Skip to main content

OPEC to invest US$ 40 billion in refineries

Hydrocarbon Engineering,


Members of the Organisation of Petroleum Exporting Countries have announced that they will be investing approximately US$ 40 billion in refineries over the next 10 years. During 2009 30 projects came online in OPEC member countries and the organisation expect 140 projects to be online within the next 5 years.

The organisation believes that the development of these projects will meet increases in demand for OPEC crude. However, it is being argued that these investments could lead to an increase in unneeded capacity.

Read the article online at: https://www.hydrocarbonengineering.com/gas-processing/31082010/opec-to_invest_in_refineries/

You might also like

The Hydrocarbon Engineering Podcast - Education and training for every phase of the insulating system design process

In this episode of the Hydrocarbon Engineering Podcast, Brandon Stambaugh, Owens Corning Director for Technical Services, joins us to discuss engineers’ demand for education and training to support the critical phases that affect the performance and longevity of insulating systems.

Tune in to the Hydrocarbon Engineering Podcast on your favourite podcast app today.

Apple Podcasts  Spotify Podcasts  YouTube

 
 

Embed article link: (copy the HTML code below):