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The oil and natural gas industries are fundamental to the global energy market, serving as the primary fuel sources that power industries, transportation, and households worldwide. These sectors play a crucial role in driving economic growth, influencing market dynamics, and shaping energy policies. The processes involved in exploration, extraction, refining, and distribution are highly complex and capital-intensive, requiring cutting-edge technology, rigorous safety measures, and advanced infrastructure to ensure efficiency, reliability, and sustainability in meeting global energy demands.
The oil and gas industry operates through a structured value chain, ensuring the efficient extraction, processing, and distribution of petroleum resources. It is broadly categorized into three main segments, each playing a critical role in the industry: