What is the area of it, in square feet or any other measurements
How much gas is flared each day?How big is a oil refining industry?
The current global refining capacity is of about 88 million barrels a day.
Historically refining has been the low margin sector of the petroleum industry. Investment in refining, particularly upgrading existing simple refineries, has been conservative, especially so outside the United
States. The 1980鈥檚 and early 1990鈥檚 resulted in the reduction of surplus global refinery capacity. This trend has been reversed since the mid 1990鈥檚, with recent years showing some net capacity growth to keep pace with higher demands. Still, excess capacity is very small, which is why the oil price spikes when there are hurricanes in the Gulf of Mexico, where you have a number of refineries.
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