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The hollowing‐out of Europe's refinery sector
Publication year - 2006
Publication title -
oil and energy trends
Language(s) - English
Resource type - Journals
eISSN - 1744-7992
pISSN - 0950-1045
DOI - 10.1111/j.1744-7992.2006.311013.x
Subject(s) - lagging , refinery , rest (music) , refining (metallurgy) , natural resource economics , economy , environmental science , business , economics , environmental engineering , metallurgy , materials science , statistics , mathematics , medicine , cardiology
With 25, or almost 30% of the world's crude distillation capacity, Europe constitutes the most important refining region in the world. At a time, though, when much of the rest of the world is engaged in a rush to increase capacity ( see 'The Month in Brief', passim ), Europe is lagging well behind in terms of its current expansion plans.