U.S. refineries are facing a labor shortage for deferred maintenance, now that oil prices are experienced a tepid rebound. According to a Reuters report, companies like Valero and Marathon along the Gulf Coast are planning repairs in 2017 but lack suitable candidates with skills like pipe fitting and iron working. The shortage could increase the risk for accidents, and drive up costs and further delays. Industrial Information Resources (IIR), which tracks labor supply for refiners and other industrial companies, estimates that the coastal region from Brownsville, Texas to New Orleans will be short roughly 37,400 craftsman needed to complete all of the planned capital projects in 2017.
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