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Oil refiners discuss residue upgrading as a route to increasing margins

August 3, 2016

The consequences of a low crude price impacts major investment projects for many companies. Some economies are more vulnerable to low crude prices such as those that are highly dependent on oil-associated revenues, especially in the area of export.

The selection of investment projects to increase margins often includes upgrading the bottom of the barrel or residue upgrading, which is the processing of vacuum and other heavy residues to higher value products.

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