25 Jun European refining faces new wave of refinery closures
Posted at 14:44h
- A dozen European refineries could close in coming years
- France worst hit as capacity shrinks 30%
- Rising US product imports came as surprise
- Additional closures likely in Italy
Pressure for refinery closures in Europe is stepping up as competition from the US, the Middle East and Russia accelerates, with industry players predicting around a dozen closures in the next few years.