China accounted for 41% of Asia’s crude oil refining capacity under maintenance in 2019, says GlobalData

  • Jan 24, 2020
  • Investing

China had the highest crude oil refining capacity under maintenance (both planned and unplanned) in Asia in 2019, accounting for about 41% of the region’s share, says GlobalData, a leading data and analytics company.

The company’s report, ‘Global Crude Oil Refinery Maintenance Review, 2019 – Asia Incurs Highest Planned Maintenance in the Year’, reveals that Asia had a total refining capacity of 8.4 million barrels per day (mmbd) under maintenance (planned and unplanned) in 2019. The region had 7.9 mmbd under planned maintenance and 1.3 mmbd under unplanned maintenance in 2019. China’s crude oil refining capacity of 3.4 mmbd in 2019 was entirely under planned maintenance.

Adithya Rekha, Oil and Gas Analyst at GlobalData, comments: “In China, Huizhou, Jinling, and Liaoyang were the key refineries under maintenance with refining capacities of 440 thousand barrels per day (mbd), 420 mbd and 400 mbd, respectively in 2019.”

GlobalData identifies India as the second highest region, in terms of crude oil refining capacity, with 2.3 mmbd under both planned and unplanned maintenance in 2019. The region had a refining capacity of 2.1 mmbd under planned maintenance and 1 mmbd under unplanned maintenance in 2019.

In India, the Jamnagar I refinery had the highest capacity of 660 mbd under planned maintenance in 2019, while, the Mangalore refinery had the highest capacity of 301 mbd under unplanned maintenance in the year.

Rekha concludes: “South Korea occupied the third position in Asia with 580 mbd of refining capacity under maintenance in 2019. The country’s entire capacity was from Onsan refinery, which was under planned maintenance in 2019.”

Source: GlobalData