Oil Refinery Stocks List
Related Industries: Oil & Gas Refining & Marketing Shipping & Ports
Symbol | Grade | Name | Weight | |
---|---|---|---|---|
TPMN | A | The Timothy Plan Timothy Plan Market Neutral ETF | 5.79 | |
OCTA | F | Octane All-Cap Value Energy ETF | 4.1 | |
SEA | D | U.S. Global Sea to Sky Cargo ETF | 4.04 | |
ZIG | B | The Acquirers Fund | 2.57 | |
PXE | F | PowerShares Dynamic Energy E&P | 2.08 |
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- Oil Refinery
An oil refinery or petroleum refinery is an industrial process plant where crude oil is transformed and refined into more useful products such as petroleum naphtha, gasoline, diesel fuel, asphalt base, heating oil, kerosene, liquefied petroleum gas, jet fuel and fuel oils. Petrochemicals feed stock like ethylene and propylene can also be produced directly by cracking crude oil without the need of using refined products of crude oil such as naphtha. The crude oil feedstock has typically been processed by an oil production plant. There is usually an oil depot at or near an oil refinery for the storage of incoming crude oil feedstock as well as bulk liquid products. According to the Oil and Gas Journal in the world a total of 636 refineries were operated on the 31 December 2014 for a total capacity of 87.75 million barrels (13,951,000 m3).Oil refineries are typically large, sprawling industrial complexes with extensive piping running throughout, carrying streams of fluids between large chemical processing units, such as distillation columns. In many ways, oil refineries use much of the technology, and can be thought of, as types of chemical plants. Jamnagar Refinery is the largest oil refinery, since 25 December 2008, with a processing capacity of 1.24 million barrels (197,000 m3). Located in Gujarat, India, it is owned by Reliance Industries. Some modern petroleum refineries process as much as 800,000 to 900,000 barrels (127,000 to 143,000 cubic meters) of crude oil per day.An oil refinery is considered an essential part of the downstream side of the petroleum industry.
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