Oil refining in the context of Republika Srpska


Oil refining in the context of Republika Srpska

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⭐ Core Definition: Oil refining

An oil refinery or petroleum refinery is an industrial process plant where petroleum (crude oil) is transformed and refined into products such as gasoline (petrol), diesel fuel, asphalt base, fuel oils, heating oil, kerosene, liquefied petroleum gas and petroleum naphtha. Petrochemical feedstock 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. In 2020, the total capacity of global refineries for crude oil was about 101.2 million barrels per day.

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 many different technologies and can be thought of as types of chemical plants. Since December 2008, the world's largest oil refinery has been the Jamnagar Refinery owned by Reliance Industries, located in Gujarat, India, with a processing capacity of 1.24 million barrels (197,000 m) per day.

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Oil refining in the context of Port of Singapore

The Port of Singapore is a collection of facilities and terminals that conduct maritime trade and handle Singapore's harbours and shipping. Since 2015, it has been ranked as the world's top maritime capital. Currently, it is ranked as the world's second-busiest port in terms of total shipping tonnage, while also transshipping a fifth of the world's shipping containers, and half of the world's annual crude oil supplies, alongside being ranked as the world's busiest transshipment port. Furthermore, it was also ranked as the world's busiest port in terms of total cargo tonnage handled until 2010, when it was surpassed by the Port of Shanghai.

Due to the city-state's strategic location, Singapore has served as a significant entrepôt and trading post on an international level for at least two centuries. During the contemporary era, its ports have been regarded not merely as an economic boon for the country, but as vitally important for the country's economic development since Singapore lacks land and natural resources. Additionally, the port is regarded as particularly important for importing natural resources, and then later re-exporting products after they have been domestically refined and shaped in some manner, for example, wafer fabrication or oil refining to generate value-added revenue. The Port of Singapore is also the world's largest bunkering port. Moreover, the majority of ships that pass between the Indian Ocean and the Pacific Ocean go through the Singapore Strait. The Straits of Johor on the country's north are impassable for ships due to the Johor-Singapore Causeway, built in 1923, which links the town of Woodlands, Singapore, to the city of Johor Bahru in Malaysia.

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Oil refining in the context of Kaohsiung

Kaohsiung, officially Kaohsiung City, is a special municipality located in southern Taiwan. It ranges from the coastal urban center to the rural Yushan Range with an area of 2,952 km (1,140 sq mi) making It the largest city in Taiwan by area. Kaohsiung City has a population of approximately 2.72 million people and is Taiwan's third most populous city and the largest city in southern Taiwan.

Founded in the 17th century as a small trading village named Tancoia, a name of uncertain origins, the city has since grown into the economic center of southern Taiwan, with key industries such as manufacturing, steel-making, oil refining, freight transport and shipbuilding. It is classified as a "Sufficiency" level global city by the Globalization and World Cities Research Network, with some of the most prominent infrastructures in Taiwan.

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Oil refining in the context of Base oil

Base oils are used to manufacture products including lubricating greases, motor oil and metal processing fluids. Different products require different compositions and properties in the oil. One of the most important factors is the liquid’s viscosity at various temperatures. Whether or not a crude oil is suitable to be made into a base oil is determined by the concentration of base oil molecules as well as how easily these can be extracted.

Base oil is produced by means of refining crude oil. This means that crude oil is heated in order to separate various distillates from one another. During the heating process, light and heavy hydrocarbons are separated – the light ones can be refined to make petrol and other fuels, while the heavier ones are suitable for bitumen and base oils.

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Oil refining in the context of Moscow Oblast

Moscow Oblast (Russian: Московская область, romanizedMoskovskaya oblastʹ, IPA: [mɐˈskofskəjə ˈobləsʲtʲ], informally known as Подмосковье, Podmoskovye, IPA: [pədmɐˈskovʲjə]) is a federal subject of Russia (an oblast). With a population of 8,524,665 (2021 Census) living in an area of 44,300 square kilometers (17,100 sq mi), it is one of the most densely populated regions in the country and is the second most populous federal subject. The oblast has no official administrative center; its public authorities are located in Moscow and Krasnogorsk (the Moscow Oblast Duma and the local government), and also across other locations in the oblast.

Located in European Russia between latitudes 54° and 57° N and longitudes 35° and 41° E, Moscow Oblast borders Tver Oblast in the northwest, Yaroslavl Oblast in the north, Vladimir Oblast in the northeast and east, Ryazan Oblast in the southeast, Tula Oblast in the south, Kaluga Oblast in the southwest, and Smolensk Oblast in the west. The oblast mostly surrounds the federal city of Moscow, which is not part of the oblast, but rather a separate federal subject in its own right. The oblast is highly industrialized, with the major industries being metallurgy, oil refining, and mechanical engineering, along with the food, energy, and chemical industries.

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Oil refining in the context of John D. Rockefeller Sr.

John Davison Rockefeller Sr. (July 8, 1839 – May 23, 1937) was an American businessman and philanthropist. He was one of the wealthiest Americans of all time and one of the richest persons in modern history. Rockefeller was born into a large family in Upstate New York who moved several times before eventually settling in Cleveland, Ohio. He became an assistant bookkeeper at age 16 and went into several business partnerships beginning at age 20, concentrating his business on oil refining. Rockefeller founded the Standard Oil Company in 1870. He ran it until 1897 and remained its largest shareholder. In his retirement, he focused his energy and wealth on philanthropy, especially regarding education, medicine, higher education, and modernizing the Southern United States.

Rockefeller's wealth grew substantially as kerosene and gasoline became increasingly important commodities, eventually making him the richest person in the United States. By 1900, Standard Oil controlled about 90% of the nation's oil production. The company lowered production costs and expanded oil distribution through corporate and technological innovations, but it also benefited from a legal environment that enabled consolidation. Critics argue that regulatory capture played a role in facilitating its monopoly power–a view reinforced by Rockefeller's reputed remark, "Competition is a sin."

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