WATCHING THE WORLD 'GREEN' PLANNERS SHORT ON METHOD

With David Knott from London Western European refiners have shed more than worth of their refining capacity in recent years vet still face chronic overcapacity. Thirty-four refineries are being built in the Far East and Australasia, with 30 more in the Middle East, Africa, and Latin America. Those new plants will add almost 5 million b/d in capacity, more than one third of the total capacity of western Europe.

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