An Edmonton-based oil refinery is considering a phased expansion. It would involve the following: (i) Building a new, commercial-scale plant immediately. (ii) Further investments, in three years’ time, to expand the plant’s capacity and enter a new market. The company performs the following calculations.

Answer rating: 100% (QA)

In order to facilitate provision of efficient and reliable delivery of oil products throughout the region the Regional Strategy on development of regional refineries was developed It addresses all asp... View the full answer