Definition of Refinery production

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TeachMeFinance.com - explain Refinery production



Refinery production

The term 'Refinery production' as it applies to the area of energy can be defined as ' Petroleum products produced at a refinery or blending plant. Published production of these products equals refinery production minus refinery input. Negative production will occur when the amount of a product produced during the month is less than the amount that is reprocessed (input) or reclassified to become another product during the same month. Refinery production of unfinished oils and motor and aviation gasoline blending components appear on a net basis under refinery input'.

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Mark McCracken

Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English".


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