Worldwide, refiners are investing billions in upgrading and modernizing projects. These efforts are focused on: 1.Increasing flexibility to process heavier, sourer crudes 2.Improving energy efficiency 3.Meeting pending environmental standards and regulations 4.Increasing yields of higher-value petroleum products. Part 1 of this outlook reviewed major revamp projects in Africa, Latin America and Asia-Pacific. Part 2 examines notable construction activities in Europe, the Middle East and the US.
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