The loading of crude oil at the terminal is an activity in the
ECONOMICS
JAMB 2014
The loading of crude oil at the terminal is an activity in the
- A. downstream sector of the oil industry
- B. upstream and downstream sector of the oil industry
- C. upstream sector of the oil industry
- D. midstream and upstream sectors of the oil industry
Correct Answer: C. upstream sector of the oil industry
Explanation
The terms upstream and downstream oil and gas production refer to an oil or gas company's location in the supply chain. Upstream oil and gas production is conducted by companies who identify, extract, or produce raw materials.
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