Opec Plans to Build at Least 10 New Oil Refineries By 2011
Posted on: Wednesday, 28 September 2005, 15:00 CDT
Opec plans to build at least 10 new oil refineries in its member countries by 2011. This would increase the current capacities by nearly 3% and make it possible to process another 2.4 mil barrels/d worldwide
. The plans apply to Saudi Arabia, Kuwait, Qatar, Venezuela and some other countries. By end 2005 Venezuela is to announce it wants to build a new refinery in Brazil.Source: Access Czech Republic Business Bulletin
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