Recomposing Its Oil Product Slate

摘要

Like most other traditional refining heavyweights in Asia,South Korea'sdownstreamsegmenthasbeenhitbyweakrefiningmargins, due to an increasing competitiveness in the oil products market and high feedstock costs with crude oil prices at historic highs.Ac- cording to Korea National Oil Corporation,two of the country's four major refiners reported weaker year-on-year(y-o-y)refining earnings for 2013.