HP In Brief: HPIn Brief
Revival for refining It seems news of new refining investments occur daily. At the end of January 2006..
Revival for refining
It seems news of new refining investments occur daily. At the end of January 2006, approximately 500 refinery projects, including 66 new-build refineries, had been announced, with many more likely being considered in-house. Only a few years ago, refiners were struggling to rationalize overcapacity. Refiners then were lucky to make a $1/barrel margin on sweet crude in Europe or Asia, according to Aileen Jamieson, managing consultant for Wood Mackenzie.
"If all 66 new refineries came onstream in the next 10 years as announced, we'd be seei
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