Argentina has refineries to separate the crude oil that it buys from other significant oil-reserve nations. The largest oil refinery, La Plata, produces 189,000 barrels of oil daily. The second and third largest refineries, producing 110,000 and 105,500 barrels per day, respectively, are the Buenos Aires and Lujan de Cuyo refineries.
What is the palm oil refining industry?
The palm oil refining industry is one of the most important manufacturing sectors in the world. Palm oil has become an increasingly important vegetable oil in the world market and currently, Indonesia & Malaysia are the largest producer and exporting company of Crude Palm oil.
Where are palm oil refineries typically located?
Palm oil refineries are typically located close to ports from which the palm oil can be shipped to other destinations. Wilmar, for instance, owns shipping companies such as Yihai Kerry International Trading Co. Ltd which transport palm oil and other related palm oil products around the world.
How much money does Argentina make from oil?
Argentina, the eighth-largest nation in the world, is a South American nation. In comparison to other income sources, oil does not generate much money. Argentina has refineries to separate the crude oil that it buys from other significant oil-reserve nations. The largest oil refinery, La Plata, produces 189,000 barrels of oil daily.