FGE Sees Products Exports Tempered By Domestic Demand
The Middle East’s emergence as a major refined products exporter will be both delayed and muted, according to Singapore-based FACTS Global Energy (FGE). In its latest Annual World Refining Outlook, FGE says that “the expansion in Middle East products exports (primarily diesel) will start post-2015, but will be tempered by rapid domestic demand growth.” The report notes that 2012 saw...
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