Coronavirus accelerates oil refining shift to Asia

Coronavirus accelerates oil refining shift to Asia
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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

Full article at mrcplast.com

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