(EnergyAsia, June 28, Thursday) — Korea’s Hyundai Oilbank Corp said it plans to cut spending on a secondary refining unit by $400 million to $2.26 billion. The residual fluid catalytic cracker (RFCC) will be downsized from the original 85,000 b/d to 52,000 b/d.The project is slated for completion by 2011, and will comprise the RFCC…

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