Middle East countries are predicted to increase their oil refinery capacity by 60% and make the capacity over Russia and the former Soviet republics' total. The lack of investment has hindered the energy sector in Russia and other countries, according to data release of OPEC and world oil and gas expertise Wood Mackenzie.

The Middle East has invested hugely in expanding and building oil refineries, making the region especially the Persian Gulf major exporter of petrol, diesel, heating oil and aviation oil.

By People's Daily Online