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Asia-Pacific refining capacity to lag demand: Caltex

INCREASES in refining capacity in the Asia-Pacific region will not be enough to meet rising demand for fuel over the next few years, according to oil refiner Caltex Australia.

Steve Rotherham

“Refining capacity additions across the Asia-Pacific region are expected to lag behind demand growth for transportation fuels,” Caltex said in its annual report. “Caltex’s investment in cleaner fuels...

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