Middle East Economic Survey

VOL. XLVII

No 30

26-July-2004

SUPPLY AND DEMAND

New US Legislation Paves Way For Refinery Construction

The US House of Representatives on 16 July passed a bill that eases environmental restrictions, making it easier for new refineries to be built within the US. The bill was passed by 239-192, but there is little chance that it will pass the Senate this year. The legislation makes the Department of Energy the key agency in approving permits for the construction of...