MID

STREA

M G

AS SECTO

RD

OW

NSTR

EAM

GA

S SECTOR

UP

STREA

M G

AS SECTO

RM

IDST

REA

M O

IL S

ECTO

RD

OW

NST

REA

M O

IL S

ECTO

RU

PST

REA

M O

IL S

ECTO

R

Direct Markets

OIL GAS

Crude Oil Tanker

Crude Pipeline

Product Pipeline

Product Carrier

Intermediate Bulk Storage

Crude Storage

Product Storage Crude Refining

Regional Distribution Regional Storage

Retail MarketsRetail Markets

LNG Receiving and Vaporization Facility

LNG Transportation

Local LNG Storage

Local Distribution Company (LDC)

Liquefaction

LNG

LNG Ship

Gas Pipeline

Oilfield/Gasfield development and production

THE OIL VALUE CHAIN THE GAS VALUE CHAIN

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Marketing & Trading of Crude Oil Dry Gas Associated Gas Wet (Rich) Gas

Gas processing

Fractionization

PetrochemicalLPG fuels, Refinery,

PetrochemicalsGas Liquids Market

Condensate

Oil & Gas Agreements

Drilling & Well Completion

Exploration Process

The Complexities of the Oil and Gas Distribution Chain