Activities in the oil and gas industry are classified into
A.
oil exploration and distribution
B.
refining and marketing of finished products
C.
upstream and downstream
D.
exploration and drilling
Correct Answer: Option C
Explanation
Upstream oil and gas production is conducted by companies who identify, extract, or produce raw materials. Downstream oil and gas production companies are companies involved in the supply or sale of petroleum products to the end-users.
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