small crude oil refining plant made in togo

                                               
                                               
                                               
                                               
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  • Are Asian refiners turning crude oil into fuels making money?
  • REUTERS/Chen Aizhu/ File Photo Purchase Licensing Rights LAUNCESTON, Australia, June 27 (Reuters) – The profit margin for Asian refiners turning crude oil into fuels has stabilised at relatively weak levels, but where the money is being made has shifted from gasoline to diesel.
  • What is oil refining?
  • This is where oil refining comes in. Oil refining is a major activity which involves in turn, several major processes. Oil refining takes place in an oil refinery and the processes include distillation, coking, cracking, reforming as well as post treatment and the refining of products.
  • Is refining crude oil a simple industry?
  • While it may seem to be a simple industry, the refining of crude oil is quite complex and complexities have been increasing over the years, with new challenges cropping up, including lower quality of crude oil which can include tar sand bitumen, extra heavy oil and heavy crude oil.
  • Why are Asian refiners struggling with high crude oil prices?
  • Asian refiners, which account for about 40% of global capacity, have been caught between relatively strong crude oil prices as the OPEC+ group of exporters limits output, and easing prices for the main refined products of diesel and gasoline amid demand concerns in major consuming countries including China.