March 2011

Columns

HPIn Europe: China enters and Russia deepens its influence in European refining

Like for the local couple that went long-distance ice skating here on the Swedish west coast recently, there are disconcerting rumblings of change underfoot in the European refining industry. This cou..

Like for the local couple that went long-distance ice skating here on the Swedish west coast recently, there are disconcerting rumblings of change underfoot in the European refining industry. This couple saw a wave rolling toward them one morning as they skated half a mile from the mainland. It was from a large tugboat, whose portly progress created a slow wash that slipped under the soft salt ice and continued toward them. In its wake, they were stranded on a small iceberg. Much to their chagrin, they began a slow drift out to sea. In reality. The wave that is breaking up and reforming Europe’s refining operations is also the result of a passing behemoth. I described in my December

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