IIR: New Global Refining Capacity and Spending Shifts East

October 9, 2025--Researched by Industrial Info Resources (Sugar Land, Texas)--Spending on new refinery capacity is shifting to Asia, the Middle East and Africa, driven by growing demand from those regions, according to a recent presentation by Industrial Info. The presentation was prepared by Hillary Stevenson, vice president for energy intelligence at IIR Energy. Companies featured: Shell Plc (London, England), BP Plc (London, England), Phillips 66 (Houston, Texas)