Middle East Refinery Capacity To Surge, Says IEA
By David Knott
Profound shifts in the regional distribution of oil demand and supply growth will redefine the refining industry and transform global oil trade over the next five years, according to the International Energy Agency (IEA). In its annual Medium-Term Oil Market Report on 12 October, it said that the ‘East of Suez’ region will account for most of the growth, led by Asia, the...