Refinery shortage blamed for high oil
United Arab Emirates: Tuesday, June 17 - 2008 at 11:20
UAE Oil Minister Mohamed al-Hamli said a shortage of oil refineries is the main cause of record oil prices, reported Gulf News. He said the decision by industrial nations not to invest in new refineries through environmental concerns had caused the shortage.
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Jeff Florian, Senior ReporterTuesday, June 17 - 2008 at 11:20 UAE local time (GMT+4)
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