Many Asian countries, despite producing some domestic crude or planning new capacity, have locked themselves into heavy reliance on Middle Eastern oil through joint ventures, refinery configurations optimized for sour/heavy Gulf crudes, and long-term supply deals.
Asia’s Refining Trap is a Choice: Middle East…
Many Asian countries, despite producing some domestic crude or planning new capacity, have locked themselves into heavy reliance on Middle Eastern oil through joint ventures, refinery configurations optimized for sour/heavy Gulf crudes, and long-term supply deals.