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Refining – A key tool in OPEC's market share strategy?

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Report summary

A key element in the 2014 crude oil price collapse was the change in OPEC behaviour to defend its market share in Asia. The 1980's demonstrated that the ownership of refining assets can be a viable approach either by the development of grassroots facilities and/or acquisition of existing assets. Adopting typical key factors for success indicates that there are limited opportunities currently available in Asia but there are a number of signposts available to track progress.

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