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Oil Market Friday, July 28, 2006

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REFINERIES, NEGATIVE FIVE-MONTH DATA

Unione Petrolifera reports show that in the first five months of 2006, Italian refineries processed 39.4mn tons, showing a drop for the first time this year, -2.5% over the same period of 2005. The negative result comes from the monthly drops in April and May, estimated by Istat at–9.9 and –26.5%, resulting mainly from maintenance work at the refin ...

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