Belgium Oil & Gas Report Q3 2013 - New Market Research Report
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 the US$1bn modernisation scheme approved for Total's Antwerp facility is a boost for the region's battered downstream sector. With no domestic reserves of oil or gas, there is some upside from nascent efforts to tap Belgium's coal bed methane (CBM) potential.
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