Oil terminal in the context of "Petroleum industry"

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⭐ Core Definition: Oil terminal

An oil terminal (also called a tank farm, tankfarm, oil installation or oil depot) is an industrial facility for the storage of oil, petroleum and petrochemical products, and from which these products are transported to end users or other storage facilities. An oil terminal typically has a variety of above or below ground tankage; facilities for inter-tank transfer; pumping facilities; loading gantries for filling road tankers or barges; ship loading/unloading equipment at marine terminals; and pipeline connections.

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Oil terminal in the context of Gas industry

The petroleum industry, also known as the oil industry, includes the global processes of exploration, extraction, refining, transportation (often by oil tankers and pipelines), and marketing of petroleum products. The largest volume products of the industry are fuel oil and gasoline (petrol). Petroleum is also the raw material for many chemical products, including pharmaceuticals, solvents, fertilizers, pesticides, synthetic fragrances, and plastics. The industry is usually divided into three major components: upstream, midstream, and downstream. Upstream regards exploration and extraction of crude oil, midstream encompasses transportation and storage of it, and downstream concerns refining crude oil into various end products.

Petroleum is vital to many industries, and is necessary for the maintenance of industrial civilization in its current configuration, making it a critical concern for many nations. Oil accounts for a large percentage of the world's energy consumption, ranging from a low of 32% for Europe and Asia, to a high of 53% for the Middle East.

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Oil terminal in the context of Al Wakrah

Al Wakrah (Arabic: الوكرة, romanizedal-Wakra) is the capital city of the Al Wakrah Municipality in Qatar. Al Wakrah's eastern edge touches the shores of the Persian Gulf and Qatar's capital Doha is situated immediately north of the city. Governed by Sheikh Abdulrahman bin Jassim Al Thani, it was originally a small fishing and pearling village. Over the years, it evolved into a small city with a population of more than 80,000 and is currently one of Qatar's most populous cities.

The city was historically used as a pearling center during the period in which Qatar's economy was almost entirely dependent on the bustling pearling industry. According to the United States Hydrographic Office, by 1920, there were approximately 300 ships situated in the town. A following study carried out by the British in 1925 stated that there were 250 boats in Wakrah's port. Al Wakrah was thought to encompass the so-called 'Pirate Coast', as stated by a report written in 1898. Once the country began large-scale oil operations in the mid-20th century, Al Wakrah became more important due to its proximity to the Mesaieed Industrial Area, Qatar's main industrial manufacturing hub and oil terminal.

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