The loading of crude oil at the terminal is an activity in the

Assessment: JAMB UTME - Economics - 2014 Subject: Economics

Question 1 Report

The loading of crude oil at the terminal is an activity in the
Answer Details
The oil and gas industry is usually divided into three major sectors: upstream, midstream, and downstream. The upstream industry finds and produces crude oil and natural gas. The upstream is sometimes known as the exploration and production (E&P) sector. The downstream sector is 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.

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