What is refinery throughput?
– Throughput is equal to the sum of “transformation in refineries” for conventional crude oil, feedstocks, other hydrocarbons, additives and oxygenates, and natural gas liquids.
How is refinery capacity measured?
Refinery capacity is measured in two ways: barrels per calendar day and barrels per stream day. Barrels per calendar day reflect the input that a distillation unit can process in a 24-hour period under usual operating conditions, taking into account both planned and unplanned maintenance.
What is refinery utilization rate?
Refinery utilization rate: Represents the use of the atmospheric crude oil distillation units. The rate is calculated by dividing the gross input to these units by the operable refining capacity of the units.
What does capacity of refinery mean?
A refinery’s capacity refers to the maximum amount of crude oil designed to flow into the distillation unit of a refinery, also known as the crude unit.
What is refinery margin?
Refinery margins are a measure of the value contribution of the refinery per unit of input. Typically this is per barrel of crude oil processed, but it could also include other feedstocks as inputs.
What is refinery crack spread?
A crack spread is the overall pricing difference between a barrel of crude oil and the petroleum products refined from it. The price of a barrel of crude oil and the prices of the different products derived from it are not always in sync, leading to the spread in prices.
What is MMT capacity?
Presently the refining capacity of the country is 249.366 Million Metric Tonne Per Annum (MMTPA). Details of Refineries along with their refining capacity are at Annexure-I. The domestic consumption of petroleum products was 211.6 MMT during 2018-19.
What is US refining capacity?
approximately 18 million barrels per day
In 2020, oil refinery capacity in the United States amounted to approximately 18 million barrels per day. Although refineries are operating at full capacity, they may still have difficulties in meeting daily energy demands.
What is a refinery run?
In response, refineries in the US have reduced the amount of crude oil they process, known as refinery runs.
Are refineries at capacity?
As a result of several U.S. refinery closures in 2020, U.S. operable atmospheric crude oil distillation capacity, the primary measure of refinery capacity in the United States, dropped 4.5% to a total of 18.1 million barrels per calendar day (b/cd) at the start of 2021.
What is refinery processing gains?
The total volume of products refineries produce (output) is greater than the volume of crude oil that refineries process (input) because most of the products they make have a lower density than the crude oil they process. This increase in volume is called processing gain.
What is a refinery?
Definition of refinery : a building and equipment for refining or processing something (such as oil or sugar) : a building and equipment where something (as oil or metal) is made pure and ready for use
What is a throughput contract for a refinery?
A throughput contract provides for the producer to pay a set price for the processing and to supply a guaranteed minimum amount of material to be processed. Many small oil refineries in the Gulf Coast region of the United States were built using project financing secured by throughput contracts.
How are small oil refineries built?
Many small oil refineries in the Gulf Coast region of the United States were built using project financing secured by throughput contracts. A start-up refinery founded by former oil industry managers in Mississippi wants to tap government-backed project financing funds to build a refinery.
How do oil refineries get financing?
After discussions with a number of producers, the refinery founders enter into a preliminary throughput agreement to process a base minimum number of gallons of oil for a set price once the refinery is built. The refinery’s founders use this preliminary throughput contract to begin arranging the financing they need for the refinery project.