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Midstream

One of the three major sectors of the oil and gas business, Midstream refers to the transportation and storage of crude oil and natural gas. After production, petroleum products can be transferred by pipeline, rail, truck, oil tanker or barge for further refining and/or marketing. When not being transported, these products are temporarily held in storage tanks or floating storage vessels. A facility consisting of many storage tanks and transportation pipelines is referred to as a terminal. The other two major sectors of the oil and gas business are Upstream (exploration and production) and Downstream (refining and marketing).

 

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