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UCY ENERGY supplies petroleum
products physically and acts as a sole-financial counterpart for oil-swaps
Petroleum products are useful materials
derived from crude oil (petroleum) as it is processed in oil refineries.
According to crude oil composition and demand, refineries can produce different
shares of petroleum products. Largest share of oil products is used as energy
carriers: various grades of fuel oil and gasoline. Refineries also produce other
chemicals, some of which are used in chemical processes to produce plastics and
other useful materials. Since petroleum often contains a couple of percent
sulfur, large quantities of sulfur are also often produced as a petroleum
product. Hydrogen and carbon in the form of petroleum coke may also be produced
as petroleum products. The hydrogen produced is often used as an intermediate
product for other oil refinery processes such as hydrogen catalytic cracking (hydrocracking)
and hydrodesulfurization.
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