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The Oil and Gas Processing market is a sector of the energy industry that focuses on the production of natural gas and oil. It involves the extraction of raw materials from the ground, the processing of these materials into usable products, and the transportation of these products to their end users. This market is composed of a variety of companies, ranging from exploration and production companies to refineries and pipeline operators.
The processing of natural gas involves the removal of impurities such as water, carbon dioxide, and hydrogen sulfide. This is done through a variety of methods, including dehydration, compression, and fractionation. The processed gas is then transported to its end users, such as power plants, industrial facilities, and residential customers.
Oil processing involves the separation of crude oil into various fractions, such as gasoline, diesel, and jet fuel. This is done through a variety of methods, including distillation, cracking, and reforming. The processed oil is then transported to its end users, such as refineries, petrochemical plants, and transportation companies.
Some of the major companies in the Oil and Gas Processing market include ExxonMobil, Chevron, BP, Shell, Total, and ConocoPhillips. Show Less Read more