What is downstream energy storage

What is a downstream sector?

The downstream sector reaches consumers through products such as gasoline or petrol, kerosene, jet fuel, diesel oil, heating oil, fuel oils, lubricants, waxes, asphalt, natural gas, and liquefied petroleum gas(LPG) as well as naphthaand hundreds of petrochemicals.

What are downstream operations?

Downstream operations are the processes involved with converting oil and gas into their finished products. There are upstream, midstream, and downstream operations within the oil and gas industries. Downstream operations can also play a part in the medical field and agriculture sector.

What is the difference between upstream and downstream operations?

Upstream operations include identifying, extracting, or producing materials. Downstream operations include the post-production of crude oil and natural gas, bringing products to consumers. Companies that provide transportation and storage services for oil and gas products are considered midstream operators.

What is a downstream company?

Companies in the downstream sector are those that provide the closest link to everyday users. After crude oil is discovered and extracted—the upstream process—it's shipped and transported—the midstream process. Thereafter, the oil is refined, marketed, distributed, and sold, which is the downstream process.

What is a downstream oil & gas production company?

Downstream oil and gas production companies are close to the end-user or consumer, and operations begin after the production phase and continue to the point of sale. Companies engaged in the downstream process include oil refineries, petroleum product distributors, petrochemical plants, natural gas distributors, and retail outlets.

What is the difference between upstream and downstream oil and gas?

Upstream operators are major diversified oil and gas firms, such as Exxon-Mobil (XOM). Downstream oil and gas production companies are close to the end-user or consumer, and operations begin after the production phase and continue to the point of sale.