19 August 2008 22:07 [Source: ICIS news]
HOUSTON (ICIS news)--The National Petrochemical & Refiners Association (NPRA) said on Tuesday that daily domestic refining capacity increased 0.86% percent from 2007 to 2008.
At 17.6m bbl/day, domestic refining capacity is up 4.1% over the last five years, and is up 8.2% over the last 9 years, according to the NPRA.
In its annual US Refining and Storage Capacity Report released on Tuesday, the NPRA said that as of 1 January 2008, there were 149 operable refineries in the ?xml:namespace>
“In spite of significantly higher crude prices over the last year and declining margins in the domestic refining community, refiners have continued to increase capacity to help meet consumer demand for a reliable supply of fuels and other petroleum-based products,” said NPRA President Charles T. Drevna.
Data are compiled from information reported by the DOE Energy Information Administration in its 2008 Petroleum Supply Annual.
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