China Is Set to Eclipse America as World’s Biggest Oil Refiner
Posted on AllSides November 21st, 2020
From The Left
ANALYSIS
Earlier this month, Royal Dutch Shell Plc pulled the plug on its Convent refinery in Louisiana. Unlike many oil refineries shut in recent years, Convent was far from obsolete: it’s fairly big by U.S. standards and sophisticated enough to turn a wide range of crude oils into high-value fuels. Yet Shell, the world’s third-biggest oil major, wanted to radically reduce refining capacity and couldn’t find a buyer.
Some content from this outlet may be limited or behind a paywall.
