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Friday, October 16, 2026

Big Oil Reluctant To Shut Ailing Euro Refineries

Maritime Activity Reports, Inc.

August 2, 1999

Giant oil companies will reportedly shy away from closing sickly European refineries, preferring instead to trim costs or seek buyers for the struggling units, according to analysts.
With the advent of fuel transition, digitalization, AI and autonomy, innovation in vessel design and operation proceeds at unprecedented speed.
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