Refining & Marketing operations include the procurement, provision, processing, distribution and marketing of fuels and chemicals. In the framework of our activities in the oil and natural gas sectors in particular we define Downstream as the sector relating to the refining and processing of oil, the storage of natural gas and liquefied natural gas (LNG), the transportation of petroleum products and the wholesale and retail sale of petroleum products and gas. Midstream operations, meanwhile, include the transportation of oil from the extraction site to the refining site, as well as the storage of oil, using pipelines or oil tankers that transport the oil to the industrial site at which we refine it.
We are also converting traditional refineries to produce fuels from biological raw materials and, from a chemical perspective, looking at developing innovative, more functional and sustainable products. Versalis, meanwhile, enables us to offer a broad portfolio of solutions from basic chemistry to polyethylene, styrenic polymers and elastomers and produce bioplastics, biolubricants, food fragrances and cosmetics from plant sources.