Re: An accident
It costs over $1 billion these days to build a refinery and the return is not there,thats why all majors decide not to build any.
Not to mention to deal with all the environmental issues,no one wants a refinery in their backyard !
China is new to the game and they need refineries,at one time they are importing old ones,yes,import the entire set up .
Dont know about the rest of the world,eg Nigeria has very nice crude,are they building refinery?
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