Page 22 - Cost_Competitiveness
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The Institute of Cost Accountants of India
3. Key Stages Of The Value crudes generally exceed 38˚ API, and
Chain heavy crudes are those with API gravity of
22˚ or less. If the sulphur content is less than
3.1 Exploration and production 1 percent, crudes are usually described
as sweet, and sour if the sulphur content
The principal primary hydrocarbon exceeds that level. The quality of a crude
resources are crude oil and gas. Crude oil is refected in its price relative to other
oil is not a homogeneous material, and crude oils.
its physical appearance varies from a
light, almost colorless liquid to a heavy 3.2 Transportation and storage
viscous black sludge. Oil can therefore
be classifed along several dimensions, From the production site, crude oil
of which density and sulphur content and gas need to be transported to the
are two of the most important. Density is appropriate processing facilities, and
measured according to guidelines of the from there onwards to be distributed or
American Petroleum Institute (API) – light marketed. Petroleum can also be stored
www.icmai.
The Institute of Cost Accountants of India
3. Key Stages Of The Value crudes generally exceed 38˚ API, and
Chain heavy crudes are those with API gravity of
22˚ or less. If the sulphur content is less than
3.1 Exploration and production 1 percent, crudes are usually described
as sweet, and sour if the sulphur content
The principal primary hydrocarbon exceeds that level. The quality of a crude
resources are crude oil and gas. Crude oil is refected in its price relative to other
oil is not a homogeneous material, and crude oils.
its physical appearance varies from a
light, almost colorless liquid to a heavy 3.2 Transportation and storage
viscous black sludge. Oil can therefore
be classifed along several dimensions, From the production site, crude oil
of which density and sulphur content and gas need to be transported to the
are two of the most important. Density is appropriate processing facilities, and
measured according to guidelines of the from there onwards to be distributed or
American Petroleum Institute (API) – light marketed. Petroleum can also be stored
www.icmai.
