By Rob Cockerill2014-07-15T15:13:00
An additional 11.7 million barrels per day (mmbd) of Crude Distillation Capacity (CDU) will come online globally between 2014 and 2020, with an annual average of 1.6 mmbd, says a new report from GlobalData – a dynamic which it is claimed will impact negatively upon refining margins.
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