Enterprise Nefteproduct is focused on low-to-medium risk development and exploitation opportunities in oil/liquids weighted, established hydrocarbon provinces.
Established in the year 2002, we’ve been into petroleum supply for more than a decade and we keep growing on a daily basis and learning more, likewise we keep satisfying our respective clients with their regular petroleum needs.
Petroleum, along with oil and coal, is classified as a fossil fuel. Fossil fuels are formed when sea plants and animals die, and the remains become buried under several thousand feet of silt, sand or mud. Fossil fuels take millions of years to form and therefore petroleum is also considered to be a non-renewable energy source.
Petroleum is formed by hydrocarbons (a hydrocarbon is a compound made up of carbon and hydrogen) with the addition of certain other substances, primarily sulphur. Petroleum in its natural form when first collected is usually named crude oil, and can be clear, green or black and may be either thin like gasoline or thick like tar.
The petroleum industry is quite complicated. Part of what makes it so complicated is the fact that most of the world’s oil supplies are control by state agencies and not by private corporations. In fact, well over half of total world oil reserves are controlled by state agencies in the Middle East. The somewhat complicated and intertwined operations of these major industry players can make it difficult to understand why the industry works as it does.