✉news WorldEU Politics first seen 5 d ago, last 5 d ago, peak #2
Defence spending props up Europe's shrinking refining sector, Vara CEO says
Original: Europe's defence spending props up shrinking refining sector, says VAROPreem CEO
The head of the Preem-owned Vara refinery business said Europe's defence spending is helping sustain a refining sector that would otherwise keep shrinking. Refineries across the continent face weak margins, ageing plants and competition from larger Asian and American facilities, and defence-related fuel demand is providing support amid closures and underinvestment.
Why now: Refinery closures and European rearmament are both in the news, making the link between defence demand and the survival of refining capacity timely.
Evidence
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