Global Planned Refining Industry Outlook to 2023 - Capacity and Capital Expenditure Forecasts with Details of All Planned Refineries

  • Mar 11, 2019
  • PR Newswire

NEW YORK, March 11, 2019 /PRNewswire/ -- Global Planned Refining Industry Outlook to 2023 - Capacity and Capital Expenditure Forecasts with Details of All Planned Refineries

Read the full report: https://www.reportlinker.com/p02796429

Summary

The total global planned and announced refining capacity in 2023 will be 17,882 thousand barrels of oil per day (mbd).Across the globe, 158 new refineries are planned to start operations between 2019 and 2023.

A total new-build capital expenditure (capex) of around US$520bn is expected to be spent globally on planned and announced refineries during the outlook period.

China and Nigeria are expected to be the major contributors to the global refining industry capacity growth from planned and announced projects between 2019 and 2023.China is the global leader in terms of planned refining capacity additions during the forecast period with 3,121 mbd from 10 planned and announced refineries.

The country has planned and announced new-build capex of US$53.2bn to be spent on the upcoming refineries over the next four years.

China's ambitious refinery capacity expansion program continues, fueled by the country's industrial growth and spiraling demand from the transportation sector. The capacity expansion program is powering China's crude imports and transforming the country to become a strong contender for exports of petroleum products.

Nigeria as the second largest country in terms of refining capacity additions.The country is expected to add around 2,225 mbd of refining capacity by 2023.

It has a planned and announced new-build capex of US$40.5bn to be spent on upcoming refineries during the outlook period. With 1,190 mbd of refining capacity additions from planned refineries, Iraq will be the third largest country. The country plans to spend around US$41bn on the upcoming refineries between 2019 and 2023.

In terms of refining capacity, among the upcoming refineries, Dayushan Island refinery in China, Lagos I refinery in Nigeria and Al-Zour refinery in Kuwait will lead with 800 mbd, 650 mbd and 615 mbd, respectively.In terms of planned and announced capex, Dubose Flats refinery in Canada and Tabi refinery in Angola will lead with US$14bn each.

Ratnagiri refinery in India follows with US$13.5bn during the outlook period.

"Global Planned Refining Industry Outlook to 2023 - Capacity and Capital Expenditure Forecasts with Details of All Planned Refineries", is a comprehensive report on global planned crude oil refining industry. The report provides refinery details such as the refinery name and refinery operator name, with in-depth coverage on crude distillation unit or, CDU capacity and other major unit capacities for all new-build (planned and announced) refineries.

The report also provides global and regional refinery capital expenditure outlook by key countries, year on year, till 2023.The report also provides comparison of key countries based on contribution to global as well as regional refining capacities.

Further the report also offers recent developments and latest contracts awarded in the refining industry across different regions.

Scope

- Updated information on all planned and announced refineries globally

- Provides key details such as refinery name, operator name, refinery type, and CDU, condensate splitter, coking, catalytic cracker and hydrocracking capacities by refinery and country from 2019 to 2023

- Provides capital expenditure outlook at global as well as regional level by year and by key countries till 2023

- Recent developments and contracts related to refineries across different regions.

Reasons to buy

- Obtain the most up to date information available on all planned and announced refineries globally

- Identify growth segments and opportunities in the industry

- Facilitate decision making on the basis of strong forecast refinery and unit capacity data

- Assess your competitor's refining portfolio.

Read the full report: https://www.reportlinker.com/p02796429