JAMB Economics 2004 Question 12

Question 12

Natural Resources and Petroleum

The downstream activities of oil companies in Nigeria involve

  1. A.refining and distribution
  2. B.prospecting and exploration
  3. C.off-shore drilling
  4. D.management of spillage and pollution
Show the answer and explanation

Answer: A (refining and distribution)

Explanation

Upstream covers finding and producing crude oil; downstream covers refining it and distributing and marketing the products.