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Latest Analysis / East of Suez Oil Service

Energy Advisory #455 - Asia Pacific Refining Outlook, Key Trends to Watch

Published: 14 February, 2024

Highlights:

  • Refining capacity additions in Asia to come to a halt by 2029.
  • China leads grassroots refinery additions, focus on petchem integration.
  • CDU expansions to materialize in the mid-2020s.
  • Room for refining investments to avoid supply/demand pinch points in Asia.
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