====== Refineries ======

  * produce refined or semi-fabricated products[(:ref:jong-introduction-trade-finance)]


The ramping up of new capacity in crude-exporting countries "will further reshape both crude and product market flows and present a challenge to those refineries that lack scale, a protected domestic market, or sit at the high-end of the industry cost curve," the IEA said.((https://archive.ph/Xm6F1#selection-3351.0-3351.170))