Vitek Oil and Refining Corporation - Stock Certificate
Inv# OS1854 Stock
Stock printed by Goes.
An oil refinery or petroleum refinery is an industrial process plant where petroleum (crude oil) is transformed and refined into useful products such as gasoline (petrol), diesel fuel, asphalt base, fuel oils, heating oil, kerosene, liquefied petroleum gas and petroleum naphtha. Petrochemicals feedstock like ethylene and propylene can also be produced directly by cracking crude oil without the need of using refined products of crude oil such as naphtha. The crude oil feedstock has typically been processed by an oil production plant. There is usually an oil depot at or near an oil refinery for the storage of incoming crude oil feedstock as well as bulk liquid products. . In 2020, the total capacity of global refineries for crude oil was about 101.2 million barrels per day.
Oil refineries are typically large, sprawling industrial complexes with extensive piping running throughout, carrying streams of fluids between large chemical processing units, such as distillation columns. In many ways, oil refineries use much of the technology and can be thought of, as types of chemical plants. Jamnagar Refinery is the largest oil refinery, since 25 December 2008, with a processing capacity of 1.24 million barrels (197,000 m3). In Gujarat, India, it is owned by Reliance Industries. Some modern petroleum refineries process as much as 800,000 to 900,000 barrels (12,000 to 143,000 cubic meters) of crude oil per day.
An oil refinery is considered an essential part of the downstream side of the petroleum industry.
A stock certificate is issued by businesses, usually companies. A stock is part of the permanent finance of a business. Normally, they are never repaid, and the investor can recover his/her money only by selling to another investor. Most stocks, or also called shares, earn dividends, at the business's discretion, depending on how well it has traded. A stockholder or shareholder is a part-owner of the business that issued the stock certificates.
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