Gulf Refiners Set For Major Crude Distillation Capacity Boost
By David Knott
Gulf refiners are pushing ahead with a number of new refineries which could add almost 2.5mn b/d to regional crude distillation capacity over the next five years. The refineries are being built not only to keep pace with rapidly rising local demand for transport fuels, but also to enable Gulf oil producers to squeeze extra revenues from their crude streams.
Some of the...