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UPDATE 1-GS Caltex may delay upgrading unit construction 1 Citation South Korean refiner GS Caltex said it was considering delaying the construction of part of its latest upgrading unit due to the bleak demand outlook for oil products. Earlier in the day, local media Yonhap News reported that GS Caltex had already halted construction of a fluid catalytic cracking (FCC) unit that was part of its 3 trillion won ($2.06 billion) upgrading unit. GS Caltex, a joint venture between GS Holdings Corp and Chevron Corp, had planned on starting production at its No.3 hea, technorati.com
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