OPEC
 
Middle East Refining Capacity To Rise, Says OPEC
 
David Knott reporting from London
 
The shift in refining capacity from developed OECD regions to developing countries has become more evident over the past year, according to OPEC. In the World Oil Outlook 2012 (WOO 2012), published on 8 November, the organization predicts that almost 7.2mn b/d of new crude distillation capacity will be added to the global refining system in the period to 2016. Of this, the...