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The Crude Oil Refinery market is an integral part of the Oil industry. It is the process of converting crude oil into more useful products such as gasoline, diesel, and jet fuel. Refineries also produce other products such as lubricants, waxes, and asphalt. Refineries are typically large, complex facilities that require significant capital investments. The refining process involves a series of steps such as distillation, cracking, reforming, and treating. Refineries are typically located near oil fields or ports to facilitate the transportation of crude oil.
The Crude Oil Refinery market is highly competitive and is dominated by a few large players. Some of the major companies in the market include ExxonMobil, Royal Dutch Shell, BP, Chevron, and Total. Show Less Read more
