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COLUMN-Global refining poised for massive shake-out: John Kemp=2

By Jane Baird | Reuters – Thu, Feb 9, 2012

coking capacity surged

almost 150 percent to 1.242 million bpd.

The future belongs to conversion refineries in emerging

markets. For distillation refineries in North America and

Europe, on the other hand, the future is very bleak indeed.

(editing by Jane Baird)

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