This Century-Old Refinery Is Up For Sale ...Middle East

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This Century-Old Refinery Is Up For Sale
source : OILPRICE ( Middle East ) () 22
Each and every market recession seems to resurrect intense speculation that such and such underperforming refinery would need to be closed down for good as it is no longer expedient to maintain a loss-making asset. Europe had a wave of refinery closures after the 2008 financial crisis, with almost 20 refineries mothballed. Asia will most probably see a wave of downstream destruction in the coming decade as new capacity continues to come online. Latin America, however, is a story of its own – a continent where a sizeable 7.5mbpd refining capacity…

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