French refiners face shakeout with soaring costs, downturn

Ste. Nationale Elf Aquitaine refinery at Grandpuits, France, is one of three the French state oil company owns in France. Photo by G. Houlbreque, courtesy of Elf. [43,688 bytes] French Refiners' Unleaded Project Outlays* [385,565 bytes] French Refining Capacities, 12-31-92 [451,483 bytes] Western Europe Refiners' Desulfurization Requirements [547,184 bytes] Massive environmental outlays and a changing products market are spawning a shakeout in France's refining industry. The shakeout was perhaps inevitable, given lingering surplus refining capacity and weak products demand growth in Europe. But the scramble to meet changing pr...

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