AVG EUROPEAN REFINER = 145,000 BARRELS PER DAY
AVG US REFINER = 110,000 BARRELS PER DAY
AVG CHINESE REFINER = 48,000 BARRELS PER DAY (MORE THAN HALF PRODUCE LESS THAN 20,000 BPD)
CONCLUSION = CHINA REFINERY INDUSTRY IS RIPE FOR CONSOLIDATION AND CAPITAL IMPROVEMENTS.
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