French refiners face shakeout with soaring costs, downturn

09/20/1993
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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