Industry Segment: Pipelines | Word Count: 689 Words
SUGAR LAND--May 15, 2017--Researched by Industrial Info Resources (Sugar Land, Texas)--In a recent webinar regarding the Global Refining Industry, IIR Energy pointed to just less than $100 billion in global refining projects that are under construction, with another $257 billion that are in the planning and engineering stages that are planned to kick off in the next two years, although not all of these projects will make it to construction. Of these projects in the planning and engineering stage, Southeast Asia, with $61.1 billion in projects, leads the world in terms of potential refining activity, followed by East Asia, with $42 billion, and North America, with $34.8 billion. The leaders of the webinar asked, where will the oil come from to fill these refineries?
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