Publication: Latin America and the Caribbean Refinery Sector Development Project - Clients
Date
2002-08
ISSN
Published
2002-08
Author(s)
World Bank
Abstract
This report summarizes two years of
intense activity dedicated to the study of the issues
confronted by the refining industry in Latin America and the
Caribbean. Following the program for phasing out of lead
from gasoline and convinced of the importance to progress
with the harmonization of oil product's technical
specifications, the organizations--OLADE, ARPEL, and the
World Bank--decided to jointly carry out a regional study on
the refining sector, its anticipated changes, capital
requirements, and related financial needs. For the next two
or three decades, all projections of energy consumption
confirm that liquid fuels will meet most of the energy
demand of the transport and commercial sectors. The
region's refineries will have to respond to a growing
demand for cleaner products, essential to fuel modern
engines and preserve air quality. As well, supported by
large reserves, natural gas will continue penetrating the
electricity and industrial sectors in Latin America. The
configuration of the refineries should also conform to this
trend. Developing a competitive refining industry is of
critical importance to the regional integration process.
Despite the current difficulties, economic growth and
intra-regional trade in Latin America will continue to
expand. To survive many refining companies should have to
evolve from supplying in exclusivity national markets to
competing in the increasingly open regional market.
Link to Data Set
Citation
“World Bank. 2002. Latin America and the Caribbean Refinery Sector Development Project - Clients. © Washington, DC. http://hdl.handle.net/10986/19895 License: CC BY 3.0 IGO.”