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Refining in the Far East: Its Potential and Constraints

This paper explores the outlook for oil product demand growth in the Far East, and the implications for future refinery capacity requirements. These requirements are compared to the industries announced expansion plans to evaluate potential future market positions. The potential for increased supplies from other geographic regions, mainly Middle East, is also explored. Finally, estimates of the required capital investments are discussed.

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Energy Specializations: Petroleum – Refining and Products

JEL Codes: L71: Mining, Extraction, and Refining: Hydrocarbon Fuels, Q41: Energy: Demand and Supply; Prices, Q40: Energy: General, Q35: Hydrocarbon Resources, D24: Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity

Keywords: Oil refining, Far East, gasoline, energy demand

DOI: 10.5547/ISSN0195-6574-EJ-Vol15-NoSI-11

Published in Volume 15, Special Issue of the bi-monthly journal of the IAEE's Energy Economics Education Foundation.


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