Report: Oil and gas refiners in Asia-Pacific fail to reduce imports

PETALING JAYA: Despite implementing massive capacity additions, Asia-Pacific’s oil and gas refiners have been largely unsuccessful in reducing imports and, ultimately, offsetting demand growth, according to international management consulting firm Bain & Company.

Based on the firm’s latest report – Full potential for oil refiners in a challenging environment – over the next few years, global refiners would have to cope with several long-term challenges.