Arab refining projects may be scrapped

A new report by the Organization of Arab Petroleum Exporting Countries has said that uncertainty over future rates of global demand for oil derivatives, the fluctuation of construction material costs and pressure arising from environmental protection laws could lead to the delay or cancellation of new oil refinery projects in several Arab countries, Kuna has reported. In its monthly report, Oapec said that despite efforts by the Arab refining industry, the pace of development is very slow.