Published on Tuesday, December 15 2020
Authors: John Mayes and John Auers

In the last ten years, refining capacity in Latin America has declined by over 230 MBPD in spite of growing demand, which has increased by about 120 MBPD.  Further exacerbating this growing imbalance is a sharp decline in the refinery utilization rates of the existing refineries in the region.  In…

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