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JAMB Economics 2009 Question 46

Question 46

Natural Resources and Petroleum

Activities in the oil and gas industry are classified into

  1. A.oil exploration and distribution
  2. B.refining and marketing of finished products
  3. C.upstream and downstream
  4. D.exploration and drilling
Show the answer and explanation

Answer: C (upstream and downstream)

Explanation

The oil and gas industry is split into upstream (exploration and production) and downstream (refining, distribution and marketing).