Coronavirus accelerates oil refining shift to Asia
20.11.2020
MOSCOW (MRC) -- Slumping fuel consumption during the pandemic is accelerating the long-term shift of refining capacity from North America and Europe to Asia, and from older, smaller refineries to modern, higher-capacity mega-refineries, reported Rueters.The result is a wave of closures, often centering on refineries that only narrowly survived the previous closure wave in the years after