1.   Analysts said shares of the independent oil refiner rose amid optimism that low crude prices mean short-term health for the refining industry.

2.   Cost savings are important in the refining industry, which has suffered for years from low profit margins.

3.   For years the refining industry has been plagued by overcapacity, but that has changed greatly recently.

4.   He added that the discussions were not specific on whether the exploration and production of oil fields or the refining industry would be involved.

5.   He recalled that some politicians and consumer groups had asserted that the refining industry was part of conspiracy to inflate prices.

6.   In other words, the benefits of the tax cut would flow not to consumers but to other parties, mainly the domestic oil refining industry.

7.   It is also used in the petroleum refining industry to remove pollutants from fuels and lubricants.

8.   Other analysts said the company was caught in a tug-of-war among Kazakh business factions to win dominance of the refining industry.

9.   Profit margins on fuels have been weak throughout the refining industry.

10.   Shell is the most recent among major refiners to take action in the face of a struggling worldwide refining industry.