Engineering is concerned with the development, improvement, and implementation of inte grated systems of people, money, knowledge, information, equipment, energy, materials, analysis and synthesis, as well as the mathematical, physical and social sciences together with the principles and methods of engineering design to specify, predict, and evaluate the results to be obtained from such systems or processes.

Petroleum industry, also known as the oil industry or the oil patch, includes the global processes of exploration, extraction, refining, transportation (often by oil tankers and pipelines), and marketing of petroleum products. The largest volume products of the industry are fuel oil and gasoline (petrol). Petroleum is also the raw material for many chemical products, including pharmaceuticals, solvents, fertilizers, pesticides, synthetic fragrances, and plastics. The industry is usually divided into three major components: upstream, midstream, and downstream. Upstream regards exploration and extraction of crude oil, midstream encompasses transportation and storage of crude, and downstream concerns refining crude oil into various end products.

System Benefits

Many oil and gas jobs and investment are based in rural and regional towns, which provides a range of benefits including upskilling and educational opportunities as well as creating stronger, more resilient local communities.

In regional areas, the oil and gas industry provides economic opportunity for local residents.  This has been done side-by-side with existing businesses and the benefits to the entire community are considerable and long-term.

 We all need reliable and affordable energy.

Research

Petroleum is vital to many industries, and is necessary for the maintenance of industrial civilization in its current configuration, making it a critical concern for many nations. Oil accounts for a large percentage of the world’s energy consumption, ranging from a low of 32% for Europe and Asia, to a high of 53% for the Middle East.

The oil and gas industry spends only 0,4% of its net sales for Research & Development which is in comparison with a range of other industries the lowest share

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    + 387 33 770 690 - HEAD OFFICE

    + 218 21 483 0142 - BRANCH LIBYA

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    info@bosnapetroleum.com

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