But does that mean we ship our crude out without refining it here as we have not built any new refineries in many years?
“But does that mean we ship our crude out without refining it here as we have not built any new refineries in many years?”
Upgrades and additions to existing refineries amount to one new refinery per year. They are built on very large tracts of land and can be expanded in a big way.
And they have a lot of land left to build on.