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Oil to retain major share in Southeast Asia despite refineries push toward renewables

October 26, 2023 Comments Off

Oil will retain a significant share of supply in Southeast Asia even as refineries in the region embrace energy efficiency and a greener future, according to panelists at the Asian Downstream Summit in Singapore Oct. 25. Although there is a lack of sufficient refining capacity in Southeast Asia, consumption of oil products in the region is expected to continue rising…