Singapore refiners in midst of huge construction campaign
This paper reports that Singapore's downstream capacity continues to mushroom. Singapore refiners, upbeat about long term prospects for petroleum products demand in the Asia-Pacific region, and are pressing plans to boost processing capacity. Their plans go beyond capacity expansions. They are proceeding with projects to upgrade refineries to emphasize production of higher value products and to further integrate refining capabilities wit the region's petrochemical industry. Planned expansion and upgrading projects at Singapore refineries call for outlays of more than $1 billion to boost total capacity to about 1.1 million b/d in 1993 and 1.27 million b/d by 1995. That would be the highest level since the mid-1980s, when refiners such as Shell Singapore cut capacity amid an oil glut. Singapore refineries currently are running at effective full capacity of 1.04 million b/d. Meanwhile, Singapore refiners are aggressively courting customers in the Indochina subcontinent, where long isolated centrally planned economies are turning gradually to free markets.
- OSTI ID:
- 7233723
- Journal Information:
- Oil and Gas Journal; (United States), Vol. 90:29; ISSN 0030-1388
- Country of Publication:
- United States
- Language:
- English
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Related Subjects
29 ENERGY PLANNING
POLICY AND ECONOMY
PETROLEUM PRODUCTS
MARKET
PETROLEUM REFINERIES
CONSTRUCTION
SINGAPORE
EVALUATION
INVESTMENT
PETROLEUM INDUSTRY
PLANNING
PROSPECTING
ASIA
DEVELOPING COUNTRIES
INDUSTRIAL PLANTS
INDUSTRY
ISLANDS
020700* - Petroleum- Economics
Industrial
& Business Aspects
020400 - Petroleum- Processing
294002 - Energy Planning & Policy- Petroleum