Dateline City:
NORWALK, Conn.
Driven in part by continued overcapacity in the global refining sector, refiners realigned their corporate strategies in 2011, with many shedding refining assets and others choosing to exit the sector altogether. This resulted in a very active year for refining transactions, which increased to nearly $6 billion in 2011 from $4 billion in 2010, according to the IHS Herold 2011 Global Downstream M&A Review, which was just released by information and analytics provider IHS (NYSE: IHS).
Language:
English
