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Article: Strategy Analytics: E-Business Offers $7B Savings Across Petroleum Value Chain; Refining and Distribution Segments Represent Greatest Opportunity.
- Article from:
- Business Wire
- Article date:
- March 7, 2002
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Business Editors
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BOSTON--(BUSINESS WIRE)--March 7, 2002
According to a new report by Strategy Analytics, selective deployment of e-business solutions will net 9% cost savings in the US Petroleum industry. The most promising segments of the industry are refining, distribution, and exploration and production.
Randall Nottingham, Director of Energy Market Strategies at Strategy Analytics notes, "Yes, there is an opportunity, and yes, there are advantages to companies that successfully pursue those ...