Economics JAMB

The activities in the oil and gas industry are classified into?

A. exploration and transportation
B. upstream and downstream
C. discovery and extraction
D. onshore and offshore

Correct Answer:

Option B – upstream and downstream

Explanation

The term upstream and downstream is used in the oil and gas industry to refer to the various activities of an oil or gas company.

Upstream activities involve companies who extract or produce raw materials used in the production of oil and gas

while the Downstream industry are those who are involved in the distribution, sale and delivering of the refined products to the final customers.

Sunday

Share
Published by
Sunday
Tags: economics

Recent Posts

List of Universities Offering Veterinary Medicine in Nigeria

Veterinary medicine is the branch of medicine that deals with the prevention, diagnosis, and treatment…

3 months ago

List of Universities Offering Anthropology in Nigeria

Anthropology is the scientific study of human beings and their cultures. It encompasses a wide…

3 months ago

List of Universities Offering Sociology in Nigeria

Sociology is the scientific study of human society, culture, and behavior. It examines the social…

3 months ago

List of Universities Offering Social Work in Nigeria

Social Work is a profession dedicated to helping individuals, families, and communities to cope with…

3 months ago

List of Universities Offering Religious Studies in Nigeria

Religious studies is an academic discipline that explores the beliefs, practices, and history of various…

3 months ago

List of Universities Offering Public Administration in Nigeria

Public administration is the field of study and practice that focuses on the organization and…

3 months ago