Article: France : Europes oil refining set to shrink.

Byline: manish03

Vanishing gasoline demand from the United States and a long-term fall in local oil use mean Europe's refiners are shutting down capacity -- for good.

Already Total (TOTF.PA), Europe's largest refiner, has said it will shut a quarter of its Gonfreville plant, the biggest in France.

Old refineries are particularly vulnerable. Swiss-based Petroplus (PPHN.VX) will turn its UK Teesside plant into a ...

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