Refining: A Critical, Overlooked Link in Energy Security Issues
Date of Event: October 27, 2016
Location: Center for Strategic and International Studies (CSIS)
Presented by: Dr. Fereidun Fesharaki, Chairman FGE
Overview of CSIS:
Please join the CSIS Energy and National Security Program for a discussion on global refining with Fereidun Fesharaki. The global refining sector is in a period of adjustment that has far reaching implications for investment, regional and global trade, market developments, prices, and security considerations.Today refining assets provide businesses and countries with particular opportunities and advantages but also face challenges. U.S. refineries, among the most complex in the world, export to Latin America and Europe and will soon be exporting large volumes to Asia, which accounts for some two-thirds of the global oil demand growth.But going forward;U.S. crude exports are greatly dependent on whether the U.S. crudes fit the global refining needs. Are refineries in Asia and the Middle East positioning to become the new suppliers of petroleum products?If so, what implications would that does that carry for global trade and supplier-purchaser alignments?