Chornomornaftogaz Property
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Chornomornaftogaz Property
Chornomornaftogaz (also: Chernomorneftegaz, uk, Чорноморнафтогаз, russian: Черноморнефтегаз, lit. "Black Sea oil and gas") is an Oil and gas industry, oil and gas company located along Krymgazseti in Simferopol, Crimea. The company was established with the order of the Ministry of Gas Industry of the USSR on 20 October 1978 №209-org to develop oil and gas resources in the Black Sea and the Sea of Azov. It is legally a subsidiary of Ukraine's Government-owned corporation, state-owned oil and gas company Naftogaz. However, after the 2014 Crimean crisis it was seized by the region's parliament in the run-up to its Annexation of Crimea by the Russian Federation, annexation by Russia. There was also a privately owned oil company Chernomorneftegaz, registered in Moscow in 1998 and purchased by Rosneft in 2011, which is not linked to Chornomornaftogaz. History The company was established with the order of the Ministry of Gas Industry of the USSR on ...
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Oil And Gas Industry
The petroleum industry, also known as the oil industry or the oil patch, includes the global processes of exploration, extraction, refining, transportation (often by oil tankers and pipelines), and marketing of petroleum products. The largest volume products of the industry are fuel oil and gasoline (petrol). Petroleum is also the raw material for many chemical products, including pharmaceuticals, solvents, fertilizers, pesticides, synthetic fragrances, and plastics. The industry is usually divided into three major components: upstream, midstream, and downstream. Upstream regards exploration and extraction of crude oil, midstream encompasses transportation and storage of crude, and downstream concerns refining crude oil into various end products. Petroleum is vital to many industries, and is necessary for the maintenance of industrial civilization in its current configuration, making it a critical concern for many nations. Oil accounts for a large percentage of the world’ ...
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