oil wells bring crude oil which is then refined into more useful products. which of these...
Homework Answers
Petroleum refining or Oil refining is an industrial process in which crude oil is extracted from the ground and transformed and refined into useful products like Liquefied Petroleum Gas (LPG), kerosene, asphalt base, jet fuel, gasoline, heating oil, fuel oils etc
Petroleum is a substance that occurs naturally. It is a dark liquid. It occurs beneath the earth’s surface. A large number of products like petrol, diesel, lubricating oil, etc derive from petroleum.
Products produced in Petroleum Refining Process
- Petroleum Gas: Generally, liquefied petroleum gas is useful for domestic fuel.
- Gasoline: Procuration of petrol occurs from this fraction.
- Kerosene: It is used as domestic fuel and also as fuel in jet engines.
- Diesel oil or light oil: It is useful in the automobile industry.
- Heavy Oil or Lubricating Oil: This type of oil is used in making lubricating oils.
- Fuel Oil: It is essential for ships, central heating, and factories.
- Residue: We can procure products like paraffin wax, bitumen from this residue. It is useful for making roads and roofing.
ANS: PETROL
Add Answer to:
oil
wells bring crude oil which is then refined into more useful
products. which of these...
Process Some Products produced from Pprocess Refining a barrel of crude oil Gasoline, diesel fuel, gas,...
Process Some Products produced from Pprocess Refining a barrel of crude oil Gasoline, diesel fuel, gas, naphtha, kerosene Distillation of coal Coke, gas Processing of mineral ore Gold, silver Processing of raw milk Cream milk, liquid milk, cheese Questions 1. The cost of refining a barrel of crude oil is $500 dollars per barrel. The company refines 4 barrels of crude oil and the result of this process leads to the production of gasoline and kerosene. Identify the amount of...
U.S. crude oil and natural gas production increased in 2018, with 10% fewer wells 2/3/2020 WASHINGTON...
U.S. crude oil and natural gas production increased in 2018, with 10% fewer wells 2/3/2020 WASHINGTON - In 2018, while production was increasing, the total number of wells producing crude oil and natural gas in the United States fell to 982,000, down from a peak of 1,035,000 wells in 2014. This increase in production, despite the decline in the number of wells, reflects advances in technology and drilling techniques. The U.S. Energy Information Administration (EIA)’s updated U.S. Oil and Natural...
Toil & Oil processes crude oil to jointly produce gasoline, diesel, and kerosene. One batch produces...
Toil & Oil processes crude oil to jointly produce gasoline, diesel, and kerosene. One batch produces 3,415 gallons of gasoline, 2,732 gallons of diesel, and 1,366 gallons of kerosene at a joint cost of $12,000. After the split-off point, all products are processed further, but the estimated market price for each product at the split-off point is as follows: Gasoline $2 per gallon Diesel 1 per gallon Kerosene 3 per gallon Using the market value at split-off method, allocate the...
Congratulations! You have just been hired by Refiners-R-Us. As part of your initial training, you have...
Congratulations! You have just been hired by Refiners-R-Us. As part of your initial training, you have been asked to analyze two crude oils that they are considering for refining operations. Calculate the profit per barrel for each crude oil, Crude X and Crude Y. The costs of each crude oil and the refining costs are shown below. State which crude oil is the most profitable to refine and also state what the refining margin is in $ per barrel. INPUTS...
Suppose that you are a gasoline refiner. You convert crude oil into gasoline and other refined...
Suppose that you are a gasoline refiner. You convert crude oil into gasoline and other refined products.Which option could you trade to hedge your natural position in gasoline if you want to chose to exercise or not? A) A long put B) A short put C) A long call D) A short call
You are a Logistics manager for VKT Corp., and energy extraction and production company. A oil...
You are a Logistics manager for VKT Corp., and energy extraction and production company. A oil well in the company's portfolio is generating 10,000 barrels of crude oil per day in excess o present sale commitments. The crude oil can be sold as is on the commodities markets, or refined and converted into other products which may be sold for higher prices, and potential be worth more. You have been assigned to determine the company's best course of action. Prepare...
SK company purchases crude vegetable oil. Refining this oil results in three products at splitoff point:...
SK company purchases crude vegetable oil. Refining this oil results in three products at splitoff point: C, D and E. Product C and D are intermediate products and can individually be further refined into C1 and D1. Product E is a by-product formed after further processed at an additional cost of $2,000 processing cost after the splitoff point. In addition, 30% of revenue is marketing cost on selling of product E. The joint costs of processing the crude vegetable oil...
There are two kinds of oil wells in most oil-producing parts of California. One kind is...
There are two kinds of oil wells in most oil-producing parts of California. One kind is located on top of reservoirs of oil that are near the surface. They are owned by large oil companies. There is a second kind of well, called “wildcats.” Wildcat wells are deeper and it costs more per barrel to bring the oil to the surface than from the first kind of well. The wildcat wells are owned by smaller, independent companies. Last year, the...
3. Of the following means of transporting crude oil which one is used more extensively to...
3. Of the following means of transporting crude oil which one is used more extensively to move oil in the U.S.? a. Tankers d. Tank trucks b. Barges e. Railroad tank cars c. Pipeline 4. Which of the following processes added to the gasoline obtained per barrel of crude oil? a. Fractional distillation b. Cracking c. None of the above
An oil company has to transport oil products from three sites (S1, S2, S3), through two...
An oil company has to transport oil products from three sites (S1, S2, S3), through two refineries (R1, R2) and finally to three markets (C1, C2, C3). The supply(in 1,000 barrels per day) are given in Table 1. Table 1. (Site supply) Site Supply S1 1,500 S2 750 S3 1,200 Table 2 below shows the costs in $1,000 of transporting 1,000 barrels of crude oil between sites and refineries. It also has the costs of refining 1,000 barrels of crude...
Congratulations! You have just been hired by Refiners-R-Us. As part of your initial training, you have been asked to analyze two crude oils that they are considering for refining operations. Calculate the profit per barrel for each crude oil, Crude X and Crude Y. The costs of each crude oil and the refining costs are shown below. State which crude oil is the most profitable to refine and also state what the refining margin is in $ per barrel. INPUTS...
You are a Logistics manager for VKT Corp., and energy extraction and production company. A oil well in the company's portfolio is generating 10,000 barrels of crude oil per day in excess o present sale commitments. The crude oil can be sold as is on the commodities markets, or refined and converted into other products which may be sold for higher prices, and potential be worth more. You have been assigned to determine the company's best course of action. Prepare...
SK company purchases crude vegetable oil. Refining this oil results in three products at splitoff point: C, D and E. Product C and D are intermediate products and can individually be further refined into C1 and D1. Product E is a by-product formed after further processed at an additional cost of $2,000 processing cost after the splitoff point. In addition, 30% of revenue is marketing cost on selling of product E. The joint costs of processing the crude vegetable oil...
3. Of the following means of transporting crude oil which one is used more extensively to move oil in the U.S.? a. Tankers d. Tank trucks b. Barges e. Railroad tank cars c. Pipeline 4. Which of the following processes added to the gasoline obtained per barrel of crude oil? a. Fractional distillation b. Cracking c. None of the above
Most questions answered within 3 hours.
-
The reach and involvement of the federal government, in terms of
its role in disaster relief,...
asked 1 minute from now -
Problem: The equilibrium constant, Keq, is 5 x 10^-11 m HCO3
<-----------> H^+ + CO3^-2 Calculate...
asked 5 minutes ago -
Explain how blackbody radiation led to the idea of "quanta."
Will rate answer!
asked 11 minutes ago -
Two noble gases (Ne and He) are injected into the chambers of an
insulated container. Each...
asked 6 minutes ago -
Suppose you purchase a zero coupon bond with a face value of
$1,000, maturing in 18...
asked 10 minutes ago -
Do you believe that the $785,000 amount at the center of the
Overstock-Grant Thornton dispute was...
asked 12 minutes ago -
Find and , the mean and standard deviation of the
sampling distribution of :
μ = 25,...
asked 36 minutes ago -
According to the manufacturer of a certain candy, 9% of the
candy produced are red. If...
asked 54 minutes ago -
A Eucher Deck consists of 24 cards. In a four- player game, each
player is dealt...
asked 1 hour ago -
This is a challenging question.
The titration of an impure sample of KHP found that 36.00...
asked 1 hour ago -
1. Starting from rest, an automatic subway train is controlled
by a computer
that causes it’s...
asked 36 minutes ago -
You place a block of
ice (mass of 3 kg) into a test chamber filled with...
asked 1 hour ago