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THE STRUCTURE OF THE WORLD REFINING INDUSTRY
Role of the Major Refining Centers in Trade
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addition API gravity Base Case Scenario BPSD capacity utilization Capital Cost Caribbean Central and South changes Chapter CM CM coal conversion facilities crude oil deasphalting decline demand profile developing countries diesel diesel-gas oil distillate fuels distillate products East Africa East and North East Asia economic energy conservation estimated existing facilities feed fluid catalytic cracking gasoline growth rates High Conversion Scenario Historical and projected Hydro hydrocarbons hydrocracking hydroskimming refinery income elasticities industrialized countries Japan kerosene major middle distillates Middle East MM$/year MMBPD MMTPY naphtha national oil companies natural gas North America Oceania octane oil consumption oil price operating petroleum products pH pH price elasticity profits regions relatively reserves residual fuel oil secondary conversion sector sources South Asia substantial substitution sulfur supply supply-demand balances Supply-Demand Imbalances thermal tion transportation vacuum gas oil vacuum unit Visbreaker Western Europe yield