to be more focus on opening more access to facilities and developing refineries that are…

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