VOL. XXXIX
No. 19
5-February-1996
GENERAL
World Refining Industry: The Morning After
by Bernard de Combret
The following is the text of a presentation made by Mr. Bernard de Combret, Elf Aquitaine's Executive Vice President for Refining, Marketing and Trading, at the Middle East Petroleum and Gas Conference in Bahrain on 18 January.
In the refining world, the sky has been rather dark in the recent years. Margins have already fallen to their lowest level since 1988. And refiners are...
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