TeachMeFinance.com - explain Refinery and blender net production
Refinery and blender net production The term 'Refinery and blender net production' as it applies to the area of energy can be defined as ' Liquefied refinery gases, and finished petroleum products produced at a refinery or petroleum storage terminal blending facility. Net production equals gross production minus gross inputs. Negative net production indicates gross production is less than gross inputs for a finished petroleum product. Examples of negative net production include reclassification of one finished product to another finished product, or reclassification of a finished product to unfinished oils or blending components'.
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