Petroleum products are useful materials derived from Crude Oil (petroleum) as it is processed in Oil refineries. Unlike petrochemicals, which are a collection of well-defined usually pure chemical compounds, petroleum products are complex mixtures. The majority of petroleum is converted to petroleum products, which includes several classes of fuels.
According to the composition of the crude oil & depending on the demands of the market, refineries can produce different shares of petroleum products. The largest share of oil products is used as “energy carriers”, i.e. various grades of fuel Oil & Gasoline. These fuels include or can be blended to give gasoline, jet fuel, diesel fuel, heating oil & heavier fuel Oils. Heavier (less volatile) fractions can also be used to produce other chemicals, some of which are used in chemical processes to produce plastics & other useful materials.
Since, petroleum often contains a few % sulfur containing molecules, elemental sulfur is also often produced as Petroleum Product. Carbon, in the form of petroleum coke & hydrogen may also be produced as Petroleum Products. The Hydrogen produced is often used an intermediate product for other Oil refinery processes such as hydrocracking & hydride-sulfurization
Kristal Inage Petroleum Resources Limited is venturing into Petro chemical products for their esteemed Clients by importing / exporting the petroleum products as per their Clients requirement from 6000 items.
Presently, we are executing some current supply contract to our esteemed clients. Our supply product list range from Bonny Light Crude Oil, Mazut, D2 and other associated product list..
Infrastructure refers to the basic physical and organization structures needed for the operation of a society or enterprise or the services and facilities necessary for an economy to function. It can be generally defined as the set of interconnected structural elements that provide a framework supporting an entire structure of development. It is an important term for judging a country or region's development.
The term typically refers to the technical structures that support a society, such as roads, bridges, water supply, sewers, electrical grids, telecommunications, and so forth, and can be defined as "the physical components of interrelated systems providing commodities and services essential to enable, sustain, or enhance societal living conditions."
Viewed functionally, infrastructure facilitates the production of goods and services, and also the distribution of finished products to markets, as well as basic social services such as schools and hospitals; for example, roads enable the transport of raw materials to a factory. In military parlance, the term refers to the buildings and permanent installations necessary for the support, redeployment, and operation of military forces. Research by anthropologists shows the social importance and multiple ways that infrastructures shape human society and vice versa.
Impact on Economic Development
Investment in infrastructure is part of the capital accumulation required for economic development and may have an impact on socioeconomic measures of welfare. The causality of infrastructure and economic growth has always been in debate.
In developing nations, expansions in electric grids, roadways, and railways show marked growth in economic development. However, the relationship does not remain in advanced nations who witness more and more low rates of returns on such infrastructure investment.
Nevertheless, infrastructure yields indirect benefits through the supply chain, land values, small business growth, consumer sales, and social benefits of community development and access to opportunity. Some again proposed investing in infrastructure as a means of stimulating the economy.
3.Other Scrap materials
4.Project Financing & Structure
The financing of long-term infrastructure, industrial projects and public services based upon a non-recourse or limited recourse financial structure where project debt and equity used to finance the project are paid back from the cash flow generated by the project. We provide services of financial instruments like SBLC, BG, MTN & Project finance.
We are presently executing project financing through the following mediums:-
1.Standby Letter of Credit - SBLC
A standby letter of credit is a letter issued by a bank. The bank promises to pay a "beneficiary" if something fails to happen.
Standby letters of credit are used for international trade as well as domestic transactions.
Standby Letters of Credit can support your personal and business transactions and may offer you benefits over other means of financial
guarantees. They can help you protect your interests while increasing your ability to engage in business contracts with third parties.
With a Standby Letter of Credit, you can:
> Support the payment of financial obligations or contractual agreements
> Optimize cash flow and liquidity
> Maintain capital for other personal or business needs
> Ease the establishment of new business relationship
> Continue to trade within your brokerage accounts that are used for your LMA provided you maintain sufficient collateral
to support your outstanding balances
2.Bank Guarantee - BG
A type of guarantee in which a bank or other lending organization promises to repay the liabilities of a debtor in the event that the debtor
is unable to repay.
The liability of the Surety/Guarantor is co-extensive with that of the principal debtor, unless it is otherwise provided in the agreement of
guarantee itself. In view of this guarantees are drafted in such a way that guarantor and the principal debtor are jointly and severally
liable in the ordinary course of all times.
Types of Bank Guarantees:-
1.Financial Bank Guarantee
A guarantee, which is issued in lieu of monetary considerations, is called financial guarantee.
2.Performance Bank Guarantee
A guarantee, which is issued in respect of performance of a contract or obligation, is called Performance Guarantee. In the event of
non-performance of obligation in terms of contract, the bank assumes only monetary liability up to a specified amount.
3.Other types of Bank Guarantee
1.Guarantees for Specific Transaction where bank guarantee can be issued for covering a single transaction only.
2.Continuing Guarantee which extends to a series of transaction is called a continuing guarantee.
Kristal Inage Petroleum Resources Ltd