Trading Terms for a 30kW Folding Container for Oil Refineries

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4 FAQs about Trading Terms for a 30kW Folding Container for Oil Refineries

What is a crude oil refinery?

Refinery It is a large industrial facility that processes oil (crude petroleum) into usable petroleum products such as gasoline, diesel, kerosene and asphalt. The crude oil is separated into different components and refined into the desired products through various chemical processes. 61. Reserves

What is oil & gas trade documentation?

Comprehensive Reference for Oil & Gas Trade Documentation An expertly compiled glossary of key terms, abbreviations, and formal document titles used in global petroleum trading. This guide ensures accuracy, clarity, and standardization in contract drafting, negotiation, and procedural alignment.

What are the terminologies used in oil and gas trading?

The terminologies are used in oil and gas trading business between buyer and seller’s companies. Sometimes, the Tank Farm, storage parties such as refinery, end buyers, seller-side and buyer-side agents. ATV : Authorization to Verify Barrel It is a unit of volume measurement used for petroleum and its products.

What is the difference between refinery yield and refining margin?

Refinery yield: the amount of each product produced when a specific crude is processed in a specific refinery expressed as a percentage of total input of crude oil and unfinished oils in a given period. Refining margin: the product value less the feedstock and refining costs and value of any loss in the refining process.