WORLD REFINING OUTLOOK SEEN POSITIVE

Long range world refining prospects are positive, with plant expansions, slowly growing petroleum demand, and ample oil supplies combining to curb oil price increases and encourage economic development. So concludes energy consulting company Purvin & Gertz Inc. (P&G), Houston, in a two volume, 991 page study of the refining industry through 2010. But while refiners can count on plentiful, moderately priced crude supplies and growing products markets, the world industry still faces many

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