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Yes. depending on the type of crude that is processed actual output of the different type of product yield in % weght is determined through a material balance or bass balance process.
The total cost is then apportioned by the weight of each product yield. The weight is then converted to volume which is used in dividing the apportioned cost to arrive at the unit cost of each type of prouct yield from the refining process.
What else can I help you with?
What are the roles of refineries in petroleum industry?
Refineries play a crucial role in the petroleum industry by processing crude oil into valuable products such as gasoline, diesel, jet fuel, and other petrochemicals. They use various distillation and chemical processes to separate and convert hydrocarbons into usable forms. Additionally, refineries help to ensure the quality and safety of fuel products by removing impurities and adhering to regulatory standards. Overall, they are essential for transforming raw materials into refined products that power transportation, industry, and consumer needs.
Why you use boiler in oil refinery?
Use of water in a refinery is makeup for boiler feed. The chief uses of steam are for stripping, steam distillation, and vacuum distillation. The steam comes in contact with the products in these operations, and generally the steam condensate is so highly contaminated that it cannot be reused for boiler feed or for other purposes. Steam is also used for process heating, for pumping, and, in some refineries, for generating electric power
Why use a choke with producing oil well?
choke is used to lower the pressure from the well head
Can a person use a vaporizer on an oil rig?
Most likely not dipping might be the only thing allowed
How petrol is distilled by distillation?
Petrol is distilled through a process called fractional distillation, which separates crude oil into various components based on their boiling points. The crude oil is heated in a distillation column, where it vaporizes and rises through trays or packing. As the vapor cools, different hydrocarbons condense at various levels in the column, with lighter fractions like petrol condensing at lower temperatures. The collected petrol is then further refined to remove impurities and enhance its properties for use as fuel.
How many states have refineries?
why don't we use our own oil or use coal for gas and other things? -The answer to why we don't use coal for gas or other things is all Political Bull really!However the answer to the question about where Refineries are located can be found on wikipedia when you search list of oil refineries. Should give you the info that you are looking for!
When job order costing system would be more appropriate than process costing system?
A job order costing system would be more appropriate than a process costing system for manufacturers who use different types of goods throughout the manufacturing process. Process costing is best to you when manufacturing a large amount of the same items.
Differences between costing method and costing techniques?
Methods of Costing The cost of products or services is determined using several methods. The use of a given method is dictated by such factors as: the nature of cost units, the production process, the mode of cost accumulation, the duration of work etc. The following are the well established methods of costing a. Job / Batch costing b. Contract costing c. Process costing d. Service costing Techniques of Costing Irrespective of the type of costing method being applied there are various approaches that could be adopted. These are:  Full Absorption costing  Marginal costing  standard costing using  absorption costing  marginal costing
Can a company use both job-order and process costing systems?
Yeh totally no doubt
Which of these is a negative consequence of the oil industry in Texas?
a it create jobs on oil wells and in refineries b there can be oil spills when the oil is transported from one place to another c the oil can be use to create energy d the oil comes from under the ground
How are you going to purify the crude oil and what methods is used to separate mixture of oil?
Oil refineries use a technique known as fractional distillation, which involves separating different components of crude oil based on their different boiling points.
If you were a candy manufacturer which costing system should you use full absorption costing or variable costing?
full absorption costing
What are the steps that oil goes through to generate power or electricity?
To generate power or electricity from oil, the process typically begins with the extraction of crude oil, which is then transported to refineries for processing. At the refinery, crude oil is converted into usable fuels, such as diesel or heating oil. These fuels are burned in turbines or generators to produce steam, which drives the turbines and generates electricity. The generated electricity is then transmitted through the grid for use in homes and businesses.
What is an industrial park?
An industrial park is a portion of the city that is zoned for industrial use. This can include factories, warehouses and oil refineries. It can also include shops and restaurants.
What is industrial parks?
An industrial park is a portion of the city that is zoned for industrial use. This can include factories, warehouses and oil refineries. It can also include shops and restaurants.
What is the difference between refineries and petrochemical plants?
A refinery processes crude oil into different components such as kerosene, gasoline, diesel, LPG (light petroleum gases), etc. A petrochemical plant is a chemical plant that will use a petroleum based feedstock, such as LPG or other products from a petroleum refinery to produce a chemical product, such as plastics for example.
How many oil refineries are there in the US?
Contrary to popular belief there are many, spread all over. According to the EIA, 149. However, they are not all dedicated to refining oil into usable gasoline, and 149 still aren't enough. The real problem, however, is not that there aren't enough refineries (which, once again, there aren't,) but that the refineries we have are not working at maximum capacity. Regularly, their parent companies will shut them down or scale them back, dramatically reducing their output. The oil companies say its due to refinery age, reparis, etc. There is much debate, however, as to whether or not these actions are actually deliberate in order to boost prices at the pump. It could be argued that with problems occurring that increase expenses for oil companies that their increase in profits recently makes those same statements of high expenditures false. What adds further weight to the debate is the fact that dozens of refineries have been closed in the past 15 years, which doesn't add up during a supply shortage or price spike caused by the same, with increase in demand. It is also widely known that in the mid-1990's some refineries were closed as a direct result of refinery overproduction, during times of surplus, which was due to a loss of profits by the relevant companies. This further makes recent industry profit spikes quite coincidental, now that those refineries are closed and production is strickly controlled, shortage or surplus with every barrel with limited refineries, which can be slowed for any reason. Regardless, production of gasoline and related products is affected, and to be fair, 60% of U.S. oil is imported, and so conflicts in Iraq and problems with Iran, Venezuela, long shipping times/distances all can also dramatically affect the price of gasoline as well, and have been known to hamper it in the past.
