"Belgium Oil & Gas Report Q2 2013" Published
BMI View: Subdued oil demand growth means the prospects for refiners and fuels distributors are poor, with many already facing strong competition. The purchase and reopening of Petroplus' Antwerp plant should reduce downstream uncertainty and plans to invest some US$1bn to boost diesel production at Total's Belgian refinery are a boost for the region's battered downstream. The gas market has greater potential, both in terms of rising domestic demand and the scope to re-sell surplus LNG through regional pipeline links....
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