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"New Silk Road" Oil Refining Dominance Emerging
[journal article]
Abstract The might of oil refiners along the New Silk Road – stretching from Beijing to Lagos – is gaining influence, especially as European suppliers shrink back after more than a century of dominance. China is by far the refining behemoth along the New Silk Road, closely followed by a highly competitive In... view more
The might of oil refiners along the New Silk Road – stretching from Beijing to Lagos – is gaining influence, especially as European suppliers shrink back after more than a century of dominance. China is by far the refining behemoth along the New Silk Road, closely followed by a highly competitive India and an increasingly well-equipped Gulf. The vast majority of the 7.1 million barrels a day (b/d) of new distillation capacity expected in 2015-2020 will be coming from the Middle East, China and the wider Asia-Pacific, according to OPEC’s 2015 World Oil Outlook.... view less
Classification
Special areas of Departmental Policy
National Economy
Free Keywords
Africa, Energy Policy, Global Trade
Document language
English
Publication Year
2016
Page/Pages
2 p.
Journal
IndraStra Global (2016) 6
ISSN
2381-3652
Status
Published Version; peer reviewed
Licence
Creative Commons - Attribution-Noncommercial-No Derivative Works