LONDON, June 14, 2022 (GLOBE NEWSWIRE) -- The CDU capacity is expected to witness a growth of over 10% from 2022 to 2026. Asia’s CDU capacity is the highest among all regions globally followed by North America and Europe. Among countries, China, India, and Nigeria would be the top three countries globally for CDU capacity additions during the 2022 to 2026 outlook period.
The Refineries Capacity and Capital Expenditure Outlook, 2022-2026 market research report offered by GlobalData Plc provides a comprehensive overview of the global crude oil refining industry with a focus on their refining capacity and capital expenditure. The report provides refinery details such as the refinery name, country, and refinery operator name, with in-depth coverage of crude distillation unit or, CDU capacity and other major unit capacities for all active, and new-build (planned and announced) refineries.
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Major Announced Refinery Projects
- Otuasega
- Kogo
- Um-Dabakir
- Uturogu
- Ningo
Otuasega is a hydroskimming-type refinery proposed in Nigeria with a total capex of $465 million. It is expected to start operations in 2025 with a capacity of 30 mbd. Yeringsco Refinery and Petrochemical Co Ltd is the operator as well as 100% equity holder of the refinery.
Global Refining Industry Outlook by Region
- Asia
- Africa
- The Middle East
- North America
- The Former Soviet Union (FSU)
- South America
- Europe
- Oceania
More than 60% of Asia’s capex is expected to be spent by India, China, and Indonesia. Indian Oil Corp Ltd, PT Pertamina (Persero), and China Petrochemical Corp are the companies with the highest capex in terms of new build and expansion capex in Asia’s refining industry.
Refining Market Analysis by Region
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Major Refining Companies
- Indian Oil Corp Ltd
- PT Pertamina (Persero)
- China Petrochemical Corp
- South Refineries Co
- Sonangol EP
- Sugih Energy International Pte Ltd
- Saudi Arabian Oil Co
- Rosneft Oil Co
- Oil and Natural Gas Corp Ltd
- Mestosync Energy
Refining Market Analysis by Leading Companies
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Refining Market Overview
| Market Size 2022 | 105.6 mmbd |
| Growth Rate | >10% |
| Forecast Period | 2022-2026 |
| Major Announced Projects | Otuasega, Kogo, Um, Dabakir, Uturogu, and Ningo |
| Key Regions | Asia, Africa, Middle East, North America, Former Soviet Union (FSU), South America, Europe, and Oceania |
| Leading Companies | Indian Oil Corp Ltd, PT Pertamina (Persero), China Petrochemical Corp, South Refineries Co, Sonangol EP, Sugih Energy International Pte Ltd, Saudi Arabian Oil Co, Rosneft Oil Co, Oil and Natural Gas Corp Ltd, and Mestosync Energy |
Refining Market Report Scope
- Refinery CDU capacity by region for the period 2016 to 2026
- CDU new build and expansion capacity additions by key countries
- New build and expansion capex of refineries by region, key countries, and companies
- Regional new build and expansion capital expenditure outlook by key countries and companies
- New build and expansion capacity additions by region for coking, FCC, and hydrocracker units
- Key details of major new build refineries expected to start operations by 2026
Reasons to Buy
- Obtain the most up to date information available on refineries globally
- Facilitate decision making based on strong historical, and outlook of CDU capacity data
- Develop business strategies with the help of specific insights about capex spending on refineries globally and by region
- Keep abreast of key new build refinery projects globally
- Assess your competitor’s new build refinery projects and capex
FAQs
What is the CDU capacity of the global refining market in 2022?
The CDU capacity of the global refining industry is 105.6 million barrels per day (mmbd) in 2022.
What is the global refining market growth rate?
The global refining market growth rate is projected to grow at a rate of more than 10% during the forecast period.
What are the major refinery projects announced in the global refining industry?
The major refinery projects announced in the global refining industry are Otuasega, Kogo, Um, Dabakir, Uturogu, and Ningo.
What are the key regions in the global refining market?
The key regions in the global refining market are Asia, Africa, the Middle East, North America, the Former Soviet Union (FSU), South America, Europe, and Oceania
Which are the major refining companies?
Some of the major refining companies are Indian Oil Corp Ltd, PT Pertamina (Persero), China Petrochemical Corp, South Refineries Co, Sonangol EP, Sugih Energy International Pte Ltd, Saudi Arabian Oil Co, Rosneft Oil Co, Oil and Natural Gas Corp Ltd, and Mestosync Energy.
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