Petroleum industry

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  • petroleum industry
definition
  • Manufacturing industry utilizing complex combination of interdependent operations engaged in the storage and transportation, separation of crude molecular constituents, molecular cracking, molecular rebuilding, and solvent finishing to produce petrochemical products.
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Abstract from DBPedia
    The petroleum industry, also known as the oil industry or the oil patch, 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 crude, and downstream concerns refining crude oil into various end products. Petroleum is vital to many industries, and is necessary for the maintenance of industrial civilization in its current configuration, making it a critical concern for many nations. Oil accounts for a large percentage of the world’s energy consumption, ranging from a low of 32% for Europe and Asia, to a high of 53% for the Middle East. Other geographic regions' consumption patterns are as follows: South and Central America (44%), Africa (41%), and North America (40%). The world consumes 36 billion barrels (5.8 km³) of oil per year, with developed nations being the largest consumers. The United States consumed 18% of the oil produced in 2015. The production, distribution, refining, and retailing of petroleum taken as a whole represents the world's largest industry in terms of dollar value. The oil and gas industry spends only 0,4% of its net sales for Research & Development which is in comparison with a range of other industries the lowest share. Governments such as the United States government provide a heavy public subsidy to petroleum companies, with major tax breaks at various stages of oil exploration and extraction, including the costs of oil field leases and drilling equipment. In recent years, enhanced oil recovery techniques — most notably multi-stage drilling and hydraulic fracturing ("fracking") — have moved to the forefront of the industry as this new technology plays a crucial and controversial role in new methods of oil extraction.

    石油産業(せきゆさんぎょう。petroleum industry、oil industry、oil patch)は、石油製品の、、精製、(多くの場合、石油タンカーやパイプラインが使われる)、販売の世界的な展開が含まれる。量的に最大を占めるのは重油とガソリンである。石油は、医薬品、溶剤、肥料、農薬、合成香料、プラスチックなど、多くの石油化学製品(Petrochemical)の原料でもある。石油は法外な金銭的価値から「黒い黄金(ブラックゴールド)」として知られるようになった。石油産業は通常、上流(アップストリーム)、中流(ミッドストリーム)、下流(ダウンストリーム)の3つに大きく分けられる。上流には主に掘削と生産が含まれる。

    (Source: http://dbpedia.org/resource/Petroleum_industry)