Downstream Indian producers have the most to
gain from ongoing refining woes in Europe, according
to a recent poll of Hydrocarbon Processing
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, click here.
(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.)