Refinery Capacity Additions by National Oil Companies in the Emerging Refining Markets Are Helping in the Revival of the Global Refining Industry
The rise in oil demand is driving Asian countries to secure their future energy needs by expanding and acquiring new oil and gas production and refining assets worldwide
The global refining industry is witnessing a slump following the global economic downturn after a high return period in the past few years.
The projected GDP growth of China for 2009 was 6 – 6.5% which is way below the 9% growth achieved in 2008
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