VOL. XLIV

No 35

27-August-2001

SUPPLY/DEMAND

Global Refining Capacity To Grow By 750,000 B/D In 2001 Says ESAI

The worlds crude distillationcapacity is set to grow by nearly 750,000 b/d this year, building on the growthin 2000 of 1mn b/d, according to Energy Security Analysis (ESAI) in its Stockwatch Quarterly Review for 3Q 2001.Capacity expansion in 2002 is estimated at 492,000 b/d. More than half thisyears growth is coming from Asia, primarily Taiwan and China. The economiclogic of this...