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Downstream activities generally refer to the refining of crude oil and distributing its by-products including gasoline, natural gas, LPG and diesel.
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In 1996 Gandur made the salmon leap from the downstream activities of oil trading and marketing, which provide thin margins by moving huge volumes of other people's oil, into the upstream, which entails more risk and upfront investment but offers fatter returns. aog inked its first production-sharing contract with the oil minister of Ivory Coast to overhaul the abandoned offshore Espoir oilfield.
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For those unaware, downstream generally refers to refining and marketing activities, and upstream relates to exploration and production.
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The office is responsible for providing assistance both upstream and downstream through planning, programming, implementation, monitoring and evaluation of activities.
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