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@article{ Goel2016, title = {"New Silk Road" Oil Refining Dominance Emerging}, author = {Goel, Manan}, journal = {IndraStra Global}, number = {6}, pages = {2}, year = {2016}, issn = {2381-3652}, urn = {https://nbn-resolving.org/urn:nbn:de:0168-ssoar-48578-2}, abstract = {The might of oil refiners along the New Silk Road – stretching from Beijing to Lagos – is gaining influence, especially as European suppliers shrink back after more than a century of dominance. China is by far the refining behemoth along the New Silk Road, closely followed by a highly competitive India and an increasingly well-equipped Gulf. The vast majority of the 7.1 million barrels a day (b/d) of new distillation capacity expected in 2015-2020 will be coming from the Middle East, China and the wider Asia-Pacific, according to OPEC’s 2015 World Oil Outlook.}, }