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petroleum
resources

upstream

consumer
products

midstream

downstream
refining and
processing
transportation of
products
retail sales of
products

the three sectors of

petroleum value chain

exploration
appraisal
development
production
abandonment

transportation of
raw commodity
(usually pipeline or
ship)

petroleum
resources

upstream

consumer
products

midstream

downstream
refining and
processing
transportation of
products
retail sales of
products

the three sectors of

petroleum value chain

exploration
appraisal
development
production
abandonment

transportation of
raw commodity
(usually pipeline or
ship)


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petroleum
resources

upstream

consumer
products

midstream

downstream
refining and
processing
transportation of
products
retail sales of
products

the three sectors of

petroleum value chain

exploration
appraisal
development
production
abandonment

transportation of
raw commodity
(usually pipeline or
ship)

petroleum
resources

upstream

consumer
products

midstream

downstream
refining and
processing
transportation of
products
retail sales of
products

the three sectors of

petroleum value chain

exploration
appraisal
development
production
abandonment

transportation of
raw commodity
(usually pipeline or
ship)