Glossary of Oil and Gas Terminology

TATYANA MARTIN IGLOSSARY OF THE OIL AND GAS TERMINOLOGY (English-Ukrainian)(-)Oil and gas production is the general process of manufacturing oil and natural gas from wells and turning them into the final petroleum products that consumers can use. Oil and gas production includes systematic steps, from site exploration to actual extraction and even up to the distribution of the products to businesses and the general public.The oil and gas industry is one of the largest sectors in the world and a massive factor in the global economy. The United States is the largest producer of oil. Saudi Arabia, officially the Kingdom of Saudi Arabia, has 17% of the world's proven crude oil reserves, the second largest globally. Next are Russia, Canada, China, and so on.[CODE-ART]