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NonInvasive Hydrocarbon Products Mass Flow Measurement, Media Identification and Leak Detection Processing Storage Allocation DistributionRefineries ___ Tank Farms ___ Crude Oil Pipelines & Terminals
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Crude oil is a natural, unrefined petroleum product composed of hydrocarbon deposits and other organic materials. Refined oil refers to the processed product obtained from crude oil, which has undergone various refining processes to produce fuels, lubricants, and other petroleum-based products.
Entities involved in the production, importation, or significant storage of crude oil and refined petroleum products are typically required to file reports, including oil producers, refiners, and importers.
To fill out crude oil and refined reports, organizations must collect relevant data about production, importation, and distribution volumes, which can include monthly production figures, inventory levels, and sales data, then input this data into the required reporting forms as mandated by regulatory agencies.
The purpose of crude oil is to serve as a primary energy source and a raw material for various chemical products, while refined oil is used in the production of fuels, lubricants, and other materials essential for transportation, manufacturing, and daily life.
Reporting typically includes details such as the volume of crude oil produced, imported, or sold, inventory levels, types of refined products produced, refining capacity, and sales data for both crude and refined products.
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