Special Reports: China, India lead growth in Asian refining capacity

12/15/2008
Asian refining capacity continues to grow rapidly despite the effects of a suffering global economy. China and India especially are fast-growing economies that are leading demand growth for transportation fuels.This article reviews the factors that influence refined-product demand growth in Asia and the future of refining projects in Asian countries.Asian refining demandEast of Suez refining continues to increase even as Atlantic Basin refiners feel the effects of a global recession. For the past decade, most global petroleum demand growth has occurred East of Suez as Asian economies grow rapidly. Although economic signals are not certain, Asian petroleum demand and refining will continue...
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