Middle East Economic Survey


No 12


MEES Agenda

Refining Capacity Expansion Prospects Differ For Mature And Growing Economies

Global refining capacity constraints emerged last year as a factor behind record high oil prices, as soaring demand tested the mettle of both the industrys upstream and downstream sectors. David Knott discovers that the refining sectors ability to keep pace with consumption growth is not simply dependent on expanding crude distillation capacity, and...