‘A local oil refinery would make a marginal (less than 0.1 %) addition to global oil refining capacity’

Introduction

If one began with the standard industry description of an oil refinery that was earlier introduced, which is: “an industrial plant or complex that manages hydrocarbon molecules extracted from crude oil, natural gas liquids and national gas” (in the case of Guyana, at the Stabroek bloc Liza wells), that complex could produce an assemblage of different petroleum based products that can potentially reach several thousand.

Conveniently, industry manuals help by grouping these products into 16 classes, namely, gasoline (46%); heating oil/diesel fuel (20%); jet fuel (kerosene) (8%); propane/ propylene (7%); NGL/LRG (6%); still gas (4%); petrochemical feedstocks (2%); petroleum coke (2%); residual/heavy fuel oil (2%); asphalt/road oil (2%); lubricants (1%); miscellaneous products/special naphthas 0.4%); other liquids (1%); aviation gasoline (0.1%); waxes (0.04%); and kerosene (0.02%). The US percentage distribution of