Middle East Economic Survey
VOL. XLVIII
No 15
11-April-2005
MEES Agenda
Outlook For Complex Refining Margins Strong But New Investment Urgent
The wide price spread between heavy sour and light sweet crudes has boosted margins for refiners able to handle complex upgrading in the last few years. But with spare global oil refining capacity narrowing and environmental standards requiring ever-tighter product specification, the focus must now be on new refining investments. This is especially urgent in...
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