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Comment Re:Old news? (Score 1) 230

This is spot on.

Exploration and Production is High Margin
Refining and distribution is Mediocre Margin

If the Oil trading group acts to maximize the profit, it could be at the disadvantage of the refining and distribution operations. It is a very very complex supply chain. This break up will allow Refining and distribution to maximise their own margin without regard for the upstream supply chain.

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