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Crude Oil Refining (refinery) - Manufacturing Plant, Detailed Project Report, Profile, Business Plan, Industry Trends, Market Research, Survey, Manufacturing Process, Machinery, Raw Materials, Feasibility Study, Investment Opportunities, Cost And Revenue

The American petroleum industry had its inception when the now famous drake well was drilled in the year 1859. The ratio of proven reserves to production in the US in 1957 stood at 11.9 to 1. The ratio does not indicate that there are only twelve and one half years to go before the US reserves are exhausted. Now pools are continuously being discovered and when proven add to the known reserves. Nevertheless, this ratio does indicate an increasing reliance on foreign crude oil. Domestic crude oil production together with liquid products from natural gas and coal tars amounted to 2,749,023,000, leaving a deficit of 322,625,000, which is made up by an excess of imports over exports. The US is depending upon foreign supplies for about 15 percent of its requirements. The largest tank ship now building is of 106,000 D.W. tones, has a speed of 18 knots and carries 820,000 barrels of oil a giant larger than the Queen Mary. Ships of 45,000 to 60,000 D.W. tons are already in service and others of 80,000 upward to the 106,000 tons giant are under construction. Thank ships bring the crude oil to the coastal refineries from producing centers such as the Texas-Louisiana gulf coast and from foreign sources, principally Venezuela and the middle east. Every industry used it. Most of the domestic people uses it in the house. In the every commercial industry used it. The energy demand is expanding worldwide especially in low consumption developing countries. India is no exception. In fact to be able to catch up with the global development the demand from the developing countries is bound to expand. World wide the oil demand is likely to grow from the present 76 mm barrels a day (bpd) to 115 mm barrels a day in 2020, a growth of 2 mm barrels a day each years. Any entrepreneurs may come into this field will be successful.
Plant capacity: 200000 Cube Meter/DayPlant & machinery: US $ 273.3 Million
Working capital: N/AT.C.I: US $ 3083 Million
Return: 1.00%Break even: 12.00%
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