The treatment of crude oil post extraction of the same to enhance the quality of the oil and its use-cases is known as crude oil refining. Some of the major impurities to be extracted form the raw crude oil includes color bodies, phosphatides, gummy substances, free fatty acids, tocopherols, sterols, and hydrocarbons amongst others. The increasing number of both commercial and passenger vehicles on road across the globe is influencing the rise in demand for oil refineries across the globe thereby contributing to the growth of the market. Additionally, rising investment and initiatives by government bodies is further expected to augment the growth of the market over the forecast period.
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Top Key Major Players:-
1.Shell
2.Reliance Industries Limited.
3.China Petroleum and Chemical Corporation
4.bp p.l.c.
5.Exxon Mobil Corporation.
6.TotalEnergies
7.Chevron Corporation.
8.Marathon Petroleum Corporation
9.PJSC Sakhavostokneftegaz
10.Bharat Petroleum Corporation Limited