Middle East Economic Survey


No 52


High-TAN Crude Demand Driven By Improving Products Quality, Says APEC

High-TAN (total acid number) crude oil production is growing, and most of the new volume is expected to be delivered to the Asia-Pacific market, according to Houstons Asia Pacific Energy Consulting (APEC). In the report West Comes East: The Emerging Global Acidic Crude Market, APEC President Al Troner observes: Incremental high-TAN crude output should rise by 1.8mn b/d in...