Multifunctional Good Quality Machines Used In Oil Refineries

Multifunctional Good Quality Machines Used In Oil Refineries
                                               
                                               
                                               
                                               
  • Multifunctional Good Quality Machines Used In Oil Refineries
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  • How is the oil refining industry’s efficiency derived?
  • The oil refining industry’s efficiency is derived from the prices of petroleum products (Naphtha, Gasoline, Kerosene, Diesel, and Fuel Oil) using the portfolio theory. The panel data was constructed using the following dependent variables, the crude oil production efficiency, energy consumption, renewable energy consumption, and R&D investment.
  • What is a multifunctional approach to energy integration?
  • By exergetic analysis and efficiency assessment of the energy distribution in the system (on the basis of the zeroth law of thermodynamics), a multifunctional approach to effective integration of the furnace subsystem and the energy subsystem is proposed.
  • What is an oil refinery?
  • This approach may be adopted in modernizing existing systems or creating new systems. An oil refinery is a complex set of shops, machines, and systems with automatic control. Its product range is broad and includes, in particular, gasoline, kerosene, fuel oil, diesel fuel, and coke [ 1 ].
  • Which explanatory variables describe the efficiency of the oil refining industry?
  • And the explanatory variables describing the efficiency of the oil refining industry (crude oil production, energy use, renewable energy consumption, R&D expenditure, etc.) were selected to form panel data for OECD countries from 2005 to 2016. These panel data generally have heterogeneity and endogenous problems of explanatory variables.
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