Integration is the new keyword for sustainability and profit in today’s oil and gas market scenario. Continuously changing market dynamics are leading to constant pressure on refiners to seek opportunities to maximize profit while also optimizing capital investment and operating expenses.
The conventional operating model has many challenges. While import duties, taxes and high energy costs are eating away at refiners’ margins, stringent environmental regulations are demanding major capital investments for revamps and technology upgrades. Conversely, petrochemical and downstream chemicals are challenged by scale economics and the uncertainty o
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