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Current wave of refinery capacity growth ‘likely to be the last’: IEA

October 24, 2023 Comments Off

The current wave of refinery capacity expansion — which will see around 6 million b/d added to global capacity — is likely to be the last, according to the International Energy Agency, as it forecasts post-2030 capacity growth to recede in all its scenarios. In its latest World Energy Outlook Report released Oct. 24, the IEA forecasts that based on…