WORLDWIDE REFINERS MAKING BIG MOVE INTO MODERNIZATION

Anne K. Rhodes Refining/Petrochemical Editor Worldwide crude oil refining capacity has decreased by about 1.3 million bbl, or 1.8%, since Jan. 1, 1992, according to the Journal's most recent refining survey. In contrast to distillation capacity, downstream cracking, conversion, and treating capability increased in 1992 in most major categories. More capacity apparently is on the way as major projects appear in the Asia/Pacific region and the Middle East. In addition, as a sign of the

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