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China redrawing energy map, IEA says

Posted on 06 November 2012

Commuters across the globe may be filling their tanks with gasoline processed in China as the country moves to expand its refining capacity, the IEA said.
The International Energy Agency expects China to increase its refining capacity by as much as 2.9 million barrels within the next five years. The agency said it expected Chinese demand for oil to drop 1 million barrels per day for 2016 when compared to predictions made two years ago………………………………………..Full Article: Source


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