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Oil, Gas & Mining vocabulary · Industry, Reserves & Contracts

Downstream

Meaning in oil, gas & mining, with examples

/ˈdaʊnstriːm/adjectiveCore term

In oil, gas & mining, downstream means: Describing the last stage of the oil and gas business: refining crude oil, then distributing and selling fuels and other products to customers.

In Turkish: rafinaj ve pazarlama, downstream, rafinaj, dağıtım ve satış

How it is used

Covers refineries, petrochemical plants, fuel terminals and filling stations. Common in annual reports and market analysis: downstream business, downstream margins, downstream assets. Integrated companies are active both upstream and downstream.

Example sentences

  1. Weak downstream margins hit the company's profits this quarter.

  2. Our downstream division runs two refineries and a network of fuel stations.

Common collocations

  • downstream sector
  • downstream margins
  • downstream assets
  • downstream operations
  • upstreamDescribing the first stage of the oil and gas business: finding hydrocarbons, drilling wells and bringing oil and gas to the surface.
  • midstreamDescribing the middle part of the oil and gas business, which moves and stores oil and gas between the field and the refinery or market through pipelines, tankers, terminals and tanks.
  • refineryAn industrial plant where crude oil is heated, separated and chemically changed to make products such as gasoline, diesel, jet fuel, LPG and asphalt.
  • petrochemicalA chemical made from oil or natural gas, such as ethylene, propylene or benzene, used to make plastics, fibres, fertilisers and many other products.

More terms: Industry, Reserves & Contracts

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