Glossary of Report No.33 of 2017 - Performance Audit Union Government of Petroleum and Natural Gas
Glossary of Report No.33 of 2017 - Performance Audit Union Government of Petroleum and Natural Gas
Glossary of Report No.33 of 2017 - Performance Audit Union Government of Petroleum and Natural Gas
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Report No. 33 of 2017
11. Light or Heavy Crude Crude with High API (American Petroleum Index) is light
crude and crude with low API is heavy crude
12. Lump Sum Turn Key In LSTK contract, the contractor is entrusted with the
(LSTK) work/services at a fixed cost along with all associated risks till
the handing over of the project/asset.
13. Open Book Execution In an OBE contract, the buyer and seller of work/services
(OBE) agree on remunerable cost and margin that the supplier can
add to these costs. The project is invoiced to the customer
based on the actual cost plus the agreed margin.
14. Petrochemical Fluidized Produces fuel gas, LPG, polymer grade Propylene, Naphtha
Catalytic Cracking Unit and light cycle oil from unconverted bottoms from HCU,
(PFCCU) hydro-treated heavy Coker gas oil from CHTU and low
Sulphur VGO from CDU/VDU.
15. Poly Propylene Unit (PPU) Petrochemical unit for production of Poly Propylene from
Propylene, output of PFCCU.
16. Sulphur Recovery Unit Unit recovers Sulphur from the feed.
17. Sweet or Sour Crude Crude containing low sulphur content is termed as sweet
crude and crude with high sulphur content is termed as sour
crude.
18. Throughput The total tonnage of crude oil fed into an oil refinery is its
throughput.
19. Vacuum Distillation Unit Distills the residue crude from the bottom of the CDU to
(VDU) valuable gas oils.
20. Vis-breaker Unit (VBU) Upgrades short residues coming from the bottom of vacuum
distillation column by thermally cracking into lighter, reduced
viscosity products.
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