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The Global Oil Refineries Market 2010-2020

Global oil refineries market: $39 billion industry estimated in 2010

Global spending on acquiring new refineries and upgrading and maintaining existing refineries will reach $39.3bn in 2010. Many new refineries are likely to be built in various regional markets, providing significant opportunities for engineering contractors with the capacity to work on oil infrastructure projects.

As the global oil refineries market undergoes these changes, the future of the industry will look very different, leading to closures of some refineries whilst providing opportunities elsewhere.

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