Essay On Petroleum Industry

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The petroleum industry comprise the operations of exploration, extraction, refining, transporting (often by oil tankers and pipelines), and marketing of petroleum products of the world. Fuel oil and gasoline (petrol) are the huge volume products of the industry. The raw material for many chemical products, involving pharmaceuticals, solvents, fertilizers, pesticides, and plasticsispetroleum (oil). There are three sectors in which petroleum industry is split: upstream,downstream andmidstream. Petroleum is necassaryfor many industries, and have great significance to the advancement of industrial progress in its current configuration, and that is why many nations have serious concern. Oil importanceof the world’s energy expenditurehave high percentage,…show more content…
When 20th century begins, Russia's oil production,is almost half of the production of world and influenced overglobal markets. About 200 refineries functioned in the Baku by 1884. As a consequence of these early progress, the Russia appeared as the world's oldest inheritance of environmental negligenceand oil pollution. The first ever well were drilled with smashing toolsto the depth of 21 meters for oil exploration in 1846 in Baku. Ludvig Nobel and hiscompany "revolutionized oil transport" by recruiting the first everoil tanker and introducing the tanker on Caspian Seain 1878. In 1854-56, in Jaslo (Poland) the first modern oil refineries were constructed. Initially there refineries were small as demand was restrictedfor purified fuel. The productsafter refining were used in lubricants and machine oil,synthetic asphalt, including kerosene lamp. The refining industry grew in the area after the popularity of kerosene
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