Latest Analysis /
East of Suez Oil Service
Energy Advisory #451 - Asia Pacific Refining Outlook, Key Trends to Watch
Published: 3 March, 2023
Highlights:
- Refining margins to remain favorable in the long term as product demand exceeds capacity growth.
- No new grassroots refineries expected beyond 2027 for now.
- Multiple CDU expansion projects will materialize by the mid-2020s.
- Room for refining investments in Asia to meet demand growth.
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