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EU refining industry needs to shrink by 40%: ING

Tuesday, November 25, 2014 - 05:50

London

THE European oil refining industry would be better off with just 60 plants, a cut of around 40 per cent from today's number, a report from Dutch bank ING said on Monday, but the risk that inefficient refineries will stay open is high, prolonging the pain.

Nearly 22 European

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