Refiners shifting to mergers, alliances to cope during downturn

Anne Rhodes Associate Managing Editor-News Key Inflection Points for Global Refining Industry [44,446 bytes] Global Economy Oil Demand [72,948 bytes] State Oil Company Participation in U.S. Refining [77,683 bytes] Major Downstream Mergers, Aquisitions [91,862 bytes] Efficiencies Expected [28,084 bytes] Regional Refining Margins [89,421 bytes] One of Asia's newest grassroots refineries, PSR-2, was built by a consortium called Malaysian Refining Corp., owned by Malaysian state firm Petronas 45%, Conoco Inc. 40%, and Norway's Statoil 15%. The 100,000 b/d refinery is being brought on stream in stages, with crude first introduced in August of this year. The final ...

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