Transition in the European refining sector: strategies to meet present and future industry challenges from a Central European perspective

The European refining industry faces a multiplicity of challenges. New legislation and growing global competition are squeezing margins. Operational and organisational efficiency will hold the key to success and survival for European refiners. Vertical integration with upstream operations and retail...

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Bibliographic Details
Main Author: Virag, A
Format: Journal article
Language:English
Published: Oxford Institute for Energy Studies 2013
Description
Summary:The European refining industry faces a multiplicity of challenges. New legislation and growing global competition are squeezing margins. Operational and organisational efficiency will hold the key to success and survival for European refiners. Vertical integration with upstream operations and retail markets, as well as on-site horizontal integration between refineries and petrochemical plants are routes to greater resilience.