Sunflower Processing, Processing of Oil Seed and None-oil

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  • 2025 hot sale big oil refining plant from china in zimbabwe
  • 2025 hot sale big oil refining plant from china in zimbabwe
  • 2025 hot sale big oil refining plant from china in zimbabwe

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  • Why did China's oil prices drop 2%?
  • Oil prices settled down more than 2% while gold eased from record highs. Up to 10% of China's oil refining capacity faces closure in the next ten years as an earlier-than-expected peak in Chinese fuel demand crushes margins and Beijing's drive to wring out inefficiency begins to squeeze older and smaller plants.
  • What is the global refining capacity in 2023?
  • In 2023, global refining capacity was estimated at 103.5 million barrels per day (b/d)1.
  • Where has growth in refinery capacity shifted?
  • Growth in refinery capacity has shifted to regions where growth in petroleum demand has been fastest.
  • Which oil refineries are operating at full capacity in 2024?
  • In early February 2024, the 230,000-b/d Duqm refinery in Oman (a joint venture between Oman’s OQ Group and Kuwait Petroleum International) and the 615,000-b/d Al Zour refinery in Kuwait (operated by the Kuwait Integrated Petroleum Industries Company, or KIPIC) began operating at full capacity.
  • Why are refiners adding capacity in Asia & the Middle East?
  • Countries in Asia and the Middle East face growing incomes and middle classes, which will increase consumption of consumer goods and transportation fuels within the next 10 years. As a result of these trends, refiners are adding capacity through at least 2028 to satisfy expected demand growth to 2050.
  • Will falling refining capacity slow the decline of oil margins?
  • Yet, the EIA expects falling refining capacity in America to slow the decline of U.S. refining margins. U.S. refining capacity is set to drop by 3% this year, the EIA says, with LyondellBasell’s Houston oil refinery closing, and the Los Angeles refinery of Phillips 66 scheduled for closure by the end of 2025. By Charles Kennedy for Oilprice.com