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Petroleum Economy | Open Access Journals
Bioceramics Development and Applications

Bioceramics Development and Applications

ISSN: 2090-5025

Open Access

Petroleum Economy

petroleum is an intuitive that occurring as yellowish-black liquid found in geological formations under the Earth's surface. It is commonly clarified into various types of fuels. Constituents of petroleum are separated by using fractional distillation technique which means partitioning of fluids into fractions that differs in boiling point by distillation that can be typically using a fractionating column. Petroleum consists of naturally occurring hydrocarbons of varied molecular weights and may also contain miscellaneous organic compounds. The name petroleum encloses both naturally occurring unprocessed crude oil and petroleum products that are made up of refined crude oilPetroleum Economy involves the application of the techniques of economic analysis at every stage in the development of oil and gas exploration and production projects.

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