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Asia and Africa still dominate global refinery spending

GlobalData’s latest report, H2 2018 Global Capacity and Capital Expenditure Outlook for Refineries – Asia and Africa Continue to Dominate Global Refinery Capex and Capacity Additions, indicates that, the global crude distillation unit (CDU) capacity is expected to register significant growth of 15.1% over the next four years, increasing from 101.7 million barrels per day (mmbd) in 2018 to 117.0mmbd by 2022.

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