✉news WorldEU Politics first seen 6 h ago, last 55 min ago, peak #2
Defence spending is propping up Europe's shrinking refining sector, says VAROPreem chief
Original: Europe's defence spending props up shrinking refining sector, says VAROPreem CEO
The head of Swedish refiner VAROPreem says European defence spending is helping sustain a refining sector that would otherwise be shrinking, as fuel demand falls and capacity closures continue. His remarks highlight an unexpected link between rearmament budgets and the survival of fuel suppliers in Europe.
Why now: Europe's push to raise defence budgets is drawing attention to its side effects on industrial sectors like refining.
Evidence
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