Downstream Indian producers have the most to
gain from ongoing refining woes in Europe, according to a recent poll
of Hydrocarbon Processing readers.
Earlier this month, Petroplus shut down operations at sites in Petit
Couronne, France, Antwerp, Belgium and Cressier,
The absence of that production means that Europe will have to import
additional refined products to meet demand, opening up market
share for international producers.
In the poll, 55% of readers said India was the region likely to find
the most success in that scenario.
The Middle East was second at 24%, with the US a close third
Petroplus is Europes largest independent
oil refiner and wholesaler, but it continues to struggle at
getting lenders to unfreeze its credit lines.
The company recently said that the Petit Couronne refinery is up for sale, while it continues to examine
strategic options for the other two.
To see more details on this poll as well as access prior
Hydrocarbon Processing poll results,
(Editors note: Polls are where we at Hydrocarbon Processing gather industry
sentiment on significant issues of the day. Visit the HP home
page to weigh in on our latest poll regarding the fate of the
proposed Keystone XL oil pipeline in the US.)