Oil & Gas (3) – The Downstream Dilemma By Nasir Ahmad El-Rufai

The downstream parts of the oil and gas sector include all activities following the delivery of crude oil to processing plants for refining, conversion and value addition into gasoline, diesel, kerosene and petrochemicals, including transportation, storage, marketing of the finished products and associated services. The value chain entails the supply of crude oil to the refineries, primary distribution from refineries to terminals, secondary distribution to depots and distribution to retail outlets for marketing.  In a country where nearly 80 percent of urban family incomes go towards food, rent and transportation costs, the prices of cooking gas, kerosene and gasoline constitute a lion share of the cost of living. view full text

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