NatRef (National Refineries)

NatRef (National Refineries) refers to government-owned facilities that process crude oil into usable products like gasoline, diesel, and jet fuel. These refineries play a crucial role in ensuring a country’s energy needs are met reliably and strategically. By owning and operating refineries, the government can better control fuel supplies, stabilize prices, and support domestic energy security. In some cases, NatRef entities also oversee maintenance, upgrades, and environmental compliance, aiming to balance economic, environmental, and national security considerations in the refining industry.