(MENAFN) GCC plans for green field projects and refinery expansions are entering a critical phase, as exposed the latest Energy Research of Arab Petroleum Investments Corp (Apicorp).
Meanwhile, the region is leading the drive in the Mideast with 1.5mn b/d of new refining capacity projected online by 2021.
Additionally, the refining sector has viewed huge growth over the past few years, driven by notable government investments amid a period of high oil prices.
Moreover, governments have prioritized the expansion of the downstream sector for many reasons, while it has witnessed fast increasing demand for gasoline and diesel.
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