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190 comments on DrumBeat: July 3, 2007

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Sparaxis on July 3, 2007 - 7:03pm Permalink | Subthread | Parent | Comments top

You may well be right. I had dinner with the head of Saudi refining projects last week, and in a chat about China's refinery expansion plans, he blurted out that China's plans were highly improbable, "since we can't even get 400,000 b/d up and running in less than 4-5 years anymore". He wouldn't elaborate, but they have been impacted by the same escalation of costs, shortages, and other problems that are plaguing the industry around the world.

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NZSanctuary on July 3, 2007 - 9:17pm Permalink | Subthread | Parent | Comments top

Comments from the horse's mouth, so to speak, are always interesting. Thanks.

"You can never solve a problem on the level on which it was created."
Albert Einstein

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190 comments on DrumBeat: July 3, 2007

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